The Internal Revenue Service has warned taxpayers that personal expenses for general health and wellness are not considered medical expenses under the tax law. Personal expenses aren’t deductible or ...

GASB on Wednesday issued a proposed concepts statement addressing recognition of financial statement elements as well as a call for feedback on preliminary views on revenue and expense recognition ...

Technically speaking, a personal credit card can be used for business expenses, and many small business owners do. But that doesn't necessarily mean they should. ‍While there's no law preventing ...

You shouldn't use a business loan for personal purposes. It violates your loan agreement and can have negative consequences for your company. Many, or all, of the products featured on this page are ...

The Financial Accounting Standards Board released an accounting standards update Monday to improve financial reporting by requiring public companies to disclose, in their interim and annual reporting ...

As a small business owner, you typically need to spend money to make money. The upside? You can deduct qualifying business expenses on your taxes to lower your overall tax liability. But how do ...

Can you use a personal credit card for business expenses? Overhead view of wallet with multiple credit cards spilling out against a pink backdrop. Technically speaking, a personal credit card can be ...