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We keep you up to date on the latest tax changes and news in the industry.

Video Tips: Tax Implications for Cash Back on Business Credit Card Purchases

When managing cash back on business purchases, a practical approach is to first deduct the full cost of the purchases as business expenses on your tax return. Then, report the total cash back received as miscellaneous business income. This method keeps your records straightforward and ensures the cash back is recognized as part of your business activity.

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