Understanding Tax Deductions: What Qualifies as "Ordinary and Necessary" Small Business Expenses?
- Mar 24, 2025
- 1 min read
According to the IRS, business expenses must be deemed “ordinary and necessary” to qualify as tax-deductible. Listed below are typical tax deductions for small businesses. #SmallBusinessExpenses #Entrepenurs #Businescompliance #businessprofessionals #TaxDeductions #Businessconsulting #
Legal and professional fees
Marketing and advertising
Commercial Insurance
Continuing education and training
Software, app, and portal subscriptions
Client and employee meals
Office Supplies
Phone and internet services
Rent and/or home office expenses
Depreciation of assets
Travel expenses, including meals
Business-related vehicle use and mileage
Grasping the details of tax deductions, particularly for education, meals, and vehicle costs, can be intricate. At DEH Consulting We strive to provide understanding and awareness to our clientele. We offer 1 0n 1 one business services to help with optimizing your business to reach new heights with less or no resistance. Book your business consultation at Http://www.dunkleyestateco.com/book-online
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Compliance Self-Assessment Tool
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