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Kabbage Vs. OnDeck: Which is Best for Your Small Business?

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Fixed weekly payments are automatically deducted from your business bank account, along with a $20 monthly fee. Since it launched in 2009, Kabbage has financed over $1 billion in small business loans to more than 100,000 small businesses. Once money is drawn from the credit line, it must be repaid within six months. Short-term loans.

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Is Your Gift Card Expired? Make the Most of Your Gift Cards by Knowing the Law

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Thanks to t he 2009 CARD Act , gift cards last at least five years from the date of issue. All gift cards are expected to expire at least five years after activation according to the Credit Card Act of 2009. Inactivity fees can only be deducted once a month. What is the shelf life of gift cards?

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Inflation’s Impact on Retirement Savings

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This has been pretty consistent over the past couple of decades, barring 2009. Inflation in 2009 was sitting in negative territory, with sources citing around -0.40%. in 2009 is worth $1.87 times higher than average prices back in 2009. times higher than average prices back in 2009. today in 2023.

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2023 Tax Tips From a Retired Tax Accountant

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Your recruiter would use the W-4 form to determine how much they deducted from your paycheck. This tax form states the estimated tax deductions and the filing status. Increase contributions to your retirement account Why not make the most of tax deduction opportunities by contributing to your retirement account?

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The Pros and Cons of Using a Business Credit Card for Personal Expenses

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The most widely cited disadvantage of this practice is the fact that business credit cards are not protected by the Credit Card Act of 2009, which put in place strict controls on credit card terms and conditions designed to protect consumers. Separating expenses matters for tax liability.

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What Is a Disregarded Entity and How Does It Affect Your Taxes?

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These rules changed in 2009 to prevent owners of disregarded entities from withholding and paying employment taxes at the owner level. . Despite this, you can apply your self-employment taxes as a deduction toward your personal reported income, though at a 50%-57% cap. The LLC itself is responsible for employee and excise taxes. .

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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. Real business expenses like advertising and inventory are tax deductible, so any new business cost that you take on will lighten your tax burden. I-Bonds US government-backed bonds are about as safe as it gets.