Small Business Operation

Why can’t I deduct my credit card payments?

by Diane M Hagerty EA

How do I deduct my credit card payments? This is a very common question in my office and not an easy concept. Taxation is not based on cash flow. What is Cash Flow? Cash flow is the immediate feeling… Read More »Why can’t I deduct my credit card payments?

Am I a ‘Non-Profit’ because I don’t make any money?

by Diane M Hagerty EA

I have been asked this question more than once by people not making money with their business. The short answer is ‘no’. Being a non-profit really has nothing to do with making money. Or taxes. Or profit. Or doing good… Read More »Am I a ‘Non-Profit’ because I don’t make any money?

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