Day: April 22, 2021

What Is a Write-Off? Definition and Examples for Small Business

A Write-off is an operational expense that is deduces for tax purposes. Anything you purchase for running a business profit is ‘expenses.’ For decreasing the total taxable revenue, you need to deduct the cost of these items from the income.  According to the IRS, write-offs include: vehicle costs lease or home loan installments  This article …

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