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Provision Business Services LLC

A Professional Bookkeeping Firm

Located in Albuquerque, Serving all of New Mexico

505-269-3783

How to Post Medical Expenses to Your Books

How to Post Medical Expenses to Your Books

Medical expenses are a tax deduction, but not a business deduction.  What does that mean?  Something I see frequently is business owners paying for their personal medical expenses or their family’s medical expenses with business funds.  The thinking is that...
Separating personal and business funds

Separating personal and business funds

Most business owners understand the importance of being a corporation, whether it’s an LLC, S-Corp, or C-Corp.  Forming a corporation makes your business a separate legal entity – separate from you the individual owner or individual partner or individual...