Quote:
Originally Posted by tony404
I would talk your accountant I had asked mine about the percentage you pay to the processor.He said since you never actually had it ,you cant deduct it.
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Haha, well that makes perfect sense actually. You're just reporting your net from the processor. If you reported the gross then you could deduct the fees, but your tax liability at the end of the year would be exactly the same.
Mr Pinks, all banking fees that are business related are tax deductible, including the load fees etc. You really should have an accountant though, a good one will pay for themselves 10 times over.