Sentences with phrase «amount of business expenses»

Depending on the amount of business expenses you put on your card, the business credit card may be the better option because of the bonus miles you can earn.

«When you claim the GST / HST you paid on your business expenses as an input tax credit, reduce the amounts of the business expenses you show on Form T2125, Statement of Business or Professional Activities, by the amount of the input tax credit.

Not exact matches

The two most common financial oversights entrepreneurs make are underestimating how many of their everyday expenses are being subsidized by their business — medical and life insurance premiums, club memberships, vehicles, travel and entertainment costs, etc. — and overestimating the amount of after - tax investment income that can be generated from the proceeds of the sale.

Expenses can be divided into fixed (those that must be paid, usually at the same rate, regardless of the volume of business) and variable or semivariable (those which change according to the amount of business).

Using the regular method may be beneficial for a business owner with a larger home - office space and subsequent expenses because there's no limit to the amount of eligible square - footage.

For travel, the IRS also requires you to keep a written or electronic log, made near the time that you make the expenditure, recording the time, place, amount and business purpose of each expense.

For entertainment expenses, document: the amount of each separate expense; the date of the entertainment; the name, address, and type of entertainment; the business reason for the entertainment; and the name, title, and occupation of the people who you entertained.

If an entrepreneur charges a $ 1 million personal expense to a C - corp, it would lower the C - corp's taxable income by that amount, and deprive the Treasury of $ 300,000 that the business person should have paid by reporting the perk as personal income.

If you have net income — your business income less expenses — of at least $ 400, that amount is subject to the 15.3 percent self - employment tax.

The third category of spending is called variable expenses because items here usually change in real terms, or dollar amounts, as the level of business activity increases.

These risks and uncertainties include competition and other economic conditions including fragmentation of the media landscape and competition from other media alternatives; changes in advertising demand, circulation levels and audience shares; the Company's ability to develop and grow its online businesses; the Company's reliance on revenue from printing and distributing third - party publications; changes in newsprint prices; macroeconomic trends and conditions; the Company's ability to adapt to technological changes; the Company's ability to realize benefits or synergies from acquisitions or divestitures or to operate its businesses effectively following acquisitions or divestitures; the Company's success in implementing expense mitigation efforts; the Company's reliance on third - party vendors for various services; adverse results from litigation, governmental investigations or tax - related proceedings or audits; the Company's ability to attract and retain employees; the Company's ability to satisfy pension and other postretirement employee benefit obligations; changes in accounting standards; the effect of labor strikes, lockouts and labor negotiations; regulatory and judicial rulings; the Company's indebtedness and ability to comply with debt covenants applicable to its debt facilities; the Company's ability to satisfy future capital and liquidity requirements; the Company's ability to access the credit and capital markets at the times and in the amounts needed and on acceptable terms; and other events beyond the Company's control that may result in unexpected adverse operating results.

Revenue forecasting helps you budget business expenses early because you have a better idea of the total amount of money you have to budget each month.

We believe it is useful to exclude non-cash charges, such as depreciation and amortization and share - based compensation expenses, from our Adjusted EBITDA because the amount of such expenses in any specific period may not directly correlate to the underlying performance of our business operations.

The total amount of fees the Company paid F.W. Cook in 2007 was $ 111,207, which included the fees paid for services provided as the independent compensation consultant to the HRC and GNC, reimbursement of F.W. Cook's reasonable travel and business expenses, and a fee of less than $ 5,000 for a survey of long - term incentives which is used for benchmarking for other positions throughout Wells Fargo.

Also, when claiming business expenses, if you received any other rebate, grant, or assistance you would subtract the amount of that rebate, grant or assistance from the business expense to which it applied.

Forward - looking statements may include, among others, statements concerning our projected adjusted income (loss) from operations outlook for 2018, on both a consolidated and segment basis; projected total revenue growth and global medical customer growth, each over year end 2017; projected growth beyond 2018; projected medical care and operating expense ratios and medical cost trends; our projected consolidated adjusted tax rate; future financial or operating performance, including our ability to deliver personalized and innovative solutions for our customers and clients; future growth, business strategy, strategic or operational initiatives; economic, regulatory or competitive environments, particularly with respect to the pace and extent of change in these areas; financing or capital deployment plans and amounts available for future deployment; our prospects for growth in the coming years; the proposed merger (the «Merger») with Express Scripts Holding Company («Express Scripts») and other statements regarding Cigna's future beliefs, expectations, plans, intentions, financial condition or performance.

The total amount of fees the Company paid Cook & Co. in 2011 was $ 163,199, which included the fees paid for services provided as the independent compensation consultant to the HRC and GNC, reimbursement of Cook & Co.'s reasonable travel and business expenses, and a fee of less than $ 5,000 for a survey of long - term incentives which is used for benchmarking for other positions throughout the Company.

If we terminate Mr. Drexler's employment without cause or he terminates his employment with good reason, Mr. Drexler will be entitled to receive (i) a payment of his earned but unpaid annual base salary through the termination date, any accrued vacation pay and any un-reimbursed expenses, and (ii) subject to Mr. Drexler's execution of a valid general release and waiver of claims against us, as well as his compliance with the non-competition, non-solicitation and confidential information restrictions described below, (a) a payment equal to his annual base salary and target cash incentive award, one - half of such payment to be paid on the first business day that is six (6) months and one (1) day following the termination date and the remaining one - half of such payment to be paid in six equal monthly installments commencing on the first business day of the seventh calendar month following the termination date, (b) a payment equal to the product of (x) the last annual cash incentive award Mr. Drexler received prior to the termination date and (y) a fraction, the numerator of which is the number of days of service completed by Mr. Drexler in the year of termination and the denominator of which is 365, such amount to be paid on the first business day that is six (6) months and one (1) day following the termination date, and (c) the immediate vesting of such portion of unvested restricted shares and stock options as provided and pursuant to the terms of the relevant grant agreements under our 2003 Equity Incentive Plan.

