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posted Jun 1, 2019 1:27:06 AM

I am a psychologist who uses a billing service. How much of my payment to this service can I deduct as business expenses?

The billing service charges me 6% of what they collect for me.  This adds up to about ten thousand dollars.  Can I deduct 100% of this as a business expense?

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1 Best answer
Intuit Alumni
Jun 1, 2019 1:27:08 AM

All of it. Yes, it is a business expense. It is probably not as elegant but using a merchant services for credit cards can run about 1-2% and you would not need a billing service.

1 Replies
Intuit Alumni
Jun 1, 2019 1:27:08 AM

All of it. Yes, it is a business expense. It is probably not as elegant but using a merchant services for credit cards can run about 1-2% and you would not need a billing service.