Congratulations on starting our business! Now you are wondering which expenses are deductible to help reduce your tax bill.
Let's start with, what is a business expense?
To be considered deductible, expenses must be both ordinary and necessary in your field of business.
Here are examples of some business expenses
In addition to the expenses listed above, other expense you may be able to deduct include...
There are also certain expenses you cannot deduct.
These expenses include...
Understanding which business expenses are deductible can significantly reduce your tax burden and increase your profitability. By keeping meticulous records and staying informed about the latest tax regulations, you can maximize your deductions and keep more of your hard-earned money.
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