How Credit Card Miles Work? How credit card miles work? It is not uncommon these days to hear or see bonuses being given out for free travel. And indeed this has become a very competitive thing in the credit card industry. Much as these miles look good to the reader, just how do they work?… Read More »
How Credit Card Interest Works How Credit Card Interest Works So the usage of credit cards does this interest? How is it calculated? This write-up will take you through how interest on your credit card is being calculated and how it works. Note that not all money that you use on your card is taxed.… Read More »
How Credit Card Interest Is Calculated How credit card interest is calculated? Have you ever been in a situation where you are paying interest on something but do not know how it is being calculated? This situation can be compared to paying for a good or service and not knowing how much it is you… Read More »
How Credit Card Companies Make Money Just how do credit card companies and banks make their money? Knowing this will help you in a way. First of all, having this knowledge will enable you to minimize your payment of preventable interests so that you can limit how much money you are giving away. Credit card… Read More »
How credit card APR works How Credit Card APR Works There are lots and lots of terminologies in the credit card industry that are worth knowing. Some of these are the annual fee, balance, interest, and APR just to mention a few. This piece of write-up will however take a look at what APR is.… Read More »
Are credit card tips taxed? Are credit card tips taxed? To begin with, tips are given in various workplaces. These should not be mistaken for credit card tips. There are major and significant variances in the tips at workplaces and the tips that you get as a result of using a credit card. You should… Read More »
Are Credit Card Rewards Taxable Are Credit Card Rewards Taxable? This question would have had a straightforward answer but unfortunately, that is not the case. This is because even though some of the cashback amounts can be significant, the Internal Revenue Service hasn’t come out to make a categorical statement about it. As a taxpayer,… Read More »
Are Credit Card Fees Taxable? Are Credit Card Fees Taxable? In general, credit card fees are considered to be a normal and necessary part of doing business and are therefore tax deductible as a business expense. This includes fees for accepting credit card payments, such as merchant service fees and chargeback fees. This provides a… Read More »
Are Credit Card fees Tax Deductible? Are Credit Card fees Tax Deductible? When people receive their salaries, they are taxed. But businesses are able to deduct some expenditures they make so that their gross incomes can be reduced, this then makes the amount that is taxed “small” This provides a difference between the procedure of… Read More »
They are Black Star brokerage, CSI, Capital, Fenics MD, ICAP African brokers limited, Obsidian Acherner, Regulus, Sarpong Capital, Savvy Securities and Terika financial services limited. The authorisation takes effect from January 1, 2023, to December 31, 2023, a statement signed by Mrs Sandra Thompson, the Secretary, of the Bank of Ghana said. The statement said… Read More »