Common Questions and Answers

Are the costs of business credit tax deductible?

Answer :
Yes, the costs of business credit can be tax deductible. You should consult your tax attorney for more detailed information, but interest and finance charges incurred on your business account are tax deductible. This is an important distinction between business credit and personal credit, and is one of many reasons why it is in your best interest to separate your business expenses from your personal expenses.

Provided by: First Equity

First Equity is a leading credit card provider specializing in the provision of bankcards to the nation's small businesses.

5 Reasons to Monitor Your Business

Business owner

  • 24/7 monitoring of your company's Experian credit score
  • Automatic email alerts of any unusual activity in your company's credit report that might indicate fraud
  • Unlimited access to your company's most up-to-date credit report and score
  • Dark Web Surveillance
  • Business Fraud Resolution Support

Related questions

What are the advantages for maintaining business credit separate from personal credit?

Do I need an EIN or federal tax ID number in order to get credit in the name of my business?

Can I give my employees access to a business line of credit controlled by me as the business owner?

Is it possible to get credit for my business on an unsecured basis, without placing a lien on my assets?

Do you have more questions regarding Experian business credit reports? Return to the home page of for more commonly asked business credit questions, additional resources, and special offers to help you manage and grow a business.

You may also view our full list of frequently asked questions by visiting this page.
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