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How your business credit card can put you at risk!

November 10, 2015

Sure. A business credit card is a tremendous convenience.

With it you can pay for travel, entertainment, vehicle expenses, and much more.

But watch out! If you’re not documenting those business expenses the right way, the IRS might come calling.

Want to avoid an audit and stay out of trouble?

Read my new article titled Tax Tips: Danger with Business Credit Card

Three ways our fact-filled article can help you:

  1. You’ll learn how to substantiate expenses the right way. If you think that all you have to do is save your credit card statements, you could be in big trouble. You see, as far as the IRS knows, you could have spent the money on anything rather than on a tax-deductible business expense. We’ll explain the risks you face when you read the full article.
  2. We’ll tell you how to provide proof that will stand up to an IRS audit. There are two things you’ll need to show your friendly IRS agents when they call you in for a pleasant chat. We’ll give you all the information you need when you read the full article.
  3. We’ll show you how to avoid stiff tax penalties. There are three important rules you have to follow. Ignore them at your peril! We’ll explain them in easy-to-understand language when you read the full article.

Filed Under: Audits, Choice of entity, Corporations, Employees, Fringe Benefits, Receipts, Records, Tax Planning

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