What's Wrong With Using Your Personal Checking Account for Business?

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Many people try to use personal accounts to avoid fees, but this makes accounting harder, may violate the banks terms risking closure without notice, and gives the IRS more to dig into if the business is audited.


Erin F.

Erin F.

Tampa, Florida, United States

I specialize in the business side of small business — accounting, finance, and law — along with personal finance issues that impact small business owners such as credit cards and insurance. My clients include accounting firms, law firms, banks, tech companies, and marketing ag...

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