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Be honest: how difficult were your taxes this year? Did you have trouble figuring out how much you made and how bad your expenses were? Were you afraid you missed something? How many fistfuls of hair did you pull out?
Many sole proprietors start their businesses as a hobby or side income. It might not seem worth it to go to the hassle of opening a whole new business bank account. But keeping your personal and business finances combined can lead to some pretty bad headaches. And not just at tax time, either. There are several reasons why you should consider splitting your two financial worlds up immediately. Here are a few that could be affecting your business right now.