Tax Breaks: The Ordinary and Necessary Business Expenses Edition
Charitable giving and disaster relief, renting to family members, changes to value-added tax, the Fries Rebellion, tax filing deadlines, industry updates and more.
Is It Possible to Have Positive Cash Flow and Negative Net Income?
A company can have positive cash flow while reporting negative net income—due to depreciation, sale of an asset, and accrued expenses.
New loan options for self-employed with stash of cash
As an aside, fog-the-mirror 1.0 includes no job or income, just nine months of payment reserves and excellent credit. No need ...
'Unverifiable income' can limit your mortgage options — here's how to get around it
Your mortgage application may be denied if the lender cannot verify your annual income. If you meet certain exceptions, a non ...
Ready Capital: Accounting Policy Changes Mask Negative Adjusted Operating Cash Flows And Unsupported Dividend
Ready Capital's dividend will need to be cut as operating cash flow adjusted for PIK and accruing loans is negative. Learn ...
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Is Car Loan Interest Tax Deductible?
Car loan interest is tax deductible, but only if you're a business owner or self-employed. Find out how to file your taxes if ...