Mixing business and personal finances is one of the most common — and costly — mistakes small business owners make. It might seem convenient at first, but it can lead to confusion, compliance risks, and tax troubles later on. Here’s why separation is key: ✅ Simpler bookkeeping:  You’ll know exactly what belongs to the business and what doesn’t. ✅ Easier tax filing:  No more sifting through personal expenses during tax season. ✅ Better financial insight:  You can clearly see h