Have a Tax Question? Ask a Tax Expert
Hello and thanks for trusting me to help you today. I am a tax adviser with over 15 years of experience.You can use your personal credit cards and still deduct the expense but it is generally best if you separate your personal and business. The tracking of the expenses would be easier on you.
Just make sure that you have adequate records for the expenses.
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In regards XXXXX XXXXX Are credit card statements enough?
Also what are a list of general things I can claim? Meals?
You should retain the reciepts themselves as well.
Meals are subject to are you away from home over night or are these business meals that you are spending on clients?
Then you would be allowed those, one as entertainment the other as travel expenses.
ok great thank you!