in [Event] Ask the Experts: Tax Law Changes - One Big Beautiful Bill
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I've been using my personal account to make business expenses because the business hasn't earned enough to cover some charges. I just want to make sure I can write them off, and I kept the receipts to show the expenses.
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Yes, it's not an absolute necessity to pay expenses from a separate business account, especially right when you are starting out. You just need to keep very good records of what business expenses were paid from the account and save receipts. It is advisable to open a separate account before too much time goes by, because it's much easier to show your intent to earn a profit and to track your expenses from a separate account. You can also deduct bank costs for the business account from your income for the business.
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