Talking Cents

Reasons you need a business credit card - by your small business accountant in Sydney

When you first start up your business, the first accounting move that should be made is getting a business credit card. If you speak to any small business accountant in Sydney, you will be advised to keep your personal and business funds separate.

If used responsibly, a small business credit card will allow for you to invest appropriately while getting a range of other benefits too. Here are some reasons from our small business accountants as to why sole-proprietorships need a credit card:

• Separate your business and personal expenses
• Allows for financial flexibility
• They offer business benefits and advantages over a personal loan cards
• Your small business earns rewards
• Allows for you to build a better credit history for future larger investments

In today’s economy, many people are taking the leap to work for themselves and starting their own enterprises. This type of work is a high risk, high reward situation – and our business accountants in Sydney recommend business credit cards to help you through the process.

Feel free to get in contact with our small business accountants in Sydney if you have any questions or you can check out our services here.