business expenses
Firm's operating costs
Business expenses are costs incurred in operating a company or profession—rent, supplies, salaries, travel, equipment.
The term matters primarily for tax purposes, since legitimate business expenses can be deducted from income: She wrote off the laptop as a business expense.
The line between business and personal expenses is often scrutinized by tax authorities.
- rentPayment for temporary use
- overhead costsOngoing operational expenses
- salariesFixed regular payments for work
- office suppliesMaterials for desk work
- utilitiesEssential infrastructure services
petty cash · petty cash box · maintenance · cleaning services · shipping costs · promotional materials · mileage · payroll processing · per diem · advertising campaigns · legal fees · IT support · licensing fees · taxi fares · company car · insurance premiums · office furniture · training programs
- Tax Rulesdeductions, credits, exemptions, filing status, withholding
- Self-Employment TaxesSchedule C, quarterly taxes, estimated taxes, 1099 forms, sole proprietor
- tax strategiestax shelters, tax deferral, tax planning, tax avoidance, tax breaks
- Canadian taxationfederal tax, tax returns, taxable income, tax brackets, GST
- depreciationdepreciation, straight line, straight-line, vehicle depreciation, accelerated
- real estatehouse, home, apartment, property, sale
business expensesbusiness income
Earnings from commerce
business revenue · sales revenue · operating income · profits · proceeds