What Counts as a Business Deduction?

By |2021-05-18T15:15:21-05:00November 20th, 2020|Categories: Transportation|

Hey Abe! What counts as a deduction for my business? Abe: The guidelines to remember with business expenses are that they must be ordinary and necessary. From the IRS website, IRS.gov, ordinary and necessary expenses are broken down thusly: “An ordinary expense is one that is common and accepted in your trade or business. A necessary [...]