Remove 2002 Remove Deductions Remove Small Businesses
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7 Safe Investments with Relatively High Returns for 2023

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Source: TreasuryDirect.com Interest on the bonds is tax deductible on your federal income taxes. However, most small businesses don’t operate this way. If you’re a business owner, now might be the perfect time to think more like a startup and plan your expansion. Though the investment of principle isn’t.)

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Are Credit Card Reward Taxable – The Dark Side of Taxes

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However, miles you earn from government or business travel may technically be counted as income. The IRS issued some guidelines in 2002, but there are several details to figure out before they can be implemented. If you had paid a percentage of the flight fare using cash, you could have deducted the amount as a business expense.

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Do You Owe the IRS for Rewards Points and Cash Back? The Answer Could Be Yes

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That’s obviously a huge number, and one that’s increasing over time as banks and credit card companies offer more enticing benefits to businesses and consumers. 67% of small business owners use a business credit card , and most of them earn rewards on purchases. …But Rewards Can Limit Your Business’s Tax Deductions.

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What Is a Qualified Joint Venture?

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The creation of the qualified joint venture option is considered a “common-sense” change to help taxpayers accurately report business income and eliminate unnecessary paperwork. In 2002, before the qualified joint venture option was created, 2.1

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Mixing Equity and Debt: The Lesser-Known Key to Airbnb, Uber, and Sweetgreen’s Explosive Growth

Fundera

Given low interest rates, the tax deductibility of debt and our low debt to enterprise value, financing growth through the debt market is currently more efficient than issuing equity. Netflix and other big startups tend to use debt financing later in their business’s history. Stable, Predictable Business Model.