Sentences with phrase «counted as an an expense»

On a standard accounting income statement, such a reduction in cash would not appear right away, but rather only be counted as an expense until the t - shirts were not only received, but sold.

Therefore, when you pay it back, you don't count it as an expense.

2 — RE taxes are only deductions in as much as they can be counted as an an expense against the net rent.

The basic rule is that if you provide an employee with anything other than pay it may count as an expense or benefit.

Either way, your insurance cost counts as an expense and will lower your taxable income.

since I didn't count it as an expense when I loaned the money out.

You can't save money on business taxes by paying yourself a wage and then counting it as an expense to the business.

Can that count as an expense for my LLC or do I have to pay taxes on them first?

If I set up an LLC for investments (stocks and real estate) can I re-invest profits and count them as expenses?

I would take each of these items and any others and consider how you would count it as an expense in the other direction.

That capital gain would not be calculated as savings and the taxes would be counted as an expense,» says Mr. Salisbury.

The liability either did count as an expense, or it did not, and it all depended on whether it fell within one of the defined categories of expense: «the question of whether the... charge should count as an expense of the liquidation was not a matter for the judge's discretion.

The question in Exeter City Council was whether business rates counted as an expense of the administration.

Toshoku was not concerned with whether rent counted as an expense of the liquidation; it was concerned with whether corporation tax did.

Not exact matches

And while not every out - of - pocket health - care expense counts as deductible, long - term care insurance premiums do, with age - based caps on how much you can deduct yearly (see chart below).

EBITDA is a «questionable metric,» he points out, because «it allowed accountants to shift real costs into categories that somehow didn't «count» as expenses.»

Cenovus reported one - time severance costs of $ 43 million as it cut its staff count by 15 per cent in the first quarter, and a $ 59 - million non-cash expense for Calgary office space that exceeds current needs.

If you do happen to incur interest from carrying a balance on a business credit card, be sure to note it on your tax form — it counts as a business expense.

For example, the agencies do not count as tax expenditures deductions the tax law permits to measure income accurately, such as employers» deductions for employee compensation or interest expenses.

The digital payment giant doesn't count the stock grants it gives to employees as an expense.

What counts as a care expense?

Even without counting the options as an expense, the pie was the same size and each shareholder's slice was now smaller.

At least now these options are counted as compensation (although most companies try to avoid this by using magical terms like «adjusted EBITDA» which essentially does what GAAP accounting allowed in the 90's — not counting this form of compensation expense as an expense).

Not counting this form of compensation as an expense was a ridiculous accounting practice, and one that was supported by ridiculous arguments by lobbyists and the lawmakers who wanted to protect their corporate constituents who were getting rich.

One of the perks about being CEO of a publicly traded company of the 1990's was that you could pay yourself with huge amounts of stock options, but yet not count those stock options as an expense on your company's financial statements.

However, when withdrawals are made from the account to pay for college expenses, they'll generally count as income for the student and, therefore, have a much greater impact on his or her financial aid the following year.

Uber receipts are difficult to handle as well, a pain when doing expenses, Lyft is a much better experience for receipts, tipping and not to mention they hold a much higher standard of ethics as a business which counts.

Increased industrial production at the expense of depleted and poisoned air, soil, and water can not count as progress.

They are there because of an archaic bail - bond system that favors the professional criminal (who counts bail as a business expense) and the affluent.

Counting all MP allowances and expenses, and all councillor pay and allowances, as state funding of political parties themselves, strains credulity to breaking point.

«The Minister is an Igbo and knows full well that just as a count is not taken of the number of children a parent is blessed with in Igbo tradition, the same tradition holds the burial rites and attendant expenses even more sacred to warrant such display of figures.

«City - funded spending will grow 5.8 percent and total head count is projected to increase to a record high... as the city continues to face challenges managing rising expenses related to homeless shelters and overtime,» the Citizens Budget Commission said in a statement.

«They are taking into account that transfer as an expense but not including the funding source that supports that transfer,» Mr. Harrison said, adding the district would have been found to be in perfect health if the reserve transfer hadn't been counted.

It is hard to figure out how much you spend blogging because if you are redoing something because you want to do it, does it count as an business expense.

Texas schools would count the salaries of librarians — but not those of nurses, guidance counselors, or bus drivers — as instructional expenses under proposed rules that would define how districts would comply with a new state mandate to spend 65 percent of their budgets on classroom costs.

They do not get the concept or try to get the concept of your living expenses and financial availability they will lie straight to your face and tell you that they are going to try to get you the deal when in fact as soon as they go behind that glass box they are all buddies running your credit and saying none of it counts they do not take in credit history or kelly blue book into consideration they even told me that kelly blue book changes and when i asked when was the last time it changed the guy told me yesterday, the young woman who was trying to at least get me a pretty decent deal was looking like what the hells was going on, like hello don't you know where his financial availability is at why are you pushing him to pay more?

As a soon to be self publishing author, I want to be able to count all of the expenses associated with being an author and I want the protection of a company, so I intend to set up an LLC for myself.

In general, though, you don't want to count any monthly expenses such as groceries, gas, utilities, entertainment or personal taxes in your DTI ratio.

You certainly couldn't deduct 2014 medical expenses on your Schedule A in 2033, so I doubt you could count them as «qualified» for HSA purposes either.

I've read several articles online that say you can only count a scholarship as taxable if it is used for educational expenses other than tuition and fees.

Such organizations exist mainly to funnel money to outside groups, so in these cases we decided to count the money they transferred to other organizations as program expenses.

However, when withdrawals are made from the account to pay for college expenses, they'll generally count as income for the student and, therefore, have a much greater impact on his or her financial aid the following year.

Whether a massage will count as a medical expense depends largely in part on your medical situation as the IRS does not specifically include massages in its list of medical expenses.

However, the exclusion is limited to amounts paid for tuition (not room and board or other expenses) and the payment does not count as a charitable contribution.

Distributions are tax - free when used to pay for qualified higher education expenses and are not counted as income or resources when evaluating eligibility for federal need - based student aid.

Is it because when you setup the loan, it only counts the interest as the expense and not the full amount (since part of it was a transfer)?

I BELIEVE (consult an accountant and attorney) an LLC allows you to write off interest (margin) expenses and things like business cell phones and internet lines as expense, yet still count the gains as capital gains.

Even things like Airbnb and hostels may count as travel expenses, which you can then redeem for.

For example, if you buy something in December with a credit card, and then pay off the credit card balance in January, you still count the expense as having occurred in December, and claim your deduction on that year's tax return.

The lender counts 75 percent of the anticipated rents as income to you, and the monthly mortgage, taxes and insurance are added to your expenses when calculating your debt - to - income ratio (DTI).