Blog Entries - January 2013

When is a Business Expense a Tax Deduction?

Posted on: January 25, 2013 8:04 am
Tags: Business expense tax deduction sustantiation
Deductible business expenses are those which are “ordinary and necessary” and are incurred or paid during the taxable year in “carrying on” any trade or business. Both these criteria must be met for an expense to be deductible. An read more …