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To: ottbmare

It’s his company. He can use the company credit card if he wants to.

No you can’t. If that were the case then owners could spend millions and millions a month with nothing to worry about. People go to jail for stuff like that.


9 posted on 11/20/2011 7:45:30 AM PST by napscoordinator
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To: napscoordinator

That depends entirely on the legal structure of the company. For instance, I have great discretion about the way I spend money in the company I set up. Businesses often spend (and deduct) a great deal of money on entertaining the employees for purposes of morale- and team-building; they may have all sorts of assistance programs for education, commuting costs, mental health counseling, a gym, travel and food expenses, even decorating the office. Note that in one of the first lines of the article the boss says, “She’s a good investment.” This was not just an act of compassion but an act of excellent business sense, for as I note, it costs a lot to have employee productivity drop due to personal issues, and it costs even more to replace her.


11 posted on 11/20/2011 7:51:55 AM PST by ottbmare (off-the-track Thoroughbred mare)
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To: napscoordinator

How he accounts for it, could be questioned, but nowhere can I find where this illegal. Can you show examples of where this is illegal ?


16 posted on 11/20/2011 7:59:56 AM PST by stylin19a (obama - "FREDO" smart)
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To: napscoordinator

This guy has a company with 50 employees. He has an accountant and has likely talked to him. There is nothing wrong with using a company credit card for a personal expense if the company does not deduct it and applies the costs to the income of the card holder.


20 posted on 11/20/2011 8:16:22 AM PST by isthisnickcool (Sharia? No thanks.)
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