Ryan Vaughn explains what makes a business expense tax deductible: it has to be ordinary and necessary, help run or grow the business, and improve your team or client experience. Laptops, software, conferences, coaching, and client lunches all qualify.
Everybody always talks about write-offs, but they don't ever tell you what actually counts as one. Number 1, is it ordinary and necessary for your business? Your laptop, your phone bill, your software, it all counts. Number 2, does it help you run and grow your business? The business course you bought, the conference you flew to, that coach you hired, all deductible. Number 3, does it improve your team or client experience? The lunch you went to with a client, the gift card you sent a customer, your employee benefits, write it all off. Comment deductions and we'll send you our free guide with 25 expenses you can write off starting today.
