Separate business/personal accounts?

[David Love]

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A separate account will allow you to be more easily organized and, in =
the
event of an audit, will allow you to more easily pull the relevant =
material
as well as keep the IRS out of your personal life.  A separate business
credit card account is useful that way too.  However, if you keep good
records, it shouldn't really matter.  I do keep separate accounts. =20

=20

David Love
davidlovepianos@comcast.net=20

-----Original Message-----
From: pianotech-bounces@ptg.org [mailto:pianotech-bounces@ptg.org] On =
Behalf
Of Richard Morgan
Sent: Tuesday, January 03, 2006 7:05 AM
To: pianotech@ptg.org
Subject: Separate business/personal accounts?

=20

Hello, all.

=20

I'm a new tuner, after years in academia, and newly returned to the
self-employed field.  How important is it to have a separate bank =
account
for my piano tech income?  Can I achieve an appropriate level of =
separation
using Quicken, and 'subdividing' my single bank account?

=20

This list has already been marvelously instructive, even the very long
string following Susan's New Year's Rant.  As you might imagine, I am
struggling with how to price myself/my services.

=20

I'll not respond to each response, but will appreciate the input each =
person
provides.

=20

Thanks,

Richard


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