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April 18, 2022
Question

Can i write off taxes we have paid through our square credit card terminal

  • April 18, 2022
  • 1 reply
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1 reply

April 18, 2022

What type of taxes?  You would not write off sales tax collected from buyers because you do not include sales tax in income, but if you purchased things on square for your business, you would deduct.  (If there are any taxes paid through square that are a business expense, you would enter as a expense if it was deducted from your square receipts.)