Receipts help in checking to make sure the credit card people aren’t ripping you off. It does happen and my accountant (and wife) spends half a day on the phone getting it straightened out.
The 1% and more that you get for using the CC has to be paid by someone – guess who? It is like trading stamps, or anything else – the merchant pays the extra CC fees so you can get back some, so his prices are higher. Ask for a discount for cash, you will usually get it.Merchants pay $.35 min to take a debit card – and 3% to 5.5% for credit cards. Some processors say they charge less, but they charge much more for credit cards that are not swiped, and more for non qualifying fees
battle of plattsburgh almost 11 years ago
Therefore: All snacks are deductible.
rmacprivate almost 11 years ago
I would be in so much trouble it I had to save all my receipts for my wife.
Ginny Premium Member almost 11 years ago
The problem arises when you have company coming over and you have to move all that financial stuff off the kitchen table!
hippogriff almost 11 years ago
Receipts help in checking to make sure the credit card people aren’t ripping you off. It does happen and my accountant (and wife) spends half a day on the phone getting it straightened out.
route66paul almost 11 years ago
The 1% and more that you get for using the CC has to be paid by someone – guess who? It is like trading stamps, or anything else – the merchant pays the extra CC fees so you can get back some, so his prices are higher. Ask for a discount for cash, you will usually get it.Merchants pay $.35 min to take a debit card – and 3% to 5.5% for credit cards. Some processors say they charge less, but they charge much more for credit cards that are not swiped, and more for non qualifying fees