How does a small business checking affect my tax filing if at all?

Hi, I have a small business, very small, I am a floral designer and event planner, I’m only doing about 8-15 weddings a year rite now, will grow in the future. I am DBA and have my tax ID number. I am hoping to open a new checking account to keep these funds apart from normal household funds, just to keep track.

If I open a small business account, does this affect how my taxes are filed? I live in Michigan if that helps.

Related Items

3 Responses to “How does a small business checking affect my tax filing if at all?”

  1. Doctor Deth said:

    the checking acct is irrelevant.Just make sure you claim all the income on a schedule C with your 1040

  2. Stephens said:

    No idea about the specific query! I think you should talk to experts like http://www.thetaxclub.net/ . They can guide you in the right direction.

  3. What is the best video encoder said:

    Thanks for your post. I would also like to say that the health insurance dealer also utilizes the benefit of the coordinators of any group insurance coverage. The health insurance broker is given an index of benefits searched for by a person or a group coordinator. Exactly what a broker can is hunt for individuals or coordinators which best fit those needs. Then he offers his tips and if both parties agree, the particular broker formulates a binding agreement between the two parties.




Message:

[newtagclound int=0]

Subscribe

Recent Comments

Recent Posts

Archives