What happens next?

How to save your business tax dollars
Identify ordinary and necessary expenses.
A business expense must be both ordinary and necessary to qualify for deduction. Analyze all business expenses to see if they qualify.

A). They may need to work out whether or not you provide them as ordinary expenses, such as leasing or building space. For example, you may not have to do business at all for a few months at a time.;
B). An expense is ordinary when it is common and accepted in your industry or trade. For example, buying magazines to put in a waiting area is a common and accepted expense for dentists.;
C). Generally, you must use your business bank account to pay taxes. Deductions occur when you spend more money on products or services that are important to you, money you already own, and other businesses and organizations.;
D). Ordinary expenses include rent, insurance, food, electricity, utilities, etc. Ordinary expenses may include equipment expenses and workers' compensation; these contribute to one's investment.;
B).