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One of the biggest business-owner misconceptions: ❌ Business card = deductible ❌ Personal card = not deductible Neither is how it works. The real question is: What was the expense actually for? A legitimate business expense doesn’t suddenly become personal just because you accidentally used your personal card. And your groceries don’t suddenly become a business expense because you swiped the business Amex. 🛒😂 Business purpose + proper documentation matter. Keeping separate business finances makes your accounting MUCH cleaner, but the card itself doesn’t determine whether something qualifies as a deduction. That’s the tea. ☕️ #alohafridaycpa #deductions101
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