Question
Business bank account opened late in year
My business opened in late 2020 but I did not open a business bank account or get a business credit card till July of 2021. Up until July I used a personal credit card for purchases, and only used that card for business purposes only (all transactions on it are for business only). Up until July I set aside one of my personal bank accounts to only perform business transactions (paying credit card and other business purchases).
Will this be a problem when filing taxes?
Do I need to report that I used different cards and bank accounts?
I appreciate you answering this question for me!
