Fact checked by Vikki Velasquez Reviewed by Lea D. Uradu There are several ways to deduct business expenses from your small ...

If you're a remote worker filing your taxes, however, you might not be eligible to claim the home office deduction. The home ...

Discover which types of businesses are not allowed to list cost of goods sold on their income statement or claim their COGS ...

When can you start deducting business expenses? These expenses are generally not deductible until after the business has been sold or otherwise disposed of. Nevertheless, there is a special tax rule ...

Here are five illegal tax moves to avoid: Deducting personal purchases as business expenses. Claiming your pet as a dependent. Not reporting all your income. Claiming tax credits for which you don ...

Do I have to deduct the costs t the cost of the gun? It's okay to do so. A business expense must be both ordinary and necessary in order for it to be deductible. You may claim your sidearm if it is ...

Depending on what you've spent, claiming your medical expenses can get you a bigger ... Along the way, I took on reviews of other types of business and personal finance technology.

Only small business expenses rival it in terms of a bookkeeping challenge. But you may leave a sizable deduction on the table if you’re eligible and don’t do the work to claim it. For more on ...

Modern business expense cards integrate directly with popular accounting software, automatically syncing transaction data and eliminating the need for manual entry. This integration ensures your books ...