Sentences with phrase «claimed as a business expense»

Often, getting your personal life out of your business starts with deductions — what you can claim as a business expense, and what you can't.

It's tax season — time to ponder that annual conundrum: How much of my vehicle usage can I claim as a business expense?

My recommendation is to always save, or track, any items you think you might even want to claim as a business expense.

This non-deductible percentage pertains to the amount that can not be claimed as a business expense by BA members on their... More

# Amount Invested for Business Purpose: If the loan amount is invested for the purpose of any business, then the interested paid can be claimed as a business expense.

And when I explained that I never left the city boundaries to do business I got called up short: «why did you buy gas and claim it as business expense, then, at a station near Yorkdale Shopping Mall?

Not exact matches

Important factors that could cause actual results to differ materially from those reflected in such forward - looking statements and that should be considered in evaluating our outlook include, but are not limited to, the following: 1) our ability to continue to grow our business and execute our growth strategy, including the timing, execution, and profitability of new and maturing programs; 2) our ability to perform our obligations under our new and maturing commercial, business aircraft, and military development programs, and the related recurring production; 3) our ability to accurately estimate and manage performance, cost, and revenue under our contracts, including our ability to achieve certain cost reductions with respect to the B787 program; 4) margin pressures and the potential for additional forward losses on new and maturing programs; 5) our ability to accommodate, and the cost of accommodating, announced increases in the build rates of certain aircraft; 6) the effect on aircraft demand and build rates of changing customer preferences for business aircraft, including the effect of global economic conditions on the business aircraft market and expanding conflicts or political unrest in the Middle East or Asia; 7) customer cancellations or deferrals as a result of global economic uncertainty or otherwise; 8) the effect of economic conditions in the industries and markets in which we operate in the U.S. and globally and any changes therein, including fluctuations in foreign currency exchange rates; 9) the success and timely execution of key milestones such as the receipt of necessary regulatory approvals, including our ability to obtain in a timely fashion any required regulatory or other third party approvals for the consummation of our announced acquisition of Asco, and customer adherence to their announced schedules; 10) our ability to successfully negotiate, or re-negotiate, future pricing under our supply agreements with Boeing and our other customers; 11) our ability to enter into profitable supply arrangements with additional customers; 12) the ability of all parties to satisfy their performance requirements under existing supply contracts with our two major customers, Boeing and Airbus, and other customers, and the risk of nonpayment by such customers; 13) any adverse impact on Boeing's and Airbus» production of aircraft resulting from cancellations, deferrals, or reduced orders by their customers or from labor disputes, domestic or international hostilities, or acts of terrorism; 14) any adverse impact on the demand for air travel or our operations from the outbreak of diseases or epidemic or pandemic outbreaks; 15) our ability to avoid or recover from cyber-based or other security attacks, information technology failures, or other disruptions; 16) returns on pension plan assets and the impact of future discount rate changes on pension obligations; 17) our ability to borrow additional funds or refinance debt, including our ability to obtain the debt to finance the purchase price for our announced acquisition of Asco on favorable terms or at all; 18) competition from commercial aerospace original equipment manufacturers and other aerostructures suppliers; 19) the effect of governmental laws, such as U.S. export control laws and U.S. and foreign anti-bribery laws such as the Foreign Corrupt Practices Act and the United Kingdom Bribery Act, and environmental laws and agency regulations, both in the U.S. and abroad; 20) the effect of changes in tax law, such as the effect of The Tax Cuts and Jobs Act (the «TCJA») that was enacted on December 22, 2017, and changes to the interpretations of or guidance related thereto, and the Company's ability to accurately calculate and estimate the effect of such changes; 21) any reduction in our credit ratings; 22) our dependence on our suppliers, as well as the cost and availability of raw materials and purchased components; 23) our ability to recruit and retain a critical mass of highly - skilled employees and our relationships with the unions representing many of our employees; 24) spending by the U.S. and other governments on defense; 25) the possibility that our cash flows and our credit facility may not be adequate for our additional capital needs or for payment of interest on, and principal of, our indebtedness; 26) our exposure under our revolving credit facility to higher interest payments should interest rates increase substantially; 27) the effectiveness of any interest rate hedging programs; 28) the effectiveness of our internal control over financial reporting; 29) the outcome or impact of ongoing or future litigation, claims, and regulatory actions; 30) exposure to potential product liability and warranty claims; 31) our ability to effectively assess, manage and integrate acquisitions that we pursue, including our ability to successfully integrate the Asco business and generate synergies and other cost savings; 32) our ability to consummate our announced acquisition of Asco in a timely matter while avoiding any unexpected costs, charges, expenses, adverse changes to business relationships and other business disruptions for ourselves and Asco as a result of the acquisition; 33) our ability to continue selling certain receivables through our supplier financing program; 34) the risks of doing business internationally, including fluctuations in foreign current exchange rates, impositions of tariffs or embargoes, compliance with foreign laws, and domestic and foreign government policies; and 35) our ability to complete the proposed accelerated stock repurchase plan, among other things.

