CreditStrong for Business

AUGUST 30, 2024

If you don’t, the card issuer can report the default to both the commercial and consumer credit bureaus, and it can damage your business and personal credit scores. Even with a skilled tax professional, it can be challenging to do the math and maximize your deduction.

Credit Scoring 52

Credit Scoring Credit Card Companies Credit and Collections Deductions 52

Fundera

OCTOBER 16, 2015

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.

Small Businesses 102

Small Businesses Credit Scoring Deductions Default 102

Fundera

NOVEMBER 8, 2018

The IRS will allow the owner of a disregarded entity to report the business’s income, losses, credits, and deductions on their personal tax return. If your LLC has one owner only, then by default the IRS will tax your company as a disregarded entity unless you elect to have the business taxed as a corporation.

Deductions 59

Deductions Credit and Collections Default Transactions 59