According to the IRS, business interest expense is «an amount charged for the use of money you borrowed for business activities.»

In an effort to encourage investment, the Tax Cuts and Jobs Act proposes to let businesses fully deduct («expense») 100 percent of the cost of certain investments and increase the amount that small businesses can expense (Section 179).

A savvy business owner will properly allocate a healthy amount of money to this expense category.

To get an idea of the amount of the loan for your startup, review your projected expenses from your business plan.

Make sure you factor the price of labor and materials, as well as indirect expenses needed to operate the business, and the amount of money needed to make a profit.

You can change the way you write off your business expenses, and the amount of taxable income you show.

This is especially true for workers with non-trivial amounts of unreimbursed business expenses (although the amount of a worker's unreimbursed expenses may decline if the worker is classified as an employee because California Labor Code 2802 generally requires employers to reimburse significant business expenses of employees).

The new tax bill also allows for double the amount of equipment expensing that a small business can write off each plan year.

Cash Flow — The amount of money that's being transferred to and from a business as part of revenues and expenses.

Save as precluded by law, we will not be liable to you for any indirect or consequential loss, damage or expenses (including loss of profits, business or goodwill) howsoever arising out of any problem you notify to us under this condition and we shall have no liability to pay any money to you by way of compensation other than to refund to you the amount paid by you for the goods in question as above.

Doubles Existing Deductions for Start - up Costs for New Small Businesses: New start - ups typically face a number of substantial expenses in their first year they get off the ground, such as permits, consulting costs, expenses in finding clients and custoemrs and other needs, but are limited in the amount of expenses they can deduct that year on their taxes.

The development came as Lord Rennard, the former chief executive of the Liberal Democrats, was cleared of wrongdoing in relation to his expenses, and the Commons auditors offered Kenneth Clarke an «unreserved apology» after reducing the amount of expenses the shadow business secretary was being asked to repay by more than # 3,000.

When Amazon takes fees and the agreed upon amount of the sales as a fee, they are a business expense.

If a major part of your income is commission earnings, we will need to obtain copies of recent tax returns to verify the amount of business - related expenses, if any.

The maximum amount of equipment placed in service in 2010 through 2013 that businesses can expense was increased to $ 500,000.

The $ 500,000 maximum amount of equipment placed in service that businesses can expense and the annual investment limit of $ 2,000,000 remain in effect for 2011.

The Fund has no sales load (a charge for purchasing the fund), no soft - dollar arrangements (where fund managers receive research, data terminals and other benefits in return for paying higher commissions to brokers), no trailing fees (where funds pay brokerages an ongoing percentage of assets in order to bring business to the fund), and no 12b - 1 marketing fees (where shareholders pay an amount over and above management and operating expenses, so that funds can advertise and attract new shareholders).

Cash Flow: The total amount of money being transferred into and out of a business that is used to pay for day - to - day expenses.

The amount of the installment payments varies according to the business's income and expenses, and the amount of the taxes owed.

If a major part of your income is commission earnings, we may need to obtain copies of recent tax returns to verify the amount of business - related expenses, if any.

You can change the way you write off your business expenses, and the amount of taxable income you show.

Other than the amount of these expenses, your employees» business expenses must be substantiated (for example, the business purpose of the travel or the number of business miles driven).

Loan amount: $ 300,000 Estimate home value: $ 610,000 Property taxes & insurance: $ 390 / month Credit scores: over 780 Occupation: business owner Gross Income: $ 110,000 His dilemma was he deducts a lot of valid expenses from his business reducing his adjusted gross income (AGI) to around $ 55,000.

Unlike many business credit cards for travel, you don't need to spend money on travel related expenses to rack up the rewards with this card — you can earn a healthy amount of miles with everyday purchases.

If you are a landlord and have rental income from your home you may be able to deduct a portion of your insurance as a business expense but the deduction amount is based on the portion of your home that is used as rental property.

One of the best values of cash - flow statements is that they enable one to attempt to derive estimates of free cash flow (the amount of cash that a business generates in a year that is left over after it has paid all of its expenses, including capital expenditures to maintain its existing business).

The amount paid for some of the items, such as overseeing rental property transactions, was considered a business expense, but the housekeeping didn't «count.»

If the proceeds were used in a nonpassive trade or business activity, report the interest on Schedule E (Form 1040), line 28; enter «interest expense» and the name of the partnership or S corporation in column (a) and the amount in column (h).

Years ago, in a seminal decision, the Supreme Court of Canada summarized the four requirements that must be met for interest expense to be tax deductible: «(1) the amount must be paid in the year...; (2) the amount must be paid pursuant to a legal obligation to pay interest on borrowed money; (3) the borrowed money must be used for the purpose of earning non-exempt income from a business or property; and (4) the amount must be reasonable.»

The biggest includes a reduction in the top corporate rate to 21 %, a new 20 % deduction for incomes from certain type of «pass - through» entities (partnerships, S Corps, sole proprietorships), limits on expensing of interest from borrowing, almost doubling of the amount small businesses can expense from the 2017 Section 179 amount of $ 510,000 to $ 1,000,000, and eliminates the corporate alternative minimum tax (AMT).

I think he just has to show that his expenses for business use of the truck exceed his reimbursement, and then he is allowed to deduct the excess amount.

For any expenses, you must have excellent records, made at the time of the expense, to show that it was a business expense and the amount of the expense, in case of an audit.