◆ Spotlight◆ TAX & RETIREMENT
Business Banking and Bookkeeping: The Foundation of Self-Employment
Separate business and personal finances with a dedicated account and simple bookkeeping system to protect liability, simplify taxes, and avoid costly…
- A dedicated business bank account is the non-negotiable foundation of self-employment, not optional convenience.
- Commingling personal and business finances undermines LLC liability protection and invites IRS scrutiny.
- Monthly bookkeeping (30 minutes) prevents expensive year-end reconstruction (six hours at $200/hour).
7 min read · April 2, 2026Read the breakdown →