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APP: 059 Write Off Business Expenses, Ordinary & Necessary, Non-deductibles, and the Home Office
What can businesses write off to save on taxes? A tax write off is something that reduces the taxable profit for a business and therefore decreases taxes due. Profit in a simple business can be thought of the money or assets available to pay the owner at a point in time shown on [...]
The post APP: 059 Write Off Business Expenses, Ordinary & Necessary, Non-deductibles, and the Home Office appeared first on Accounting Play.
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By John Gillingham CPA
4.5
7777 ratings
What can businesses write off to save on taxes? A tax write off is something that reduces the taxable profit for a business and therefore decreases taxes due. Profit in a simple business can be thought of the money or assets available to pay the owner at a point in time shown on [...]
The post APP: 059 Write Off Business Expenses, Ordinary & Necessary, Non-deductibles, and the Home Office appeared first on Accounting Play.
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