To claim deductions and credits for the business expenses you incur, you must have certain records, including the amount of your outlays. Without good records, you can miss out on otherwise legitimate tax write-offs. The IRS has created certain tools you can use to avoid the need to retain receipts and other records of costs. […]
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Anyone running a business will tell you that there is no escaping the expenses your business will face. Expenses come in various forms; however, operating and non-operating expenses are the… Read more »
The post The 4 Most Important Business Expenses to Watch appeared first on Noobpreneur.com.
With inflation still prevalent, those nickels and dimes, or $5 and $10 expenses, may not seem so important. But they can add up. Just $10 a month is the equivalent of a $120 a year, which could purchase a mid-level inkjet printer, a meal for 2 at a nice restaurant, and so on. Not so long ago (and maybe still in some companies), there was a petty cash box that could be tapped by authorized employees to pay for little things…a tip for a delivery person, pizza for staff, etc. Maybe the box had $50 or $500. Today, most expenses—no […]
The post Strategies for Handling the Little Expenses appeared first on Barbara Weltman.
