Make sure your business credit card is a ‘travel points’ card, and not a ‘cash back’ card!
- You can use your business travel points for a personal vacation; tax free!
- But if you get ‘cash back’ on your business credit card, then the cash back is taxable income!
Put Simply: Use cash-back credit cards only for your personal purchases and use travel rewards for your business purchases.
https://www.referyourchasecard.com/226j/9YGIYCNIWA
#TaxTips #SmallBusiness #TravelPoints #RoyceCPA #TucsonBusiness