Lendio

APRIL 21, 2023

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.

Small Businesses 96

Small Businesses Deductions Credit and Collections 96

Fundera

OCTOBER 26, 2019

21 Small Business Tax Deductions. Business property rent. Business entertainment. For small business owners, there are few sweeter phrases than “small business tax deductions.” What Is a Small Business Tax Deduction? Inventory costs. Auto expenses.

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Deductions Small Businesses Bad Debt Credit Sales 64

Fundera

SEPTEMBER 30, 2016

In most cases, business owners just aren’t aware of the many small business tax deductions out there. In other cases, they just aren’t keeping detailed records of their business expenses or don’t want to spend the time and effort itemizing expenses and crunching numbers. Buying and selling inventory. Advertising.

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Deductions Small Businesses 88

Lendio

AUGUST 23, 2024

Okay, so you have bad credit or little credit history and you’re trying to open a business credit card account for your small business… Plenty of successful business owners have launched their companies with bad credit. Consumer protections: Certain consumer protection laws don’t apply to small business credit cards.

Small Businesses 98

Small Businesses Credit Scoring Deductions 98

Due

SEPTEMBER 30, 2023

For most prospective small business owners, many of the costs of running a business are clear from the beginning of the process. Even if the equipment is owned, simply planning around these inevitable issues and subsequent costs puts small business owners in a much better position when it comes to unexpected equipment costs.

Small Businesses 119

Small Businesses Transactions Deductions Credit Scoring 119

Lendio

FEBRUARY 28, 2024

It’s time to close the funding gap and open more women-owned small businesses. As of 2020, there were more than 13 million women-owned businesses (including sole proprietorships and employer firms). Women can start any small business they want—including full-time or side businesses, franchises , and home-based businesses.

Small Businesses 98

Small Businesses Cybersecurity Deductions 98

Fundera

DECEMBER 25, 2018

Small business owners need all the help they can get when it comes to tax deductions. If you’re like most entrepreneurs, you log every expense all year long as a way to maximize your deductions. But, you may be overlooking an important deduction that you contribute to nearly every day— the miles you drive.

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Deductions Small Businesses 62

Lendio

MAY 23, 2023

When it comes to taxes for small businesses, the questions often come fast and furious. Every small business has unique financial details, so there are no universal answers. Understand Your Business Tax Rate Your business tax rate depends on the type of business you have. How much money will I owe?

Small Businesses 52

Small Businesses Deductions Credit and Collections Bad Debt 52

Lendio

JANUARY 16, 2023

When it comes to taxes for small businesses , the questions often come fast and furious. Every small business has unique financial details, so there are no universal answers. For small business owners, filing tax returns can be a painful experience,” writes a small business tax expert for Forbe s.

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Small Businesses Deductions 52

Fundera

MARCH 13, 2020

Qualified Business Income Deduction. The qualified business income (QBI) deduction allows eligible small business owners to deduct up to 20% of their qualified business income from their taxable income. One way to do this is to take advantage of tax deductions to lower your taxable income.

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Due

MAY 10, 2023

Did you know that over 50% of small businesses fail in the first five years? In most cases, a lack of financial freedom is the main reason these businesses fail. Small business owners face various challenges in managing their finances, from bookkeeping and accounting to tax compliance and cash flow management.

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Small Businesses Deductions 113

Fundera

MAY 30, 2019

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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Small Businesses Deductions Credit and Collections 100

Lendio

NOVEMBER 1, 2023

There are many different kinds of small business loans, making it essential to do your research before beginning any application process. The 11 most popular types of small business loans The following information covers the common routes entrepreneurs take to get the capital they need.

Small Businesses 98

Small Businesses Credit Scoring Credit and Collections Default 98

CreditStrong for Business

JULY 29, 2024

If your credit scores aren’t in good shape, it can be challenging to get access to financing for your small business. Fortunately, there are commercial lenders that offer small business loans with no credit check, and in some cases, it can be what you need to keep your business afloat.

Small Businesses 52

Small Businesses Credit Scoring Credit and Collections Invoice Amount 52

Fundera

MARCH 11, 2020

And then, there are freelancer tax deductions that you can take. What can you deduct and where do you deduct it? This guide walks you through some of the deductions you might qualify for, why they’re so valuable, and some tips for how to keep track of them. . What Are Freelancer Tax Deductions?

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Deductions Small Businesses 52

GoCardless

JUNE 24, 2021

Is your business claiming all of the tax deductions it should be?

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Deductions Small Businesses 40

Due

JUNE 4, 2024

Small businesses can offer a 401(k) plan or match contributions to spur savings. Some businesses turn to alternatives such as payroll deduction for IRA, where employees can allocate a certain amount of their check directly into their savings. However, small businesses running a retirement plan must comply with ERISA.

Small Businesses 52

Small Businesses Deductions Default 52

Eagle Business Credit

OCTOBER 16, 2023

Starting a small business can be an exciting venture filled with dreams of success and profitability. In this article, we will explore the essential relationship between working capital and profit, breaking down complex financial concepts into digestible bites for small business owners.

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Small Businesses Credit and Collections Invoice Collections Invoice Amount 98

Fundera

APRIL 27, 2020

IRS Section 179 Deduction. The Section 179 deduction allows businesses to deduct the entire amount of an asset in the year it was purchased, rather than deducting a smaller amount over a number of years with the depreciation method. Under standard accounting rules, you’d use depreciation to take your deduction.

