5 Tax Rules for Deducting Interest Payments
… on Twitter: @BigIdeas4SB or at BigIdeasforSmallBusiness.com Read more about Barbara Weltman It’s common for … Guarantees aren’t deductible As a small business owner, you may be required to give your personal guarantee on any … income. Prepaid interest isn’t deductible upfront When the business borrows money, it may have to pay points or …