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This is what I've done. I use one of my personal credit cards only for business purchases. It has no annual fee and so far I've successfully paid it off each month, thus avoiding finance charges. However, if I did have to pay finance charges, I'd deduct them.

I do have a separate checking account for my business, and pay the credit card bill and other business expenses from this account. Simplifies recordkeeping.

Do keep good records -- charge slips, receipts, statements etc. with notes about the business purchases.
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