accrual accounting, Tax, tax return and Transportation

Business Expenses and Tax Deductions: Indinero’s Ultimate Guide

inDinero Tax Tips

JUNE 24, 2023

Business tax deductions – three words that can cause stress and confusion for even the most seasoned entrepreneurs. It’s no wonder that tracking and claiming tax-deductible business expenses falls by the wayside. In general, the IRS has this to say: “To be deductible, a business expense must be both ordinary and necessary.

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Getting Paid 101: Accounts Payable and Accounts Receivable

xendoo

JUNE 11, 2022

However, typical categories of accounts payable include: . Transportation and logistics. To record accounts payable, here are a few examples. Debts past due dates (with several months) might translate to bad debts, which you should remove from accounts receivable and record as an expense. . Cash vs. Accrual Accounting.

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Business Expenses and Tax Deductions: Indinero’s Ultimate Guide

Getting Paid 101: Accounts Payable and Accounts Receivable

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