I'm an independent software developer and I do business under my real name. As such, I'm not a DBA, nor am I incorporated. Since I'm not filed as a business anywhere, it's difficult for me to open a business account with any bank because they want me to be filed in some way. I'm a very new entrepreneur and I'm still learning a lot that I never needed to know before. The only reason I really wanted a business account that's separate from my personal account is to keep my finances organized for tax purposes.
My question is, what are the benefits of having a business account if I work alone and do business under my real name? Does it even benefit me to have one at all or will a separate personal account suffice?
Also, one of the representatives at one of the banks told me that having a business account allows you to wave some $4000.00 tax fee at tax time. She wasn't very clear on what it was, so I'm not too sure she knows what she's talking about. Does anyone know what she's talking about?
Thanks so much in advance for your wisdom!