Business
Consider a Business Line of Credit Instead of Personal Loans for Construction
Small business owners should separate business from personal expenses. Using a business line of credit to pay for personal expenses should be avoided. It can raise a red flag for the IRS to audit business and personal tax returns.
By Kyle Hartranft
July 7, 2021
Topics
Business
by Kyle Hartranft
Kyle Hartranft, CPA, is a manager with McCarthy & Company, PC. He provides accounting and assurance services to the firm’s construction clients. Kyle can be contacted at (610) 828-1900 or Kyle.Hartranft@McCarthy.CPA.
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