You'll need to sign in or create an account to connect with an expert.
When you pay a business expense by credit card, the business expense is considered paid on the day of purchase. In your case, the small supplies can be claimed when you purchase them.
.
If you use your credit card only for your business, any interest is also deductible.
yes when you put them on your credit card. if you card is used only for business purposes all the interest is deductible. if not then post back.
When you pay a business expense by credit card, the business expense is considered paid on the day of purchase. In your case, the small supplies can be claimed when you purchase them.
.
If you use your credit card only for your business, any interest is also deductible.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
Rhkjr
Returning Member
stacey9554
Level 2
tomreustle
New Member
bpriest5
New Member
denisegvw
Level 1