You should have a checking account for your business and possibly a savings account to keep your sales tax collected separate from checking account. While it is not imperative to have a savings account for your sales tax money you do need to make sure it does not get spent and you have it available when the tax is due. Sales taxes collected are due quarterly or annually depending on your state/type of business you have set up. Most of us supplement, at least in the beginning our businesses with personal money- whether to buy product to sell as is or to make items from or possibly to pay the sales taxes if that money has been spent. Do keep good records-more on that soon. .
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