S sclark46 New member Nov 3, 2009 #1 Im just getting this business started and I was wondering how personal vs business taxes work. Like, If i open an expense account in the business and use that money to buy personal things. Is that income? Or is that not taxes personally? thanks!
Im just getting this business started and I was wondering how personal vs business taxes work. Like, If i open an expense account in the business and use that money to buy personal things. Is that income? Or is that not taxes personally? thanks!
C Cal New member Nov 3, 2009 #2 yes you always have to pay tax for any kind of business or else it'd be tax evasion
