How Taxes Impact Your Ability to Get Business Lending
The Business Credit and Financing Show · Credit Suite
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Show Notes
Did you know that the way to prepare and file your business taxes can actually affect your ability to get business loans?
Ty Crandall, CEO of Credit Suite, breaks down everything you'll need to know about how your taxes can make or break your ability to finance your business.
Personal and Business taxes are both part of your businesses's Fundability™ and its an important factor that most ordinary business owners miss when applying for business credit, business loans, and credit lines.
In this episode we discuss:
- Business Tax Returns 101
- Estimated Taxes
- Documentation Differences
- Tax Prep
- Cash vs. Accrual
- Depreciation Decisions
- Entity and Industry choices
- Fundability™, Business Taxes, your EIN/SSN
- What are lenders looking for in your tax returns
- Personal Taxes!