Fundera

SEPTEMBER 15, 2020

Plus, for certain types of tax deductions, such as home office deductions for business, your chances of an IRS audit decrease if you have an EIN. “If Personal office deductions have a tendency to bring on IRS audits. Why not make your case before you have to?”. Prevent Identity Theft.

Deductions 130

Deductions Small Businesses Bankruptcy Credit Scoring 130

Fundera

SEPTEMBER 11, 2018

Plus, for certain types of tax deductions, such as home office deductions for business, your chances of an IRS audit decrease if you have an EIN. “If Personal office deductions have a tendency to bring on IRS audits. If you forget to do that, the IRS might not accept your filing, and you could face penalties for a late return.

Deductions 100

Deductions Bankruptcy Credit Scoring Small Businesses 100

Fundera

FEBRUARY 15, 2016

During the summer of 2011, Mark Piantedosi hired his teenage son Michael to work for his landscaping company. Here’s the rundown on possible tax advantages that might be available to you and your child: Hiring your child under the age of 18 to work for your company is deductible as a business expense—up to $6,300 in wages.

Deductions 76

Deductions 76

Fundera

JULY 4, 2019

The income, losses, credits, and deductions of the business flow through to each owner’s personal tax return, and the profits are taxed at each owner’s personal income tax rate. business income in 2011, up from 21% in 1980. The business owner can deduct $20,000 from their taxable income, only paying taxes on the remaining $80,000.

Deductions 67

Deductions Default Small Businesses 67

Fundera

JUNE 16, 2018

. …But Rewards Can Limit Your Business’s Tax Deductions. As a small business owner, you’re probably already aware that you’re eligible to claim tax deductions for eligible business expenses. You have to reduce deductions on business expenses by the value of any cash back or reward points that you receive.

Deductions 75

Deductions Credit Card Companies Transactions Small Businesses 75

Fundera

OCTOBER 24, 2019

Since 2011, Amazon has offered financing solutions for small business owners through their Amazon Lending program. Unlike typical small business loans, however, the repayment is out of your hands—Amazon will automatically deduct the payment from your Amazon Seller Account. Fixed Deductions From Your Amazon Seller Account.

Credit and Collections 73

Credit and Collections Deductions Small Businesses Credit Scoring 73

Fundera

MAY 31, 2017

In 2011, American Express launched their small business financing program, offering working capital to small business owners who need more funds than what they can get from their business credit cards. In both instances, American Express will take automatic deductions to collect the financing. Loan Repayment. Automatic payments.

Small Businesses 55

Small Businesses Credit and Collections Deductions Transactions 55