Personal expense vs business expense
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Discuss the differences between a personal expense and a business expense and how they are treated in the tax law. Try to give examples with details.
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Discuss the differences between a personal expense and a business expense and how they are treated in the tax law. Try to give examples with details.
The business expenses are ordinary and necessary expenses incurred to carry on a business. For instance, the expense of paying salary to an employee of the business is a necessary and ...
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