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Should you Pay your Personal Expenses from your Business?

Should you Pay your Personal Expenses from your Business?

AUTHOR: APRIL WHEELER - CPA, CGA

Do you ever use your business bank account or credit card to pay personal expenses? Perhaps you are out doing errands for your business and pick up personal items at the same time. Rather than asking the sales clerk to process two transactions, you charge all the items to your business credit card. Is this Ok? Yes, but it’s a bad idea!

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