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Deductions Small Businesses 40

Lendio

OCTOBER 26, 2023

Business cash advance A business cash advance refers to a type of financing you can use to borrow against future revenue that your business will earn. With a business cash advance, a lender provides you money up front and takes repayment via an automatic deduction of a percentage of your business’s future sales.

Small Businesses 97

Small Businesses Credit Scoring Credit and Collections Default 97

Lendio

APRIL 20, 2023

Likewise, taxes can seem like a curse to business owners, adding pressure to the already slim margins of a small business. Small businesses of all types pay an estimated average effective tax rate of 19.8%,” says tax expert Jean Murray. Every relevant deduction reduces your taxable income so you will owe less.

Small Businesses 52

Small Businesses Deductions 52

Credibly

JULY 31, 2024

Table of Contents Small business loans vs. small business financing: What’s the difference? Securing a small business loan has probably crossed your mind. Small business loans vs. small business financing: What’s the difference? It doesn’t have to be so baffling.

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Credit Scoring Small Businesses Credit Unions Default 78

incfile

FEBRUARY 13, 2023

For most small business owners, this time is all about finding ways to save money and maximize deductions. It’s almost tax time! It can all be a bit overwhelming, even if you’re savvy with numbers.

Small Businesses 52

Small Businesses Deductions 52

Fundera

DECEMBER 2, 2017

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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Deductions Small Businesses 94

Fundera

MAY 14, 2020

IRS Form 8829 is one of two ways to claim a home office deduction on your business taxes. Only self-employed people are eligible to claim this deduction. If your business qualifies for the home office deduction, you’ll file Form 8829 with your Schedule C, profit or loss from business. IRS Form 8829.

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Deductions Small Businesses 52

Lendio

MARCH 31, 2023

Tax season can be stressful for accountants and small business owners. We will take a look at what you, as a small business owner, need to provide to your accountant for your business tax returns. They also include information on any deductions or contributions made to retirement plans or other employee benefits.

Small Businesses 52

Small Businesses Deductions Transactions 52

Lendio

JANUARY 25, 2023

Running a small business comes with many challenges and responsibilities. Yet one of your most important duties as a small business owner is managing your company’s finances. Small Business Administration (SBA), 82% of failed small businesses go under due to cash flow problems.

Small Businesses 52

Small Businesses Credit Scoring Deductions Credit Application 52

Fundera

FEBRUARY 13, 2017

Tax season is upon us—a time that can strike fear in the hearts of small business owners everywhere. But while there’s a wealth of information out there about tax deductions for business owners in general, when you run your business out of your home, it can be far more challenging to understand how some of those policies apply.

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Deductions Bad Debt Credit and Collections Small Businesses 85

Your Virtual Credit Manager

SEPTEMBER 10, 2024

High Deduction Volumes: Consumer goods manufacturers and distributors, and in particular those selling to chain stores, often incur high volumes of payment deductions. Investigating and resolving deductions alone is much too costly. Learn More About Credit Reports Please share this newsletter with your small business customers.

Credit and Collections 130

Credit and Collections DSO Deductions Accounts Receivable (AR) 130

Lendio

DECEMBER 7, 2023

Running a small business often requires making savvy decisions about acquiring necessary equipment without overspending. One popular strategy among small business owners is equipment leasing, which allows you to use high-quality equipment without the financial burden of buying it outright. Benefits of equipment leasing.

Small Businesses 52

Small Businesses Credit Scoring Deductions 52

Your Virtual Credit Manager

OCTOBER 2, 2024

Learn More About Consulting Readers of Your Virtual Credit Manager can access sharply discounted business credit reports from D&B, Experian, or Equifax through our partner accredit. Learn More About Credit Reports Please share this newsletter with your small business customers.

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Past Due Invoices Credit and Collections Deductions Accounts Receivable (AR) 130

Fundera

OCTOBER 21, 2018

What Is a Home Office Deduction? Business owners who regularly operate their businesses in their home can deduct some of their expenses and save money on their taxes , granted they keep careful records and meet the IRS’s requirements. Can You Claim Home Office Deductions? Principal Place of Business.

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Deductions Small Businesses 75

Lendio

MARCH 14, 2023

But will business owners face higher tax bills this year, too? Says small business accountant James Kauffman , whether you’re a business or an individual, it’s adding up to a lot of the same. Most of the credits from the pandemic have expired,” Kauffmann indicates—and that goes for business owners, too.

Small Businesses 52

Small Businesses Deductions 52

Fundera

JANUARY 7, 2019

Running your own small business comes with its own financial hurdles. More often than not, your business credit card ends up being your best bet to keep the ship floating. But that also means you’re likely to come up against business credit card fees, which can add up. Understanding How Business Credit Card Fees Work.

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Deductions Credit and Collections Credit Card Payments Credit Card Companies 50

Fundera

JUNE 11, 2018

If you’re a small business owner who’s taken out a loan to grow your business, you’re probably worried about paying off your business loan —especially with the interest on top. We have some good news for you: the interest on your business loan is tax deductible as a business expense. Well, mostly.

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Deductions Small Businesses 65

Lendio

JANUARY 24, 2023

It’s understandable that many small business owners would likely choose to make more money. Be Efficient in Your Mailing You could also partner with 1 or more other small businesses to send mail together. Regardless of where you’re working, there are plenty of other relevant tax deductions and credits.

Small Businesses 52

Small Businesses Deductions 52

Fundera

FEBRUARY 23, 2019

Top 11 Small Business Accounting Tips. Separate business and personal expenses. Track every business expense. There are no shortage of details to consider when you’re a small business owner. To keep moving toward your long-term goals and improve profits, follow these proven small business accounting tips.

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Small Businesses Deductions 111