can I claim the annual business amount on my taxes by getting a business credit card?
yes just dont go too mad with indulging in non business expences and try get reciepts
Yes you can but if you get greedy and writ off your personal items as work related, the IRS will eventually catch on and you will be paying it all back.
just don't get caught up like so many others do and lie to the FEDS/IRS they will find out and come after you!
The yearly amount of what?
The interest is deductible as a business expense. Late fees, over limit fees, etc. are not deductible.
Make SURE that it is used ONLY for business purposes!
Be sure to get a separate card and use it only for business. Keep your receipts too, if you get audited they will ask for receipts.
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