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Accountants at Raleigh event urge small businesses to use accounting software, track 1099s and plan estimated taxes
Summary
Eisner Amper presenters told business owners to separate business and personal finances, use appropriate accounting tools, comply with 1099 and sales‑tax rules and plan estimated tax payments to avoid penalties.
Julie Dillon, a CPA at Eisner Amper, told the City of Raleigh session that one of the most common problems small businesses face is commingling personal and business finances. “Make sure that you set up a business bank account,” she said. “Get a separate debit card and a separate credit card for business.”
Dillon recommended QuickBooks or other accounting packages and noted free options for very small operations. She advised business owners to reconcile bank and loan accounts…
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