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Resolving Disputes and Payment Deductions Quickly Preserves Profits

Your Virtual Credit Manager

Disputes and payment deductions can raise havoc with your revenue, profit and cash flow. They sap your revenue, one small drip at a time. With disputes and deductions, however, you are being asked to accept less money than you billed, not to mention any resolution costs involved trying to recover the lost revenue.

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Overcoming the Challenges Caused by Disputes and Deductions

Your Virtual Credit Manager

Disputes and Deductions occur when a customer believes an order has not been satisfactorily fulfilled, or it has been invoiced incorrectly. Deductions occur when a customer pays an invoice less than the full amount (short payment) with no intention of ever making up the balance. The good news is your customer has sent you a payment.

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Common Tax Deductions and Credits for Small Business

incfile

To get ready to file your business taxes , you’ll want to take note of the common tax deductions and credits in this list. If you find some that apply to your business, be sure to collect the necessary paperwork and submit it on your business taxes or hand it off to your accounting service.

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Small Business Taxes: The Complete Guide

Fundera

Many entrepreneurs feel overwhelmed by the thought of filing their small business taxes. If that’s how you feel, we don’t blame you since there’s a lot that goes into preparing your business for tax day. Here’s your step-by-step guide to everything you need to know about small business taxes.

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Why Are There Two Ways to Claim Home Office Deductions?

Fundera

In the case of home office deductions, the Internal Revenue Service agrees—which is why you can use a simplified or regular method (Form 8829) to file home office deductions. But if you’ve got a bigger office, you could get a larger deduction using the regular method. Choice is a good thing. The Simplified Method.

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Small Business Tax Rates: A Guide For Small Businesses

Lendio

Minimizing Your Business Tax Burden When trying to minimize your business tax burden, it’s important to work with a tax professional to ensure that you are taking appropriate deductions and correctly following tax regulations. Tax planning is also an important part of managing a small business.

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Small Business Tax Deductions

truly financial

O rganizing your expenses at tax time can feel like one of the most complex and frustrating parts of being a small business owner. You have to sort out which expenses are considered tax-deductible for your business’ income, and follow the proper methods for claiming them. These are tax-deductible.