Question
I have an llc and still learning the benfits of having it when it comes to taxes etc.. I'm still using my SS and personal name for clients checks to send me. However, I want to pay for some stuff that contributes to my business products with my money. How do I go about that? I have a business account- can I write that off?
Answer
keep personal accounting and business accounting seperate because there may betax benefits if you claim some expenses, you may claim some deductions based on your local tax law.
