Commingling Funds: How to Address the Problem and Avoid It in the Future
inDinero Tax Tips
JUNE 12, 2023
One of the most common problems for startup founders is the commingling of funds: when you pay for personal transactions from a business account, or visa versa. You’ll reimburse yourself if you’ve used personal accounts to pay for business expenses. This process will result in taxable income to the shareholder.
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