I need to know if I can deduct the mortage payment on a business. Our business mortage is a commercial loan and only the business is on it. Or, is only the interest on the business deductable. If so, would it be in our best interest for the business to rent from us this year?
Tags: Best Interest, Business Loan, Commercial Loan, Loan Business, Mortage Loan
I have worked for the 501C business for 10 yrs total, 3 in this specific business area. They no longer wish to carry this branch of their association. When they close, I will be fired. Can I start up my own for profit business, with the same business description?
Tags: Business Area, Business Description, Profit Business, Start Business
I am a small business owner and have been developing my company for the past year. Because I left my previous job to start this business I do not have a current income and because my company only recently officially “opened for business” we do not have a profit line. Do I need to file? [...]
Tags: Business Expenses, Business Need, Job, Profit Line, Small Business Owner, Tax Return
I am opening an online business for website design. (set up as a LLC, I’m the sole owner) Should I start keeping receipts of all business related expenses? Or would my business qualify as a hobby if I don’t make a certain amount of money in the year that I’m filing.
What [...]
Tags: Amount Of Money, Business Card, Gasoline, Llc, Receipts, Start Business
If I buy a product from a internet store out of state and resell it for a profit to others in & out of state. I like to know if I have to charge any taxes & pay those at end of the year.I also like to know if I have to have a [...]
Tags: Business License, Internet Store, Selling Products, Taxes
Does anyone know the correct IRS business activity code to use for a small business that makes money by marketing online (all pay per click search) for internet retailers and gets paid a commission for each referral that leads to a sale? (no inventory – just advertising and commissions based on sales referrals. All done [...]
Tags: Activty, Commissions, Internet Affiliate Marketing, Internet Marketing, Pay Per Click, Referrals