Remove Deductions Remove Small Businesses Remove Transactions
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Are Credit Card Fees Tax Deductible for Businesses?

CreditStrong for Business

Credit cards are powerful tools, and almost 70% of small businesses use them each month. 1 Understandably so, as they can help facilitate sales and purchases, separate personal and business funds, and build your business credit scores. Are Credit Card Fees Tax Deductible for Businesses?

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Are Your Commercial Credit Files Secure

Your Virtual Credit Manager

Even so, banking details, supplier references, transaction records, and other non-public insights that may be collected should not be shared beyond the credit function. Learn More About Credit Reports Please share this newsletter with your small business customers. it just might help them collect faster and pay you sooner.

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7 Hidden Costs of Running a Small Business

Due

For most prospective small business owners, many of the costs of running a business are clear from the beginning of the process. As a business grows and shows steady increases in its revenue and transactions, business owners should continually check if they’re getting the best deal possible.

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Sales Commissions Impact the Collection Process

Your Virtual Credit Manager

Photo by Alex Radelich on Unsplash When small businesses add customers and increase sales, their company’s Accounts Receivable (AR) will grow. It is important to keep in mind that trade credit — selling on terms in a B2B environment — is greatly affected by the transactional process.

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Eight Signs a Customer Is Becoming a Problem Debtor

Your Virtual Credit Manager

If a customer regularly pays late, constantly takes payment deductions, generates a high return volume, or constantly raises disputes, your net profits will be negatively affected. Please feel free to share this newsletter with your small business customers. A high volume of payment deductions will cause profit dilution.

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The Definitive List of 35 Home Business Tax Deductions

Fundera

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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The Ultimate Small Business Tax Preparation Checklist

Fundera

Following is the ultimate small business tax preparation checklist. If you use your personal vehicle for business, deducting the standard mileage rate on your tax return is usually more beneficial than paying for actual vehicle expenses throughout the year. Preparing for tax season doesn’t have to be daunting.