Fundera

MARCH 31, 2017

The amount of estimated tax payments you make throughout the year is deducted from your total liability when you file your tax return. Excise tax: I f your business engages in certain types of industries or sells certain types of products or services, you might be responsible for excise taxes on these transactions and activities.

Small Businesses 75

Small Businesses Deductions Transactions 75

Fundera

JUNE 23, 2017

Quickbooks Self-Employed was made specifically for self-employed folks to easily track business expenses and help them save money by finding Schedule C deductions when tax time rolls around. Reviewing Transactions. If you click Review Now at the top of the homepage, it will take you to your Transactions report. .

Deductions 62

Deductions Transactions Small Businesses 62

Fundera

MARCH 30, 2018

Step 2: Don’t forget those non-cash transactions! It’s easy to identify transactions you’ve made in your business when they’ve been paid using a business checking account or credit card account. Make sure that you’ve recorded these types of transactions on your books, too! Hence the name “cash basis.”)

Small Businesses 76

Small Businesses Deductions Credit and Collections Transactions 76

Fundera

JUNE 16, 2018

In 2017, for example, American Express, Capital One, and Discover doled out a combined $12.9 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.

Deductions 75

Deductions Credit Card Companies Transactions Small Businesses 75

Fundera

JULY 1, 2018

Although most people see payroll as a transactional affair—payment for a job performed—it’s actually more important that that. According to Work Institute’s 2017 Retention Report , turnover can cost as much as 33% of a worker’s annual salary. Think payroll is just about paying your workers?

Deductions 68

Deductions Transactions 68

Fundera

AUGUST 1, 2018

Over the past decade, 2017 set a record for most venture capital invested globally in a single year. Sweetgreen was one of the first restaurant chains to go fully cashless in 2017 , emphasizing pre-orders and efficiency. Equity financing is also at a historical high in terms of money invested. For example.

Credit and Collections 111

Credit and Collections Small Businesses Deductions Default 111

Fundera

DECEMBER 13, 2019

With an EIN, these businesses can collect and pay employees separate from the filer’s social security number, but as a sole proprietor, you have the option to use your SSN just like you would for any other financial transaction that requires it. . Fewer Business Fees.

Credit and Collections 71

Credit and Collections Deductions Transactions Small Businesses 71