Business Deductions

Many business owners don’t know all the rules behind “writing off” or expensing items on their business tax return. There are some expenses necessary to operate the business, but there are also some expenses that may be more personal in nature that could also be justified as a business expense. Reasonableness always comes into play when deciding the deductibility of expenses.


If you’re a business owner, I always recommend consulting with a tax professional when it comes to tax planning surrounding the business. You want to be sure you are taking advantage of all the perks of being a business owner. This article gives a nice overview of various expenses business owners are able to deduct on the business entity’s tax return.