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Yes. The business could account for the payment in several ways. The business could set up a receivable from the student who could then re-pay the loan over a longer term. Or the business could treat the payments as compensation to the student which would be taxable income to the student. Or, the business could treat the payments as an employee benefit expense under a tuition re-imbursement plan.
What else can I help you with?
What has the author Justin Gooderl Longenecker written?
Justin Gooderl Longenecker has written: 'Small business management' -- subject(s): Accessible book, Management, Small business 'Student learning guide small-business management' 'Student learning guide [to accompany] small-business management' 'Small business management, student supplement'
What should the equity be for a small business?
Raising money through equity investors allows you to use your cash to pay business startup expenses rather than large loan payments.
Is it true are false When a small business needs help collecting delinquent payments they should turn to the IRS for assistance?
is this true or false, When a small business needs help collecting delinquent payments, they should turn to the IRS for assistance.
How can a small business benefit from implementing a card reader system?
A small business can benefit from implementing a card reader system by increasing sales through accepting card payments, improving customer convenience, reducing the risk of fraud, and streamlining the payment process.
Can a small business turn to the IRS when in need for help of collecting delinquent payments?
TESTING
Sample of income and expenditure accounts small business?
Some examples of income and subscription payments. An example of expenditures include lease payments and payroll. Income and expenses varies depending on the type of business.
Should a small business turned to the IRS for collecting delinquent payments?
No. The IRS doesn't do that. It is up to you to collect.
How Can I File My Business Taxes?
You need to login to your small business online bank account and then click payments after which click on the last link named pay business taxes.
What Are The Benefits Of SBA Financing For My Small Business Enterprise?
SBA loans provide longer terms which indicate lower payments that allow you to hold more working capital for your small business enterprise.
Where can one purchase some small business telephone systems?
Small business telephone systems can be purchased through att and through sprint. Both have business and cell phone plans specifically for small businesses.
Where can one find a Microsoft Small Business Server?
You can purchase a Microsoft Small Business Server online through the Microsoft website. You can also purchase a small business server through the computer company Dell.
How can a small business start taking card payments?
A small business can start taking card payments by setting up a merchant account with a payment processor, choosing a card reader or payment terminal, and integrating it with their point-of-sale system or website. They can also consider using mobile payment apps or online payment gateways for accepting card payments.
