A lot of new business owners wait until the end of the year to think about taxes, and that’s usually when the problems start.Most issues come from simple things: messy records, mixed expenses, or not knowing basic obligations. Building small habits early — clean bookkeeping, tracking deductions, and separating accounts — makes tax season predictable instead of stressful. What’s one tax task you think entrepreneurs avoid the most?

🔥 DAILY TAX TIP #19 — RUN YOUR BUSINESS LIKE A PRO: THE 3-ACCOUNT SYSTEM Short Story: One of my clients ran his business from a single checking account. He said, “I know what’s business and what’s personal, it’s all in my head. ”I told him, “Then your head is doing your bookkeeping—and it’s already overworked. ”We fixed that in one afternoon. THE TAX RULES (AND THE STRATEGY):• The IRS doesn’t require a specific number of accounts, but Publication 583 (Starting a Business and Keeping Records) is clear: you must maintain complete and separate records for business and personal funds.• The cleanest way to do this is with three separate business accounts—a simple but powerful structure used by successful entrepreneurs and CFOs everywhere. 🧭 Quick Action — Set Up These 3 Accounts: 1️⃣ OPERATING ACCOUNT This is your main checking account for business income and expenses. All client payments go in. All business bills come out. Use your accounting software to categorize everything. 2️⃣ TAX ACCOUNT Transfer 25–30% of net income here every week or month for estimated taxes. Reference: IRS Form 1040-ES due dates — April 15, June 15, Sept 15, Jan 15.When tax time comes, your money is waiting instead of your nerves. 3️⃣ RESERVE (OR PROFIT) ACCOUNT Move 5–10% of all deposits here before paying any bills. This builds cash stability and ensures the business always has an emergency fund. WHY IT MATTERS: 💰 You stop “accidentally” spending tax money on operating costs. ⚖️ It creates a clear audit trail showing clean separation of funds. 📊 It gives you an instant financial dashboard—Operating = Now, Tax = Owed, Reserve = Strength.🧠 It replaces chaos with command and control. PRO TIP: Name the accounts exactly like this in your online banking:• “GBC Operating”• “GBC Tax Savings”• “GBC Reserves” That visual reminder keeps discipline automatic every time you log in. BOTTOM LINE DRILL CALL: A professional doesn’t run war plans out of one pocket. Separate your funds, control your cash, and know your numbers daily. Three accounts. One system. Zero confusion.

It’s not just about paying less, it’s about spotting opportunities most people never see. Some notice them every year, others never realize they exist. What’s one part of filing that surprised you this year?