This is because the IRS allows businesses to claim some expenses as deductions and asks them to break out the totals by category ( this article has more information).Īdd each expense on a new line, being sure to fill out as much information as possible. If you drive a vehicle for business purposes, you need a “car and truck expenses” column, according to The Balance.Įxpense reports can separate out expenses by tax category, like rent. If you regularly take out clients for coffee or dinner, you need a “travel and meals” column. Your columns should reflect common expenses in your business. Account: to indicate a client or project.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |