APP: 059 Write Off Business Expenses, Ordinary & Necessary, Non-deductibles, and the Home Office

MAR 31, 202029 MIN
Accounting Play Podcast: Learn Accounting

APP: 059 Write Off Business Expenses, Ordinary & Necessary, Non-deductibles, and the Home Office

MAR 31, 202029 MIN

Description

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.