Sentences with phrase «on legitimate business expenses»

Not exact matches

Those payments, unlike direct salary, don't have to be reported on your personal tax forms as wages, as long as they qualified as legitimate business expenses, and remained under the IRS's per diem cap rules.

For those that do, however, it's important to keep an eye on how much you are spending, and to make sure all the expenditures you claim are legitimate business expenses.

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.

Both Espada and his son also face a separate criminal tax fraud trial in Manhattan federal court on charges that they deliberately misstated their income, filed false returns and intentionally mislabeled personal expenditures utilizing corporate funds as legitimate business expenses.

When you pay interest on a loan used to fund a legitimate investment or business activity, that interest becomes an expense that you can deduct against related income.

«Business interest,» meaning interest paid on any loan taken out for business purposes, is considered a legitimate business expense, and that includes interest on crediBusiness interest,» meaning interest paid on any loan taken out for business purposes, is considered a legitimate business expense, and that includes interest on credibusiness purposes, is considered a legitimate business expense, and that includes interest on credibusiness expense, and that includes interest on credit cards.

I have a full time job and am working on building my REI business albeit I have not done any deals or made any money yet, I believed the training material and other expenses directly related to my part time REI business were legitimate tax deductions.