Keyword Analysis & Research: business deductions for 2021

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Frequently Asked Questions

Can I deduct business expenses?

You may be able to deduct business services expenses, including the money you pay your lawyer, accountant and consultant for advice about business decisions, taxes, complying with government regulations and other legal or financial matters.

Are business expenses deductible?

It costs money to make money, and much of what business owners spend on their companies — their business expenses — can be deducted from their gross income to reduce their taxes. The list of deductible business expenses includes obvious ones like office rent, salaries and computers, but might also include water bills and window cleaning.

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