| business best practices, business expenses, IRS Code 162A, Ordinary and necessary, planning, tax planning
💬 I Have a Quick Question… I Paid a Bill with My Business Credit Card — That Means It’s a Business Expense, Right? 🤔💳
Great question — and one I have been discussing with my clients and prospective clients more and more lately; spoiler alert: Not necessarily! Many small business owners and medical professionals assume that if they pay for something with their business credit card, or via their business checking account it automatically counts as a business deduction. Unfortunately, the IRS doesn’t see it that way. Let’s clear this up 👇 🚫 Paying… Read more