I've been using my personal CC for Adwords to charge but I want to switch over to a business account to keep my business stuff separate from my personal purchases. Is there any major difference between personal and business accounts? Also, anyone know of any good offers in the U.S.?
Get a business CC quickly and quit using your own money to pay for business advertising. Go to your bank and find out what the difference is between a personal and business account there is not much difference. Business income - tax - spending money that was taxed on advertising = Waste
Yes,i'm one of them have keep my personal CC from business. I start doing this after my personal CFP advised me to do so due to the many benefit for example easy to manage and report for taxes.
I use my Paypal CC to keep the separation, plus they have a great money market rate and cashback on CC purchases.
It's considered good business practices to keep your personal accounts separate from your business accounts. At minimum, that means having a separate credit card and checking account. Of course, if your business is relatively new and/or low earning, it's not that big of a deal. But it's super easy to setup and should be something you ultimately do.
In Rhode Island and Massachusetts, anyway, you have to get a business permit from the town to get a business bank account. This does not mean that you have to incorporate or anything like that, but you must be registered as a business with the local community. Of course, if you have a retailers permit or anything like that, you are well ahead of that curve, anyway.
Oh, I forgot to answer the question: I have a business card for each of my businesses (the successful ones, anyway.)
Your accountant should be able to help you with this. It would probably save you time (money) when deducting business expenses, etc. Now is a good of a time as any though to get your business a credit rating. The easiest to get is Staples - they usually will give new businesses a credit line.