This isn’t just a suggestion — it’s a critical step for financial success and legal protection.” Read on to see Salahi’s key reasons why having a business bank account is vital.

This is because employers pay half the taxes for you — but self-employed individuals pay all of it. Luckily, you can deduct half of self-employment taxes paid on your tax return. 2. Home Office ...

An EIN identifies a business entity for tax purposes. You can get your EIN from the IRS. Most banks and credit unions require you to provide your EIN to open a business account, but they might ...

Key takeaways Bank loans are great for low interest rates, but online lenders may be more accessible to self-employed business owners Lenders look for steady revenue, often at least $100,000 annually ...

Your Guide to Taxes for Self-Employed and Gig Workers A cheat sheet on the taxes, breaks and business deductions that apply to workers who get 1099s By Ashlea Ebeling Share Resize ...

Grasshopper’s Innovator Business Checking account for small businesses lets entrepreneurs earn flat-rate cash back rewards on their day-to-day spending. The amount of rewards you can amass has ...

Chase: Best overall small business checking account Our rating: 4.35 out of 5 Image: Chase A household name in the banking industry, Chase provides small businesses with three checking options ...

The Axos Bank Basic Business Checking account offers a generous account welcome bonus of up to $400 across four equal monthly installments of $100 when you open an account with promo code on your ...