business expenses

business expenses definition - business

business expenses

The cost of carrying on a business or trade. To be deductible for tax purposes, expenses must be ordinary (common and accepted in the business) and necessary (helpful and appropriate).

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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