Core
Business Expenses
Deduct eligible costs of running your business.
About this strategy
Running a business comes with expenses, and many legitimate business costs can be deducted from business income. Depending on the business, eligible expenses may include advertising, software, professional services, supplies, insurance, wages, rent, education, and other costs that are ordinary and necessary for operating the business. Properly identifying and documenting these expenses can help ensure a business captures the deductions available to it.
Implementation resources
Slides, templates, and supporting videos.