I had recently opened a new business, but I was not sure how to file for expense deductions for taxes. Do I bring my credit card bills? Or how would I present my expenses to my accountant?
You also need the invoices. the fact you spent money is not enough to show what it's for.
You are actually supposed to bring individual receipts for each expense. A credit card statement does not have enough information to determine if the expense is one for which you are allowed a deduction.
Do I bring my business credit card bills to my accountant when filing for expense deductions?
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