Amazon Business Account

Amazon BusinessAmazon Business Accounts are a smart way to save a lot of money and pain when it comes to the end of the year taxes. Owning a small business is challenging enough. But if you already have an Amazon Prime account you can get the immediate benefits of Prime when you create a new Amazon Business Account.

Amazon allows you to have two accounts using the single Prime membership. So you can now separate business purchases from personal purchases.

I found myself having to answer a lot of questions to my accountant when I was using a single account. With the business account, you keep everything separate and you avoid having issues when it comes to making sure that what you purchased was a business expense or not.

Amazon gives you the ability to do an export of every item you purchased allowing you to reconcile your books. They also allow you to assign a separate credit card. In my case, I applied my business credit card to the business account and removed it from my personal account to avoid anyone accidentally using it for a non-business expense.

Use Prime to save yourself a lot of money. As a reminder, if you pay for Prime with your personal account, you cannot apply that as a business deduction if you are using it as well for business. Check with your accountant for rules on that deduction.

Signing up for an Amazon Business Account provides Geek News Central with a small one-time referral bonus.