Abbott Pratt Quick Tax Tips – Charge it!
Year end is only a few weeks away and as a business owner, it may be most tax advantageous for you to accelerate deductions into the current tax year. One way of doing this is to charge last minute expenses on your business credit card. The business receives a deduction at the time the card is charged even though the business won’t need to pay for the charge until your next credit card statement posts in January of 2019.