1. Business Owners: How To Keep Your Books Ready For The IRS [ Date Added: August 16, 2006 - Words: 773 ] As a business owner, you should deposit all business receipts in a separate bank account. If possible, you should also make all disbursements by check. In regard to all business entities, with the exception of corporations, a disbursement from the business account is not necessary to qualify the expenditure as a business expense.
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