You can deduct business expenses from your small business revenue to lower your tax bill in several ways. Business deductions can sometimes reduce your income on a dollar-for-dollar basis.

Prepaid expenses are payments made for goods and services that a company intends to pay for in advance but will incur sometime in the future. Examples of prepaid expenses include insurance ...

8 Ways to Drastically Cut Monthly Expenses Rent (or mortgage) Expenses: $1175 Savings Two years ago, we decided that we ...

Trademarks, patent filing and defense, and software development are examples of intangible asset expenses that can be capitalized. Are all costs considered sts become expenses? In an asset account, a ...

These expenses are essential for generating revenue; and as such, they can be deducted from your income taxes to reduce your ...

The upside? You can deduct qualifying business expenses on your taxes to lower your overall tax liability. But how do write-offs work? Here’s what you need to know. Writing off small business ...