- Incurred in connection with your trade, business, or profession.
- Ordinary and necessary expenses (as defined by the tax authorities).
- Must not be lavish or extravagant under the circumstances (as defined by the tax authorities).
1800Accountant is a national accounting firm that assists small and new businesses in all 50 states, Canada, Australia and the UK. Our mission is to provide small businesses with affordable accounting and tax preparation services. Our experienced team of over 100 in house tax professionals is ready to start working for your business today. Call for a free consultation.