Frequently
asked questions…

Answered.

What is a business expense?

Business expenses are costs collected during the ordinary course of business. They can apply to any size of business. Business expenses are a part of the income statement and are subtracted from revenue to generate the business’ taxable net income. They can also be referred to as business expense deductions. Most companies will have their own business expense policy, generally separated into capital expenditures and operational expenditures. Corporate travel expenses fall into the business expense category.

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