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World's richest five men double wealth since 2020 (www.dw.com)

submitted 8 months ago by [email protected] to c/[email protected]

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[–] [email protected] -1 points 8 months ago (2 children)

Yeah, I guess that's how modern corporations are using profits.

I come from a small business and charity background, so salaries/wages/employee benefits would be considered a business expense. Profits would be banked and used to cover expenses in the future.

[–] [email protected] 5 points 8 months ago

It's different on a small scale because the line between "business expenses" and "personal expenses" can sometimes get blurred. Though technically, if the money is earmarked for future use then it is definitely not profit. That's a business expense.