Small Business Owners: Save on Taxes By Prepaying with your Credit Card
Did you know that prepaying your business expenses on your credit card could save you money when tax time rolls around? When you make a business-related charge on your credit card, you can recognize the expense as of its transaction date, even if you don’t actually pay it off until the next year. Using this technique allows you to defer your income.
There are a number of caveats, however.
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