News & Advice

Paying yourself as a business owner does not typically count as a business expense in the same way that other operational costs, such as rent, utilities, and employee wages, are considered business…

Managing personal and business accounts separately is essential for maintaining financial clarity, legal compliance, and financial stability. Key steps to effectively manage both types of accounts: Managing Personal Accounts: Create a Personal…

Commingling refers to the mixing or mingling of funds or assets that should be kept separate. It is typically associated with financial and legal contexts, such as business and personal finance, and…

Using a business account for personal use can lead to various consequences, depending on the nature of the account, the terms of service of the platform or financial institution, and local laws…