The article provides an answer to a question of which person can claim the interest payment deduction of mortgage loan.Business Owner
Your car might save you a bundle come tax day, especially if you drive as part of your work. Knowing all of the auto-related deductions can ensure that your automobile is working as hard for you as you are for your paycheck.
If you paid a daycare center, babysitter, summer camp, or other care provider to care for a qualifying child under age 13 or a disabled dependent of any age, you may qualify for a tax credit on your 2024 or 2025 taxes of up to 35% of: up to $3,000 o...
Using a personal credit card for business expenses can make it harder to deduct eligible purchases from your income. If you get audited, you could face fines or other penalties. If you stick with a dedicated business credit card, you'll be able to automate key reporting processes. Many ...
At CanDo Payments, we believe that every business owner deserves the best in payment and EPOS solutions. That's why we offer a range of cutting-edge products and services that are tailored to your specific needs. Whether you're looking for a simple, streamlined card payment solution or a ...
If you intend to deduct processing fees from servers’ tips, be sure to adhere to all portions of the FLSA and any applicable state or local laws. Calculating the Deduction Another factor when taking processing fees from gratuities is the complexity of pricing. Credit card processors often charge...
Learning the difference in rules between contributing to a traditional versus a Roth IRA pays off in the long run. Though there are no limits on income for contributing to a traditional IRA, there are limits on how much of your contributions you can deduct from your taxable income. Contributio...
If you're a sole trader, you can deduct expenses to reduce your tax bill. Find out what costs qualify and how to claim.
Because your retirement could be years—even decades—in the future, you need to put money into investments that will generate interest, paydividends(or cash payments), and grow in value so they can be sold later for a profit. That is, they probably should fall into the broad category of...
You don't need to be an expert to complete your self assessment tax return. Find Out More What expenses can’t landlords claim for? Landlords cannot claim mortgage capital repayments as an allowable expense. And although previously landlords could deduct mortgage interest and other finance costs...