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Feb 01, 2023 6:22 am
Does my incorporated business pay for my personal vehicle gas, maintenance, insurance, business meals (only 50% write-off), and cell phones out of the business account or do I pay personally and then use receipts for write-off at the end of the year because these expenses are not usually 100 percent written off?
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Feb 06, 2023 7:23 pm
Hi Jill,
Pay for these expenses yourself and then have your company reimburse you on a monthly or quarterly basis for the business use portion of your expenses.