brewer12345
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Mar 6, 2003
- Messages
- 18,085
DW is a sole proprietor in her small business/practice that is a part time affair. We have always kept a small business checking account at a local bank just to keep things straight. However, the local bank is in the stone ages (very basic web access, have to actually go to a branch to make a deposit, etc.), while we do most of our banking with the very hip, very easy to do business with Schwab (we deposit checks with a smartphone app that does not require leaving the house or a stamp). Is there a good reason why we should keep a separate small business account? Does this improve our stance with the tax authorities in some way?