Dry Cleaning Business Expense : Simple Cleaning Products
Dry Cleaning Business Expense
ordinary and necessary expenses incurred in a taxpayer's business or trade
(Business expenses) Expenses of a business incurred in earning the profits of the business. Not all business expenses are allowable for tax purposes.
Clean (a garment) with an organic solvent, without using water
(dry cleaners) cleaners: shop where dry cleaning is done
(dry-cleaned) cleaned with chemical solvents
the act of cleaning (fabrics) with a solvent other than water
98.8% OF SMALL BUSINESS OWNERS NOT SUBJECT TO HEALTH CARE SURCHARGE
Under the Affordable Health Care For America Act, the wealthiest 0.3% of Americans would pay a surcharge on income over certain levels to help make health insurance affordable for small businesses and the middle class, while reducing the deficit. For small business owners, the surcharge is only on net profits —receipts minus expenditures (payroll, business expenses, etc.)— above $500,000 (for single filers) and $1 million (for married filers).
98.8% OF SMALL BUSINESSES PAY NOTHING
The nonpartisan Joint Committee on Taxation estimates that only 1.2% of small business owners would net that much and therefore pay the surcharge, using the broadest definition of a small business owner (i.e., any individual with as little as $1 in small business income).
Rural Knowledge & Enterprise Centre - Business Skills Seminar - Business Expenses
The Rural Knowledge and Enterprise Centre at Nottingham Trent University are running Business Skills Seminars, todays is covering Business Expenses. If you would like more information about RKEC visit ww.ntu.ac.uk/rkec or call 01636 817094