Believe it or not, your clients still want to write checks (and you might even want checks, considering the costs of processing credit card payments and the potential for chargebacks ). You’re most likely used to depositing checks made out to you personally, but what about enterprise checks? The strategy of endorsing will not be much totally different – you may just add a couple of steps as a result of the examine is payable to your corporation.
Claiming many questionable deductions. One of the most commonly abused deductions that will get individuals in hassle is the Home Office Deduction Learn the foundations and use it correctly. Don’t get me improper. I am all for claiming every deduction to which you’re entitled. Just watch out to say your deductions appropriately. Was that household trip to Santa Barbara really business associated? If so, be sure you only claim the journey-related expenses … Read more