Tax-Deductible Expenses

To help offset taxable profits, a corporation can deduct its business expenses. These include basically any money the corporation spends in the ordinary and legitimate pursuit of profit. Some of the principal business deductions include:

  • Costs associated with medical plans
  • Ordinary operating expenses
  • Product and advertising outlays
  • Retirement plans for employees
  • Salaries and bonuses
  • Start-up costs

Inside Tax-Deductible Expenses