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Maximize Your Savings - Top Business Expenses You Can Deduct

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?

Business expense definition

To be considered deductible, expenses must be both ordinary and necessary in your field of business.

Business expense that is ordinary and necessary

Here are examples of some business expenses

Business expenses examples

In addition to the expenses listed above, other expense you may be able to deduct include...

Other business expenses you may be able to deduct

There are also certain expenses you cannot deduct.

Expense you cannot deduct

These expenses include...

List of business expenses you cannot deduct

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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