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#expense-management
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Interest rate is it allowable expense or non allowable expense?
Mary Goret
Apr 1
Interest rate is it allowable expense or non allowable expense?
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Apr 1
Interest rate is typically considered an allowable expense for businesses. Interest paid on loans or credit cards used for business purposes can usually be deducted as a business expense on tax returns. However, it is important to consult with a tax professional or accountant to ensure that interest expenses are being properly accounted for and deducted in accordance with tax laws and regulations.
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