My small business is growing, but I'm not sure how to approach funding options without messing up my taxes. Are business loans treated like revenue? How does it affect my financials?
That's a solid question and something a lot of small business owners overlook. Business loans can give you the cash boost you need, but they aren't usually treated as income—unless part of the loan is forgiven, which changes things. Understanding how loans show up on your books can affect how you plan your budget and taxes. You can learn more about are business loans considered income (https://eboostpartners.com/is-a-business-loan-considered-income/) in a way that breaks it down clearly—definitely worth a look if you're planning your next financial move.
Honestly, even if you're not taking out loans, understanding what counts as taxable income for your business can save you a major headache later on.
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