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Is it illegal to use a business credit card for personal expenses? [Yahoo! Finance]
Last american express company earnings: 4/24 07:00 am
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US:NYSE Investor Relations: ir.americanexpress.com
Consequences can include the closure of your account, personal liability, tax implications, more complicated bookkeeping and a negative impact on your personal and business credit. If you accidentally charge a personal expense to your business card, notify relevant parties and flag the charge so it's not included in your business accounting. Business credit cards are great tools for dealing with all of the ongoing expenses involved in running a business: supplies to purchase, vendors to pay and operational costs to handle. Sometimes, in the hustle of trying to take care of things, the lines between your business life and your personal life can become blurred. So, what happens if you take care of some personal shopping on your business credit card? Putting your personal purchases on your business credit card technically isn't illegal. But making personal purchases on a business credit card likely violates the terms and conditions of your card agreement, which can come with ser
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