All Questions
Tagged with small-business credit-card
18
questions
1
vote
2
answers
157
views
Fees associated with credit card payments for small businesses
I once went to a deli in Boston, and when I attempted to pay with a credit card, they said that the process will cost them almost 10% of the entire sale. This was curious to me since I had always ...
21
votes
11
answers
7k
views
Why can't my LLC get a credit card when the owner has credit history and a good credit score?
I've started an LLC (US-based) and have an EIN that I'm bootstrapping myself and self-funding. All my addresses and details are registered in the US. I'm the sole employee, but have zero revenue as it ...
- 319
2
votes
1
answer
79
views
I'm traveling and need the info on my future business card
I'm about to open a business account, but all providers seem to provide physical credit cards for their business account. At the moment I won't be able to physically present myself at the place of ...
- 195
0
votes
4
answers
377
views
Is this method of getting free money viable and consistent with law?
A lot of credit cards these days give you an interest free period, say 24 months. They also allow you to transfer debt for a small fee, let's say 4%. This means if you keep the moving the debt around, ...
- 109
2
votes
2
answers
312
views
Loaning money to your small business by billing yourself and paying with personal credit card?
Can you loan money to your own small business by billing yourself and making a payment to it with your personal credit card? How would the accounting work on that? The business isn't actually billing ...
- 121
45
votes
10
answers
21k
views
I won USD 50K! Now what should I do with it?
I won a sweepstakes and will be getting USD 50k...it is verified that it is legitimate although no taxes have been taken out so I will have to claim this income on my taxes next year, they will send a ...
- 460
1
vote
1
answer
130
views
Schedule C: Determine credit card interests expenses, line 16
How does one calculate credit card interest for schedule C, line 16?
My wife has a home business and uses a credit card for the business. My understanding is that because we are using the cash ...
- 173
0
votes
0
answers
105
views
Creating a separate entity for bank transactions
So you have your personal bank account. But I'm wondering if you can then create a separate bank account of some kind, either a business bank account or another personal one, and have the name on it ...
- 585
0
votes
1
answer
441
views
Transferring personal debt from startup costs and operations to a corporation
For a long time, I've been a one person startup, and have just bundled all business costs - presenting at conferences/travel, office rent, hardware equipment purchases, etc., to my personal account. ...
- 360
3
votes
1
answer
124
views
How to handle end of year inventory when I purchased with credit card?
I purchase products from my manufacturer and have them shipped to Amazon's FBA (Fulfilled by Amazon) warehouses. Amazon then sells the products and sends me a check. Although I own the inventory, it ...
1
vote
1
answer
89
views
Can you claim a loss on your taxes from business credit?
Say someone applies for and gets a business credit card for any amount of money.
The purpose of this is to distinguish the money spent between "regular" use and "business" use (i.e., paid services, ...
user51808
3
votes
1
answer
241
views
Using cash back rewards from business credit card
Are there any tax constraint I should be aware of when using cash back rewards from a business credit card (a C-Corporation with just 1 person, me)? Would taxes go through directly to me for using the ...
- 360
0
votes
0
answers
92
views
Home Office Rent Expense Payment via C-Corp
I am a 1 person incorporated C-Corp software development company. (Although, I currently usually do not use the C-corp for most checks and contracts which just go straight to me as an individual.)
...
- 360
6
votes
4
answers
93k
views
Do Square credit card readers allow for personal use?
Prompted by this question, I began looking for evidence that the Square credit card reader could be used for personal transactions (transactions outside of a business context).
Users of Square must ...
- 24.7k
14
votes
5
answers
42k
views
Deductible expenses paid with credit card: In which tax year would they fall?
If I paid my business expenses with a credit card during the month of December, which year can I deduct them from my taxes? 2011 (when the purchase was made) or 2012 (when I paid off the credit card)?
...
- 178k