business expense


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ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.business expense - ordinary and necessary expenses incurred in a taxpayer's business or tradebusiness expense - ordinary and necessary expenses incurred in a taxpayer's business or trade
disbursal, disbursement, expense - amounts paid for goods and services that may be currently tax deductible (as opposed to capital expenditures)
organization expense - the cost (over a period of five years) of organizing a new corporation or partnership
promotional expense - the cost of promoting a product
References in periodicals archive ?
Is the amount deductible as a charitable contribution or as an ordinary and necessary business expense, and how does the income tax status of the recipient organization impact this answer?
It also provides customers opportunities to earn 'JPMiles' on both spends as well as repayments on a list of business expense categories including travel, dining, office stationery, online advertising and vendor payments among others.
It would also offer customers a chance to earn 'JPMiles' on both spends as well as repayments on a list of business expense categories including travel, dining, office stationery, online advertising and vendor payments among others.
Business expense deductions are among the IRS' Top 10 most litigated issues.
Employer-required lodging expenses may now be deductible as an employee business expense or, if paid or reimbursed by the employer, excluded under an accountable plan, even if the employee is not away from home.
2012-25, the IRS has described four situations where employers have recharacterized taxable wages as nontaxable business expense reimbursements and has ruled on whether these arrangements satisfy the business connection requirement of the accountable plan rules.
Consolidated unit costs holding fuel rate and profit sharing constant and excluding special charges and third-party business expense increased 2.
To be a business expense, the gift is not allowed to exceed pounds 50 per person per year, so if you are planning on spending pounds 50, make sure you haven't given any other gifts in the year.
Under the Omnibus Budget Reconciliation Act of 1993, that portion of your membership dues used by the Montana Nurses Association and the American Nurses Association for lobbying expenses is not deductible as an ordinary and necessary business expense.
The Institute recommended that any abuse could be curbed through the adoption of an "ordinary and reasonable" business expense requirement; it also suggested the effective date be postponed to permit review of the proposal.
Similarly, if you pay a business expense in goods or other property, you can deduct only what the property costs you.
Under the Omnibus Budget Reconciliation Act of 1993, that portion of your membership dues used by the Montana Nurses' Association and the American Nurses Association for lobbying expenses is not deductible as an ordinary and necessary business expense.

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