Using business debit card for food purchases on the road.

Is it a bad idea to use your business debit card to buy food on the road or should I use my personal debit card? What can you use your business debit card for?

 

Buisness money is for buisness expenses

If you are claiming per diem on taxes, using and reporting food via buisness as travel expense is double dipping

If a sole proprietership, i wouldnt get too hung up on it but maybe just pay yourself to personal acct and use that? Otherwise whats the point of having set up a buisness account in the first place when you are just going to use it as if its your personal?

 

Not sure why it would matter.

 

personally i'd keep the 2 accounts separated.

one is for business, and should be kept that way.

you might start to lose control of your spending by mixing the 2.

business debit for fuel, tires, repairs, etc....for the BUSINESS.

my 2¢...from my personal account....lol

 

Because the irs will look at the claims and see duplicates for the transactions and will deny all of it.

keep it separate and keep records.

 

All trucking income goes into business account. Weekly driver salary (me) get automatically transferred on Fridays, and that's what runs the house. Legally, there's precedence for giving employees a "bonus" from my LLC, but that should be fairly infrequent.

 

I am interested go on.

 

Go on about what? If there were more to say on it, I'd have said it. Lol

 

10/4