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If you own a small business, you are probably used to separating your business and personal finances. A personal guarantee is an agreement an owner or executive makes to pay back a debt if the ...
You may be able to get a corporate credit card without a personal guarantee. In other words, your business is liable for all of the credit card debt. In some cases, corporate credit cards don’t ...
Business credit cards. Corporate credit cards. Who’s liable? The business owner usually signs a personal guarantee, making themself liable for all debt (including any debt charged by employee ...
The Canada Revenue Agency ( CRA; French: Agence du revenu du Canada; ARC) is the revenue service of the Canadian federal government, and most provincial and territorial governments. The CRA collects taxes, administers tax law and policy, and delivers benefit programs and tax credits. [4] Legislation administered by the CRA includes the Income ...
A personal balance sheet lists the values of personal assets (e.g., car, house, clothes, stocks, bank account, cryptocurrencies), along with personal liabilities (e.g., credit card debt, bank loan, mortgage). A personal income statement lists personal income and expenses. Goal setting: Multiple goals are expected, including short- and long-term ...
The card is used to make payments to federal benefit recipients who do not have a bank account. Tax refunds are exempt from the electronic payments requirement. Many U.S. states send tax refunds in the form of prepaid debit cards to people who do not have bank accounts. New Zealand
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When choosing between a business credit card and a personal credit card, consider your means of income as well as your financial needs and spending habits. Business credit cards can simplify ...