Is Quick Pay a Tax write off?

My accountant writes off the factoring fees I pay to my factoring company

 

Let's turn the question around. Why would it not be?
It is, after all, a legitimate business expense. Sure it's optional, but most business expenses are optional.

 

Quick pay is just a way to get paid for hauling a load faster and they charge a percentage right?
So if the load paid 1k and you used quick pay you end up getting paid 950$. So you got paid 950 not 1000. The 50$ is not a deduction it's money you never had

 

No, the contracted rate was $1,000. You paid $50 to get paid sooner.

 

Do they pay you full rate and then send you a bill? Or just send you the $$ after their fees?

 

It gets shown as a deduction from the agreed rate when the invoice gets paid.

 

Yeah so you get paid 950. Not 1000.
I guess it depends how you do your accounting.
Personally I would just show 950 income
If you show 1000 with a 50$ fee it's the same thing isn't it.
If you show 950 income and then try to deduct another 50$ that would be wrong

Also I'm not an accountant or tax expert

 

The $50 is a tax write off. You could just claim the $950 as income, but you'd be losing the write off. I'm sure the brokerage is claiming the $50 as income, so you should get the write off.

Personally, I don't get the whole NET 30/60/90. You owe the money, so pay the invoice. Quick pay shouldn't even be a thing. I'm sure there's a reason for NET terms, but someone is going to have to explain that one to me. Especially in today's digital age.