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. Your chances of identity theft are higher if you regularly use your SSN to transact business instead of an EIN.

Deductions 100

Deductions Bankruptcy Credit Scoring Small Businesses 100

Fundera

JUNE 16, 2018

The IRS’s position is that these transaction-related benefits are “rebates” or “discounts,” not taxable income. The key to whether a reward is a rebate or discount, rather than taxable income, is whether a transaction is involved. …But Rewards Can Limit Your Business’s Tax Deductions.

Deductions 75

Deductions Credit Card Companies Transactions Small Businesses 75

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. Once repayment and transaction fees are processed, the rest of the transaction amount gets routed to you.

Small Businesses 55

Small Businesses Credit and Collections Deductions Transactions 55