Bookkeeping Tip #10 for Small Business Owners

Wipe our Debt (Photo credit: Images_of_Money)

Paying off debt (such as loans) does not increase your business expenses.  You can't figure those numbers into your expenses for tax purposes.  That's Clear View Business Solutions' Bookkeeping Tip #10.  If you have questions about this, give us a call or shoot us an email!

Do you have experience with this or have thoughts on it?  Please leave us a comment.  We are happy to interact!  If you want to see our weekly blog topic on your Facebook news feed, like our Facebook page.  Have a great day!