The money in a business account is for business expenses. Your personal money is for personal expenses. Mix the two and you ask for trouble!
Paying taxes sucks. It sucks worse when someone filed the wrong forms resulting in duplicate income being reported to the IRS and you receive a letter saying you owe even more. Here is what you should do to resolve that issue.
You may not know it, but you may be paying your accountant for something you shouldn’t be and also it makes the freelancers you work with very angry!
When you’re starting out in business, it’s ok to use a simple spreadsheet or check register to track your money. At some point you need to seriously consider moving to a more advanced platform.
When it comes to hiring an accountant for your small business, you need to be selective. These tips will help you hire the right person.