«So if you claimed 10 % of your home as a business expense, they could tax a 10 % portion of your gain when you go sell.»

Deductions: There are easy options for taking deductions for many business expenses for gig workers, such as claiming the standard mileage rate for Lyft drivers.

«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 taxbusiness 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 taxbusiness expenses you show on Form T2125, Statement of Business or Professional Activities, by the amount of the input taxBusiness or Professional Activities, by the amount of the input tax credit.

For C corps, they can claim more tax deductions than a partnership may be able to, write off benefits for employees (like health insurance) as business expenses, and are at much less risk of being audited as opposed to an LLC or sole proprietorship structure.

So if you hired someone or subcontracted some work to someone sometime during the current tax year, when you were claiming their wages or fees as an expense (on Form T2125 of the T1 income tax return if your business is a sole proprietorship or a partnership), you would deduct the GST / HST if you had already claimed it as GST / HST paid out when you filed your GST / HST return for the appropriate period.

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.

We shall not be liable or responsible for any damages, or claims, or losses, or injuries, or delays, or accidents, or costs, or business interruption costs, or any other expenses (including, without limitation, attorneys» fees or the costs of any claim or suit), or for any incidental, or direct, or indirect, or general, or special, or punitive, or exemplary, or consequential damages, or loss of goodwill or business profits, or loss of digital currency or digital assets, or work stoppage, or data loss, or computer failure or malfunction, or any other commercial or other losses directly or indirectly arising out of or related to our Terms; the Privacy and Transparency Statement; any service of tgtcoins.com; the use of tgtcoins.com; the use of tgt tokens; any use of your digital assets or digital currency on tgtcoins.com by any other party not authorized by you (all of the foregoing items shall be referred to herein as «Losses»).

HMRC will record this as an unreimbursed business expense albeit in fact it simply reflects the employee's legitimate claim for tax relief on the expense he or she has incurred.

Is there not a certain irony in Liam Fox's exhortation to business leaders that «if you want to share in the prosperity of our country you have a duty to contribute to the prosperity of our country» (Trade minister attacks «fat and lazy» British business bosses, 10 September), considering the fact that he demonstrated little restraint in claiming his share of the taxpayer's prosperity, as revealed during the expenses scandal?

Profitability is a key factor in how the Internal Revenue Service determines whether or not you can legitimately claim the costs of your writing work as business expenses.

If you join any business or purchase into any franchise, the expenses such as kits, or franchise fees may be claimed as a deduction.

Instead of the claiming driver's education as an unreimbursed business expense, adult learners may want to claim the tuition and fees deduction.

Also, any expense for which you claim a deduction elsewhere on your tax return — such as the cost of a computer used in your business, if you are self - employed and complete Schedule C — can't also be claimed as an education expense.

There's nothing wrong with claiming a business lunch or two as an expense, but deducting too much can negatively affect your taxes.

Just don't forget you can't claim the same business expense as a tax deduction.

About property taxes: From my understanding, these can not be claimed for the foreign tax credit but can be deducted as business expenses.

