Sentences with phrase «pay for their business expenses when»

Many people use their personal bank accounts to pay for their business expenses when they would likely be better off getting a dedicated small business bank account.

Not exact matches

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.

When venturing into entrepreneurship, many people find that if they don't have a large savings, they need a credit card advance in order to pay for business expenses, and to cover living expenses too.

There may be times when this is expedient, but it's considered best practice to avoid using personal credit to pay for business expenses as much as possible.

Similar to a loan, it involves a funder providing up - front cash for business expenses; the funder is then paid a «royalty» when profits start to roll in.

If you use a credit card regularly, such as in business for example, whereby your company reimburses your expenses, then a reward credit card is likely the best type for you to have — so long as you pay the bills when your company pays you for what you have spent!

Travel Expenses If you are paying for gas, a hotel stay, and other travel expenses when meeting a client or are attending any type of conference related to your business, you will be able to deduct some of those travel eExpenses If you are paying for gas, a hotel stay, and other travel expenses when meeting a client or are attending any type of conference related to your business, you will be able to deduct some of those travel eexpenses when meeting a client or are attending any type of conference related to your business, you will be able to deduct some of those travel expensesexpenses.

When I talk about investing in apartments I am not talking about being in the landlord business, I am talking about being in the property owning business and one of the expenses we gladly pay is for professional property management.

When each party and / or their policy pays their own expenses from a shared loss for which someone is responsible, both business costs and the cost of insurance are driven up drastically and immediately.

There are two purposes for this — first, you can easily track the inflows and outflows of your business finances, and second, when it's time to pay taxes having your business finances separated will save you many hours of pulling out your hair trying to figure out your expenses and income.

Tax Benefits: When you use a bank loan for business reasons, the interest you pay on the loan is a tax - deductible expense.

For small businesses, the key word is «flexibility» — you never know when you might suddenly need extra cash, either to pounce on a new opportunity, survive a sudden lull in sales or pay for unexpected expensFor small businesses, the key word is «flexibility» — you never know when you might suddenly need extra cash, either to pounce on a new opportunity, survive a sudden lull in sales or pay for unexpected expensfor unexpected expenses.

When it comes to paying for medical expenses, home improvement projects or business expenses, the decision will depend on your circumstances.

The expenses should be accounted for the same way business expenses are handled when an employee pay for something that their employer will reimburse.

While convenient, such electronic expense report systems may also flag expenses in violation of company rules or limits — such as paying for a business class seat on a flight when the employee should have booked an economy ticket instead.

There are two purposes for this — first, you can easily track the inflows and outflows of your business finances, and second, when it's time to pay taxes having your business finances separated will save you many hours of pulling out your hair trying to figure out your expenses and income.

When each party and / or their policy pays their own expenses from a shared loss for which someone is responsible, both business costs and the cost of insurance are driven up drastically and immediately.

When you count in food, gasoline, and every other expense that goes on with everyday life, it can be hard to consistently pay for a hotel room or a different place to conduct Beacon Hill business as well.

In order to pay for hired help to move the furniture, cover all expenses, and have a profitable business, home stagers will need to protect their margins when using rented furniture.

Carolyne: When I was in the business for the first time (begining summer 1980) for a couple of years or so, as you say, there were approximately 15 people in the office (Royal Trust, Peterborough); there was the open office concept; I was paid 50 % of the brokerage's take; and there were no office expenses.