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NEW YORK (AP) - Patricia Harris says it was bad planning that prompted her husband to pay his business taxes with a credit card. He is hardly alone.
"It is happening more to micro- and small-business owners because they don't always have the foresight to plan a year in advance," said Harris, the executive director and chief executive of The Edge Connection, a business center at the Coles College of Business at Kennesaw State University in Georgia.
Small businesses are having a love affair with credit cards, and paying tax on plastic is the latest phase. It's a worrisome trend, according to some, though credit card companies and some analysts say the practice helps owners better control cash flow. Cards loom ever larger in the world of small business, partly because the rise of credit scoring has made it harder to get bank loans.
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