Fundera

AUGUST 16, 2017

But here’s a general overview of each: A SEP-IRA is a tax-deductable plan much like a traditional IRA. For 2017 tax returns, you can contribute up to 25% of your pay or $54,000. In 2017, contributions cannot exceed $12,500. The business owner and employees can contribute up to $12,500 in 2017 and $15,500 for people 50 and older.

Small Businesses 101

Small Businesses Credit Scoring Deductions 101

Fundera

DECEMBER 12, 2018

Business owners with low credit scores exist on a very different plane from business owners with excellent credit. For purposes of this report, we considered creditworthy or “high-credit grade” business owners as those who qualified for SBA loans within the last year. What does that difference mean in real terms?

Credit Scoring 54

Credit Scoring Small Businesses Deductions 54

Fundera

OCTOBER 20, 2019

Also know that daycare centers can claim certain tax deductions , which can ease your annual financial burden. Set yourself up for success now by signing up for a business credit card and opening a business bank account , and be diligent about using both solely for your daycare’s finances. How much tuition you’ll charge.

Credit Scoring 65

Credit Scoring Deductions Small Businesses 65

Fundera

DECEMBER 22, 2018

Also know that daycare centers can claim certain tax deductions , which can ease your annual financial burden. . For more context, the average Microloan amount was $14,000 in 2017.) And with a healthy business credit score , you’re in a better position to secure business loans with great terms down the line.

Credit Scoring 40

Credit Scoring Deductions Small Businesses 40

Fundera

OCTOBER 7, 2018

If that’s the case with your sole proprietorship, don’t forget to deduct home business expenses and car expenses (if you drive your personally owned car for business purposes). Many sole props can take advantage of a 20% income tax deduction. One of the main provisions in the law is the Section 199A 20% tax deduction.

Deductions 80

Deductions Credit and Collections Credit Scoring Small Businesses 80