As a sole proprietor (only owner, employee) with a GST registrant number, can I claim GST / HST rebate for business expenses incurred?

The costs of preparing tax schedules, tax planning or handling tax issues for your business are fully deductible as business expenses; claim them on Schedule C of Form 1040.

If you deduct the expenses as business expenses, you can't claim them for college student tax credit, too.

«Even if the business doesn't make much money, it may enable a taxpayer to claim expenses they're going to incur anyway as tax deductions.»

Only sign a business purpose declaration if you are using the leased item for business and can claim your lease payments as a valid business expense for tax purposes.

Meals, entertainment, advertising, office expenses, mobile and internet expenses are all things you can claim on your taxes and you don't even need to register as a business.

There's no business substance in such a trip, it is your vacation, and as such can not be claimed as an expense against the rental income.

Your credit card statements can help you to identify and claim charitable contributions and other deductions, as well as business expenses.

Every accountant has horror stories about businesses that got careless about records for legitimate expenses such as website or cloud services, or claiming undocumented expenses.

Only sign a business purpose declaration if you are really using the leased item for business and are able to claim your lease payments as a valid business expense for taxation purposes.

«So if you claimed 10 % of your home as a business expense, they could tax a 10 % portion of your gain when you go sell.»

See Can I Claim My RV as a Business Expense?

If we stayed at a campground for a week, could we claim 50 % of the cost as a business expense if we are writing a blog?

I am also planning to return to Japan in the near future (hopefully in 2018)-- with an aim for my business income to be able to pay for the next trip and for me to be able to claim part of the trip as a business expense.

Tax deductible annual fee - Under certain circumstances, cardholders can claim the annual fee as a tax deductible business expense.

Following a turbulent few months, the company eventually released a statement claiming it had secured extra capital to carry on as a business, though this still came at the expense of its Nottingham studio.

Those cars are promotions for her, and you can bet she claimed the costs of the cars as business expenses.

Pre-litigation commercial and residential claims consultation, including such issues as business interruption, extra expense, profit and overhead, «matching» and appraisal;

Liability insurance provides coverage for medical expenses, attorney fees and property damages that may occur as a result of claims made against your business operations.

However, if you employee reimburses you for your auto insurance premium costs, which they often do, then you can not claim these as a «business expenses» on your tax forms.

What is more, companies can claim the premium paid on such policies as a business expense.

They have to make sure they are able to pay policyholders» claims as well as pay their own business operating expenses (employee salaries, office space rent, utilities, etc.).

Midwest Steel Blanking (Lombard, IL) 07/2004 — 08/2008 Director of Operations • Oversaw daily operations and management of 40 employees including 2 project managers • Served as an advisor to the President on all critical and strategic issues • Led presentations to banks, governmental agencies, potential investors, and large volume customers • Oversaw production, maintenance, quality control, and all other dealings with all outside vendors • Negotiated all insurance policies and contracts concerning account receivables and insurance related claims • Developed the ISO 9000 quality manual and OSHA safety awareness programs, training, and documentation • Trained future managers of the company in professional skills, managerial decision making, and business communications • Designed and implemented a new inventory control systems for managing raw - material and finished - goods • Ensured cost control limiting the direct expenses incurred and indirect impacts such as inefficiencies, downtime, and waste • Over a 3 year period, reduced the account receivables insurance premium from $ 55K to $ 13K / year • Renegotiated all other insurance contracts for better coverage and reduced premiums by 20 % • Reduced «outside parts manufacturing» cost by 50 % • Maintained the cost of all supplies at the 2004 levels • Instituted production reporting and operational data analyses for decision making • Reduced down time by 60 %, overall operation's cost by 4.5 %, and scrap generation by 3 % • Developed ISO 9001 quality manuals and handled external annual audits • Introduced safety procedures and training programs

Allen also claimed rental losses on properties he did not own and personal expenses as business expenses, thus reducing his taxable income for the years 1998 - 2000 by approximately $ 383,713.

She also cut off the top of over 100 receipts to conceal the locations and claimed personal expenses as business expenses, says CRA.