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If you are deducting business expenses it is same whether they are on credit or cash or check. Deduct them with written records of who, what, when, where and why, the same as any other business expense. There must be a valid business reason for the expense. If you charge it in 2008 and don't pay until 2009, it goes in 2008. - HR Block preparer
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When can you deduct expenses paid by credit card?
Presuming it is a deductible expense, they are reportable when paid by the credit card, or any other method.
Can you deduct a donation your business made as a business expense if you promote it as part of your marketing?
I own a marketing company and gave away a couple of videos to promote my new business. Can I deduct what I would have charged for those videos?
Need 1500 computer system for your small office now buy on credit card hope to deduct as 2010 expense by paying credit card off in 2010 because you have little income left to deduct 1500 in 2009?
you meant you want to buy an eqipment in 2009 but want to deduct as 2010 expense Is that workable in tax laws How to go about doing it
Can you deduct accounting fees paid for someone else?
You would not be able to justify a deduction that was not an expense for your business. Without more information this is the best answer I can give you.
Keep Track of Business Expenses?
If you are filing a 1099, the best thing you can do is keep thorough track of all your business expenses. There are many cases in which a business owner or independent freelancer will be able to deduct certain business expenses from personal income. If you do not take the time to keep track of business expenses, then you may end up paying unnecessary funds toward these expenses in filing your taxes. A typical expense that business owners are able to deduct from income is a laptop computer. It is definitely worthwhile to figure out which expenses you can deduct from your income.
Can you deduct life insurance as a business expense?
Not likely.
Deduct Your Laptop Computer Expense?
Are you a blogger at home? Do you run a hair business at home? Whatever the case, you may be able to deduct the expense of a laptop computer for your personal business. Do not forget to deduct the expense of a laptop computer when filing your taxes. A laptop computer can offer a great opportunity for potential savings on your taxes. Bloggers are able to deduct the expense of a laptop, because a majority of their income comes from their creating blog posts through a laptop computer. A hair stylist may also deduct the expense of a laptop computer if she uses it so make hair appointments.
When can you deduct expenses paid by credit card?
Presuming it is a deductible expense, they are reportable when paid by the credit card, or any other method.
Can you deduct a donation your business made as a business expense if you promote it as part of your marketing?
I own a marketing company and gave away a couple of videos to promote my new business. Can I deduct what I would have charged for those videos?
Need 1500 computer system for your small office now buy on credit card hope to deduct as 2010 expense by paying credit card off in 2010 because you have little income left to deduct 1500 in 2009?
you meant you want to buy an eqipment in 2009 but want to deduct as 2010 expense Is that workable in tax laws How to go about doing it
Can you deduct stock website membership fees?
Yes, you can deduct them either as an itemized deduction if you are filing a personal return, or if you are treating it as a business you can deduct them as an itemized deduction. The problem is that's not very fun because most people typically take the standard deduction. Maybe you were considering offering business advice, and as such the subscriptions are an expense. So, you could deduct them on a Schedule C. Generally I write mine off as a business expense because I have a business which deals with investments, because if they go as an Itemized Deduction I lose them at some point.
Can you deduct cable on tax return?
not unless you can write it off as a business expense, i however doubt that would be a correct statement of why you have cable
What percent of health insurance premiums can business deduct as business expense?
about 10-20% because of the off and on differences the health has. the 401(k) would most likely benefit from this.
Can you deduct accounting fees paid for someone else?
You would not be able to justify a deduction that was not an expense for your business. Without more information this is the best answer I can give you.
How is the net delivered cost of purchases computed?
To calculate the net delivered cost of purchase, one would add purchases and freight in and then deduct purchase returns & allowances and then deduct purchase discounts.
Can you deduct private mortgage insurance?
PMI is not a deductible expense.
Can you claim home rent when home business?
Depending on the type of home business you are operating (for example, daycare) it is possible to claim the rent as part of your business expense. If only part of your home is utilized to conduct business (for example, home office), then you can deduct a certain square footage of your home as a business expense. You may wish to seek the advice of a professional.
