ACH processing fees
We pay most of our vendors through Quickbooks using ACH direct deposits, and sometimes I upgrade the payment speed from 3 business days to 1, which is always a 1% fee. Is this fee tax deductible like credit card processing fees?
We pay most of our vendors through Quickbooks using ACH direct deposits, and sometimes I upgrade the payment speed from 3 business days to 1, which is always a 1% fee. Is this fee tax deductible like credit card processing fees?
If you are making payments for your business, yes, the ACH fees are deductible as a business expense.
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