January 09th, 2016

TAX TIP OF THE DAY... deduct business credit card costs

1) Deduct credit card CHARGES for work or business expenses.  Use the charge date, not the payment date.  
2) Deduct INTEREST expense - allowed for business owners, but not allowed for employees.  
3) Deduct ANNUAL FEES

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If you need any help... www.baboiancpa.com