SHOULD SMALL-BUSINESS OWNERS GET COMPANY CREDIT CARDS?
Nearly every financial tool can be beneficial if you use it right. (If it’s always detrimental, it’s probably illegal!) Although some business owners can be hesitant to get a company credit card, there are big advantages to doing so. Here’s what you should consider before getting a credit card for your business. PRO: KEEPYOUR PERSONAL AND BUSINESS EXPENSES SEPARATE. Whether your small business is a main or side hustle, you might find yourself accidentally using your personal credit or debit card for expenses. Make your tax season much easier by separating your expenses automatically by using completely separate cards. It’ll make it much easier for bookkeepers to reconcile your business spending. PRO: HAVE IMMEDIATE, SHORT-TERM SPENDING FLEXIBILITY. When unexpected expenses come up, it can be extremely stressful — but you won’t have to stress anymore by using your company’s credit as an emergency resource. PRO: RECEIVE UNIQUE REWARDS AND PERKS NOT AVAILABLETO CONSUMERS. There are plenty of credit cards with tremendous reward packages designed for small businesses. As a small business, if you charge a
significant (and payable) amount to your credit card, the rewards you receive back can be substantial, including cash with cash-back programs. If you travel frequently, you can also get business credit cards specifically for travel rewards. CON: YOU MAY RISK GETTINGTOO MANY CARDS. With a team of 50 employees or more, getting two or three business credit cards for different expenses might make a lot of sense. But if you’re using too many credit cards to pay for all your company bills and suppliers, it’s quite financially risky. Make sure you’re able to scrutinize your monthly statements across the board. CON: YOU MAY SPEND MORETHANYOU CAN AFFORD. As always with credit cards, using them responsibly (instead of impulsively or in a risky manner) is important for financial success. Make sure your company cards are always in good hands.
Credit cards for your business can offer huge benefits — and with a little care, you can enjoy those benefits right away! Thanks for reading, and we’ll catch you next month.
SUDOKU
EASY FOIL-GRILLED SAUSAGE AND VEGETABLES
Inspired by NutmegNanny.com
INGREDIENTS
4 sausage links of your choice
3 tbsp olive oil
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2 cloves garlic, grated
1 lb green beans
1 tbsp thyme 1 tsp oregano
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1 red bell pepper, diced 1 yellow bell pepper, diced
1 tsp basil 1 tsp salt
1 red onion, diced 1 zucchini, diced
1 tsp crushed red pepper (optional)
1 yellow summer squash, diced
DIRECTIONS
1. Preheat your grill to medium heat or your oven to 425 F. 2. In a large bowl, add all of the ingredients and mix well. Divide into four equal portions. 3. Prepare four 16-inch pieces of foil and place a portion in the middle of each section. Wrap each foil piece tightly and avoid holes. 4. Grill each foil packet for 20 minutes, flipping halfway through. You can also bake each packet for 20 minutes at 425 F.
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