Home office expenses

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Home office expenses
Similar to individuals, businesses can claim a portion of their eligible home office expenses.

Dining and Entertainment
Some business meal and entertainment expenses are deductible, example of thailand phone number though there are limitations. The key is to show a direct connection to generating business income.

Professional Development
Expenses associated with classes, seminars, and conferences related to your business are generally deductible.

Bad Debt
Does a customer owe you money? If you have done everything you can to collect it, you may be able to write it off as a bad debt expense. Remember, proper documentation is critical!

Business loan interest payments
In many cases, interest paid on loans used for business purposes is deductible. We recommend that your business keep detailed records of all income and expenses to support its deductions. It is highly recommended to consult a tax professional to understand the complex business deductions.