[Sachip24]

since mca is fixed costs not compounding like a loan. Do any vets know the answer? I have spoken to several accountants some tell me yes some say its a grey area

[Jason Sterling]

since mca is fixed costs not compounding like a loan. Do any vets know the answer? I have spoken to several accountants some tell me yes some say its a grey area

The fee on the money can be written off as an ordinary business expense.

[Sachip24]

Thank you Jason.

[G2efunding.com]

Any INTEREST you pay whether variable or fixed interest on borrowed capital is still a cost/expense and is all Tax Deductable.

[Hedley Lamarr]

Here is the challenge...... Most of the time when I review a company that has taken an advance they are not reporting it correctly on their balance sheet or income statement. 99% of the time they report the cash, but do not report the liability of cost. Inevitably this throws off the financials......

[G2efunding.com]

That is a selling point --- I tell clients that as long as the return on their use of the capital is greater than the cost of the money they paid it is favorable money. The cost of the money they pay and balk about becomes irrelevant on top of which the money is a tax-deductible expense- that is why we are called Growth Capital.