Business Credit Cards and Personal Credit Cards

If you are in business, or even if you work for someone and are reimbursed for your expenses, it’s important to understand the role of business credit cards and personal credit cards. They are two very different things and should be only be used for what they are meant for. Business expert Phillip Thow lays out the following different uses of business credit cards for improve credit.

If you work for a company such as an LLC and have are reimbursed for your expenses, the difference between business credit cards and personal credit cards is that your employer is responsible to pay you back whatever you charged to your personal card and you will have to keep good records. They will also get the tax benefits from the expenses charged to your personal card. You, however, do not. If you have a company credit card, you do not get reimbursed, and thus do not have to worry about getting paid back or keeping records. Having a business credit card in this situation is better for you as an individual according to the advice of Phillip Thow.

If you own your own business and have both business credit cards and personal credit cards, the scenario is a bit different. You may claim all business expenses from both cards, but be careful and don’t double dip! The IRS won’t like it much! Business owners should really keep all business expenses on their company card and avoid using personal credit cards for business related expenses, unless it is absolutely necessary. If you have just started a business, it may be that you have to use your personal credit card for a while until you build up business credit. Just remember this bit of advice from Phillip Thow, be sure to keep good records and always remember to pay yourself back promptly. Phillip Thow says to pay yourself just like you would a regular vendor.

It is important to be well disciplined in keeping business credit cards and personal credit cards working the way they should. It’s easy to start intertwining the two, causing problems for you and your accountant, or bookkeeper. Time is money and the less time spent de-tangling your business credit cards and personal credit cards, the better! Keep all this together and according to expert Phillip Thow, you are on your way to great business and personal success.

When you are looking for a doctor to take care of you and your family, beyond the skill, technology and chairside manner, you want a doctor you can trust. Dr. Richard Van Gurp understands that trust is something that is earned and doesn't come easy, which is why he and his staff are willing to go to great lengths to earn it.

Start Your LLC Today

It isn't impossible to start your own business. Starting a limited liability company is easier than you think. If you don't have any business experience it might be a good idea to take some courses at a local college. Online classes are also very popular. Once you have some skills and an idea you can get started.

To start with you may operate as a sole proprietorship or a partnership. It is easier to set up a sole proprietorship. However, you could be missing out on some of the benefits of owning your own business.

You could be missing out on more tax benefits, limited personal liability and more. Speak with us today to discuss your business and we can help you determine the best course of action for setting up your company.

We care about our clients and offer world class service. Customer service is the most important service we offer. We have the experience you need. We can discuss which entity would best benefit you.

Other companies may take a cookie cutter approach to deciding what you should do with your company. They won't take the time to get to know the needs of your business and don't have your best interest in mind. We pride ourselves in offering personalized service. Work one on one with us to have the best outcome for you and your business.

When you're purchasing a new or used vehicle, even from us at Interstate Mitsubishi, it's a good idea to know what to look for before you buy. Although our Interstate Mitsubishi service department personally inspects every single vehicle that we sell, we encourage you as a consumer to be informed so that you can feel more confident about your purchase. Here are some of the things that our service department at Interstate Mitsubishi looks for when we're checking out a new or used car.

• If we're looking at a used car, we always check to make sure there are no leaks anywhere. Leaks are never a good thing. In our service department at Interstate Mitsubishi, this is one of the first things we look for in a used vehicle.
• Our service and maintenance department at Interstate Mitsubishi also is meticulous to check out the tires on any used vehicles that we are going to sell. Tires should wear evenly and should always have a good deal of the original tread still on them.
• Whether you're looking at a new vehicle or a used vehicle, always listen to the engine. Our highly trained team of service associates here at Interstate Mitsubishi can often tell what is wrong with a car simply by the sounds the engine makes. While most non-professionals can't do this, if the engine sounds funny, get it checked out.
• One of the most obvious things to look for when purchasing a vehicle is the condition of the body. Our service team makes sure to bring you quality vehicles that look like quality vehicles.