Common Questions and Answers

Tax deduction tips that can save your business money

Preparing your business for tax season? Here is how business credit reports can work to your small business's tax advantage.

Tip 1: Credit reporting agency fees are a business expense that many small-business owners overlook. Check with your tax preparer on the routine expenses you've incurred accessing business credit reports from Experian. To download your receipts, sign into your account now.

Tip 2: If someone fails to pay your business, the bad debt may be deductible. It depends on the kind of product your business sells and if it is cash-based or accrual-based. Be sure to discuss this issue with your tax preparer.

Tip 3: If you're searching for a new tax preparer, always check out the preparer's business before you hire. Research the tax preparer's business credit report. A key confidence indicator should be a business's longevity — the entity has been in business at least five years with no legal filings.

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

How do I get a business credit score and report?

What type of information can be found in a business credit report?

What does "continuous trades" mean?

Is the use of the business credit reports regulated?

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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