Forum Discussion
2 Replies
- Shella_AMYOB Moderator
Hi Lisapapa1173,
Thanks for your post. It's not explicitly stated whether you can claim an interest charge and annual fee as expenses for a personal credit card used for business. However, generally, if these expenses are directly related to the running of your business, they may be considered business expenses. It's important to note that the rules can vary depending on specific circumstances and tax laws. Therefore, I would recommend consulting with your accounting advisor for a more specific guide about this.
Please feel free to post again anytime you require further assistance.
Otherwise, if my response has answered your inquiry, please click "Accept as Solution" to help other users find this information.
Kind regards,
Shella - DuncanSUltimate Partner
Lisa,
You may need to apportion if the Credit Card also used personally.
Duncan