Business
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Licensing, inspections, training, insurance, taxes, and zoning — these are all things you need to be aware of when building your business. What challenges are you facing, and how do you manage costs while growing? Ask questions and help others with their business in this group.
Income
This topic contains 1 reply, has 1 voice, and was last updated by 
David Crabill 9 years, 8 months ago.
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Jessica SI live in Missouri and was wondering if I have to open a separate bank account for money going towards or coming into my CFO business? And also do I need to report profit/loss from it on my taxes every year?
No, you don’t need a separate bank account if you’re a sole proprietorship. You do need to report your income on yearly taxes, and you may need to pay quarterly estimated taxes if you make enough money.
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