Image by plantoo47 via Flickr The hardest thing for many business owners is separating what your are spending on your business from your personal finances. It seems like the easiest thing to do is to keep them together. But when it comes to start figuring out your taxes, this bundling together can become a nightmare of receipts and ambiguous receipts that you don't remember what they are for. The whole process can be extremely frustrating. Ideally, you should start the day your start spending money on the business. Part of your business plan should contain a plan on keeping your … [Read more...]
Your Business Account: Not Just any Cash Money Pot
May 19, 2011 By Leave a Comment
Image courtesy:http://farm6.static.flickr.com/5251/5394616925_6f5dd9b5e2_m.jpg So you'll have to admit something: it's a heck of a lot of fun having a company credit card. Let's go through a detailed list here: one, you've got Christmas to think about, meaning a party with your colleagues and co-workers; two, what about recreational functions for the company, such as bowling or a movie night? Okay, so that's not a really detailed list; but what's lost in quantity of reasons behind how fun it is to have a separate checking/savings account under a company name can actually be made up by the … [Read more...]