proper bookkeeping

Hidden Dangers of Mixing Business and Personal Expenses

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mixing business and personal expenses ledger, bookkeeping mistakes with personal charges, business owner reviewing clean expense records

It might feel harmless to swipe your business card for something personal—or vice versa—but mixing business and personal expenses in your ledger is one of the fastest ways to create chaos in your books and raise red flags with the IRS. From lost deductions to potential audits, the risks aren’t worth the convenience. How Mixing … Read more