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  2. How to write off repayment of a business loan - AOL

    www.aol.com/finance/write-off-repayment-business...

    Short-term loans: If your business takes a short-term loan and repays it in full during the course of a year, all of the interest associated with that loan can be written off.

  3. Charge-off - Wikipedia

    en.wikipedia.org/wiki/Charge-off

    A charge-off or chargeoff is a declaration by a creditor (usually a credit card account) that an amount of debt is unlikely to be collected. This occurs when a consumer becomes severely delinquent on a debt. Traditionally, creditors make this declaration at the point of six months without payment. A charge-off is a form of write-off.

  4. Statement of work - Wikipedia

    en.wikipedia.org/wiki/Statement_of_work

    A statement of work (SOW) is a document routinely employed in the field of project management. It is the narrative description of a project's work requirement. [1]: 426 It defines project-specific activities, deliverables and timelines for a vendor providing services to the client. The SOW typically also includes detailed requirements and ...

  5. Bid and proposal - Wikipedia

    en.wikipedia.org/wiki/Bid_and_proposal

    The development of a bid and proposal takes place early in the procurement process, and the resulting proposal will be subject to review by the purchaser and negotiation between the two parties. Developing a bid and proposal takes place before a contract vehicle is in place, meaning that firms undertake the costly tasks of proposal-writing and ...

  6. Types of small business loans offered at banks - AOL

    www.aol.com/finance/types-small-business-loans...

    Types of bank loans. Description. Term loan. A lump-sum loan that typically has repayment terms of two to five years. Can be used to cover short- or long-term expenses that can’t be paid off ...

  7. What is an LLC loan and how does it work? - AOL

    www.aol.com/finance/llc-loan-does-155938785.html

    How much does an LLC cost. LLC costs can vary. Each state charges a fee to file an LLC’s articles of organization. While most states keep filing fees between $50 and $200, an LLC filing fee is ...

  8. Write-off - Wikipedia

    en.wikipedia.org/wiki/Write-off

    In business accounting, the term "write-off" is used to refer to an investment (such as a purchase of sellable goods) for which a return on the investment is now impossible or unlikely. The item's potential return is thus canceled and removed from ("written off") the business's balance sheet. Common write-offs in retail include spoiled and ...

  9. I'm a Business Owner. What Expenses Can I Write Off on ... - AOL

    www.aol.com/finance/write-off-expenses-businesss...

    A tax write-off is how businesses account for expenses, losses and liabilities on their taxes. Write-offs are a specialized form of tax deduction. When a business spends money on equipment or ...

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