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Archive for December, 2013|Monthly archive page

One Minute Accounting

In Uncategorized on December 31, 2013 at 10:28 pm

To be deductible, a business expense must be both ordinary and necessary. An ordinary expense is one that is common and accepted in your trade or business. A necessary expense is one that is helpful and appropriate for your trade or business. An expense does not have to be indispensable to be considered necessary.

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