How to Complete Accounts for Self-Employed Having a separate business bank account is unnecessary, but it is considerably easier to keep track of your business finances if you do. It will help you keep track of your expenses and profits, making it easier to file your taxes.Ī separate bank account for your business will also make getting a loan or line of credit easier if you need one. When you are self-employed, it is important to have a separate business bank account for your business.
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