Oct 18 (edited) • Tax Tips = Free Social Posts
Tax Tip #3
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Daily Tax Tip #3: Separate Business & Personal Expenses!
Mixing personal and business spending is one of the most common mistakes small business owners make—and it can cost you BIG at tax time.
🧭 Quick Action:
✅ 💳 Open a dedicated business bank account (and credit card if needed).
✅ 🧾 Only use business funds for business expenses—keep personal purchases separate.
✅ 📊 Use bookkeeping software (like QuickBooks 💚) to track income & expenses throughout the year.
📣 Why It Matters:
💰 Clean records make it easier to prove deductions and maximize write-offs.
⚖️ Avoid IRS red flags and messy audits from commingled funds.
🧠 You’ll have clear insight into your business’s real profit and cash flow.
📆 Pro Tip: Review your accounts weekly to catch any personal charges before they pile up—discipline builds confidence and compliance!
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Tax Tip #3
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