The Business Checking Accounts of TAB Bank Help Businesses Efficiently Manage Their Finances


Posted January 25, 2018 by Flavia_McCain

Some small business owners combine all finances in one checking account, which can cause business problems. TAB Bank has business checking accounts that let them manage their finances properly.

 
[b][OGDEN, 1/25/2018][/b] — Proper finance management with TAB Bank is a priority for small businesses. Some business owners, unfortunately, are making costly financial mistakes. According to a study published in Small Business Trends, 27 percent of small business owners keep both company money and personal money in the same checking account.

[b]The Drawbacks of Using the Same Bank Account[/b]

While it may seem easier to combine all finances in one bank account, commingled business and personal funds can have risky implications for the company and personal finances. An article by The Balance reported that mixing personal with business money is a tax time nightmare. When tax time approaches, business owners need to declare expenses and income related to the business. It means that they would have to work hard in separating personal transactions from business transactions.

Apart from making tax filing difficult, combining personal finances with business funds generates a confusing mix of transactions on the account statement. This confusion can make it easy for business owners to overlook tax deductions.

[b]Helping Businesses Take Care of Their Finances Better[/b]

Fortunately, some banks offer financial accounts to help small business owners effectively manage their cash flow. TAB Bank, a trusted provider of business lending, personal online banking, and online business banking in Utah, offers a business checking account.

Business owners applying for this checking account will get the flexibility, service, and convenience they need to keep their operations running smoothly from open to close. They can choose from three types of checking accounts: Business Checking, Premier Business Checking, and Analyzed Business Checking. All packages come with the following features:

• Minimal Monthly Service Charges
• Conveniently Funding Options
• 1.75 percent rebate on fuel purchases
• Online Banking and Bill-Pay
• Mobile Banking
• Mastercard Debit Cards

[b]About TAB Bank[/b]

TAB Bank opened its doors to the public in 1998. The company has been working persistently to help individuals capitalize on opportunities, turn ideas into action, build businesses, and seize a piece of the American Dream. Moreover, it loves playing a role in the success of clients, as it believes that banking is about relationships, not transactions.

Log on to [b]https://www.tabbank.com[/b] for more details.
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Contact Email [email protected]
Issued By Flavia McCain
Website TAB Bank
Country United States
Categories Business
Tags banking , business , finance
Last Updated March 2, 2018