business expense
Company cost deduction
A business expense is a cost incurred in the ordinary course of operating a business—rent, salaries, supplies, travel, equipment.
The category matters because business expenses are typically tax-deductible, reducing taxable income.
Companies track them carefully: Put it on the corporate card as a business expense.
The line between business and personal expenses can blur, especially for the self-employed.
- deductibleOut-of-pocket threshold amount
- tax deductionPermitted income reduction
- receiptWritten payment acknowledgment
- write-offRecorded value reduction
- overheadLocated directly above
reimbursement · out of pocket · petty cash · invoice · mileage · travel · client dinner · working lunch · office supplies · accountant · tax · laptop · depreciation · audit · fiscal year · spreadsheet · quarterly · itemized
- expensescost, costs, rent, bill, bills
- taxessales tax, income tax, estate tax, excise tax, corporate tax
- Federal TaxesIRS, tax return, tax refund, Form 1040, 1040
- taxationtax, income tax, sales tax, tax return, tax refund
- exemptionsexemption, tax exemption, medical exemption, religious exemption, tax exempt
- out-of-pocket costsout-of-pocket, copay, copayment, deductible, coinsurance
business expensepersonal expense
business expensebusiness income
Earnings from commerce
business revenue · business earnings · profit · sales revenue · gross receipts
business, expense, busyness, businesses, businessman, businesswoman, businesslike, expenses, expensive