Bookkeeping

Tax Write Offs & Deductions Explained Intuit TurboTax Blog

  • July 31, 2024

If you are self-employed you may not know all of the different business deductions you are eligible for, but TurboTax Premium will search tax deductions specific to your industry. Learn more about writing off business expenses, land purchases, and business loans with frequently asked questions about tax write-offs. In addition to deductible current expenses that the business incurs on a regular basis, some capital expenses, real estate purchases, or investments can also be claimed. Some of these, like depreciation, are subject to different deduction rules than current expenses and may not be fully...

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How to Calculate Credit Card Payments and Costs

  • April 19, 2024

Someone who routinely maxes out their credit card will seem less financially responsible than someone who keeps a good portion of their available credit in reserve, just in case. If you use a credit card, you will receive credit card bills and will need to know how to pay them off. Our suite of security features can help you protect your info, money and give you peace of mind. See how we're dedicated to helping protect you, your accounts and your loved ones from financial abuse. Also, learn about the common tricks scammers are using to help you stay one step ahead of them. If you see unauthorized...

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Invoice Discounting vs Invoice Factoring: Difference with Examples

  • September 23, 2022

If the invoice discounter holds a reserve amount, the discounter will likely use it to cover part of the outstanding amount. However, the reserve amount is typically a portion of the invoice value and may not fully cover the loss. Lenders like AltLINE and Triumph Business Capital, on the other hand, offer invoice factoring. Adjusting to a new reality where invoice payment dates are unpredictable can be tough for any business. Obviously, going with a discounting invoice service means your overall profits will be reduced. If even one customer is late in paying a large value invoice, this can have...

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