Write-Off or Reimbursed?

Is this client payment income—or just a reimbursement I shouldn’t pay tax on? If a client sends you money to cover supplies, travel, or shipping, it might not be taxable income—but only if you record it correctly. Many business owners accidentally report reimbursements as income and pay more tax than necessary.

QuickBooks lets you track reimbursable expenses and match them to the payment. A Chandler CPA (like Chris!) can help you flag these transactions so you only pay tax on your actual earnings—not money you’re just passing through.

We’ll help you report income the smart way and avoid overpaying. Call us at 480 747 3935 for more information and visit our S-Corp Election Services page, too!