Fundera

DECEMBER 16, 2018

Business meals are only 50% deductible , and—starting for the 2018 tax year—entertainment expenses are not deductible at all. cents per mile (in 2018), the business mileage deduction can make a sizable impact on your tax liability.

Deductions 69

Deductions Electronic Funds Transfer Transactions 69

Fundera

OCTOBER 14, 2019

For example, business meals are only 50% deductible —and starting with the 2018 tax year, entertainment expenses are not deductible at all. 1099 requirements: If you paid one or more independent contractors at least $600 by check, cash, electronic funds transfer, or wire transfer during the course of the year, you must file 1099s for them.

Deductions 72

Deductions Electronic Funds Transfer Small Businesses Transactions 72

Fundera

DECEMBER 25, 2018

In 1971, Ohio-based Fifth Third Bank formed Midwest Payment Systems to provide electronic funds transfer (EFT) services to financial institutions. in early 2018, following the acquisition of Worldpay Group PLC. Midwest Payment Systems would later become Fifth Third Processing Solutions, then Vantiv Inc.,

Small Businesses 40

Small Businesses Electronic Funds Transfer Credit Card Payments Credit and Collections 40