Money goes in, money goes out. Make sure your business checking account is up to the challenge.
Think of all the business expenses you deal with on a regular basis. There are suppliers to compensate, credit card processing charges to pay, business banking expenses, not to mention utilities bills and rent. If you use your own vehicle for business-related travel, a portion of the cost of gas and other charges can be expensed to the enterprise's account. If you have company cars, all of these expenditures are added to your costs.
Entrepreneurs that run their enterprises from home can write off some of their utilities, real estate taxes, telecommunications bills and other expenses. However, a home-based office must be the only office a company has, and it should be used solely for business purposes in order to qualify, notes tax attorney Oscar Ornelas, writing for for El Paso Inc.
We offer a variety of flexible, scalable business checking solutions. Consult with a My Bank expert to get financial tips and select the perfect account for you day-to-day business cash needs.