expenses Archives - Business Advisory Solutions

Can A Business Owner Use Business Money For Personal Use?

In general, a business owner shouldn't use business funds for personal use without proper documentation and legal considerations. Here's why... Legal and Tax Implications - Mixing personal and business funds can have legal…

November 8, 2023

accounting, expenses

What Is It Called When I Pay Myself From My LLC?

When a business owner pays themselves from their Limited Liability Company (LLC), the term used to describe this process can vary depending on the context and the business structure. Here are common…

September 1, 2023

expenses

How Should Expenses Be Split?

The way expenses should be split among individuals or entities depends on the specific arrangement, agreements, and circumstances. Expenses can be divided in various ways, and the method chosen often depends on…

July 11, 2023

business management, expenses

How Do You Split Expenses With A Business Partner?

Splitting expenses with a business partner can be a straightforward process if you establish clear guidelines and maintain open communication. Here are steps to help you split expenses with a business partner:…

July 6, 2023

business management, expenses

What Are The Two Categories Expenses Are Mainly Divided Into?

Expenses are typically categorized into two main categories: Operating Expenses (OPEX): Operating expenses are the day-to-day costs associated with running a business. These expenses are necessary for a company's regular operations and…

July 5, 2023

business strategy, expenses, personal finances

What Happens If You Mix Personal And Business Expenses?

Mixing personal and business expenses can lead to a variety of problems and complications, both financially and legally. Here are some of the potential consequences and issues that may arise when personal…

June 29, 2023

business management, expenses

How Do I Write Off A Car As A Business Expense?

Writing off a car as a business expense involves several steps and considerations, and the specific rules can vary by country and tax jurisdiction. To properly deduct the costs of a car…

June 28, 2023

business strategy, expenses

What Can You Not Write Off As A Business Expense?

While the specific rules regarding what you can and cannot write off as a business expense can vary by country and can be subject to changes in tax laws, there are some…

June 26, 2023

expenses, taxes

Do Business Expenses Reduce Personal Taxes?

Business expenses can potentially reduce personal taxes, but it depends on several factors, including the type of business entity, the nature of the expenses, and how they are treated for tax purposes.…

May 9, 2023

expenses

What Is The Way To Split Expenses?

Splitting expenses can be done in various ways, depending on the nature of the expenses, the number of parties involved, and the specific agreement or arrangement among the parties. Here are several…

May 5, 2023

News & Advice

Can A Business Owner Use Business Money For Personal Use?

What Is It Called When I Pay Myself From My LLC?

How Should Expenses Be Split?

How Do You Split Expenses With A Business Partner?

What Are The Two Categories Expenses Are Mainly Divided Into?

What Happens If You Mix Personal And Business Expenses?

How Do I Write Off A Car As A Business Expense?

What Can You Not Write Off As A Business Expense?

Do Business Expenses Reduce Personal Taxes?

What Is The Way To Split Expenses?

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