Why small business owners should separate their finances

Separating your business and personal finances is one of the smartest (and simplest) steps you can take to protect your business, your sanity, and your future. Whether you're a brand new business owner or have been operating for years, here's why financial separation matters.

Dividing your business and personal finances simplifies accounting, protects personal assets, and establishes credibility.

1) Separate accounts make bookkeeping and tax filing easier. When business and personal funds are mixed, it becomes very difficult to track which expenses are legitimate business deductions and which...