business expense
- A cost that is paid during the operation of a business and is necessary for its successful functioning in the tax year that the expenditure occurs
- The new office furniture purchase is considered a business expense as it was necessary for operations.
- Because it was acquired during a necessary business trip, the cost of the flight is a business expense.
- The advertising costs for the new product launch are deemed as a business expense, as they're essential for the business to function.
Provide Feedback
