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Do You Use Company Money/Assets?

Your company is a separate legal entity from you as a director or shareholder. The money your business earns and its assets belong to the company.

This means it’s important to keep appropriate records and correctly report transactions if you use company money or assets.


https://www.ato.gov.au/Newsroom/smallbusiness/General/Do-you-use-company-money-or-assets-/?sbnews20210317

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