Home Common I'm a businessman! Need...

I'm a businessman! Do I need a separate business account?

The legislation does not contain such a requirement, but we strongly recommend opening it immediately after registering the EMZ. If you have one in common...

The legislation does not contain such a requirement, but we strongly recommend opening it immediately after registering the EMZ.

If you have one joint account: 

All business income and expenses go there and are paid from there. Your personal expenses are also paid from the same account. It's easy to get confused! 

When it comes time to file your annual tax return, you'll want to deduct business expenses from your tax base. 

This is where a big problem arises: it will be extremely difficult to separate expenses that were associated with business and those that were for personal purposes.

That's why we recommend opening a separate account for business.!

Do you want to start a business, but you have a lot of questions and doubts? Without hesitation for a minute, order a consultation from our specialists!

Publication Date: 07.05.2024

Subscribe

Tags

logo nalog

What do you think of this site? *

The purpose of your appeal?

Do not enter any personal information such as name, social security number, or phone number. We do not respond to questions, comments and complaints that come through this form.

cancellation