known -can-include as a “professional services” duction, and this ductible expense actually denmark phone number library applies to a range of professionals who help with all things small business finance. When you hire a business lawyer, CPA, bookkeeper, online bookkeeping service, or tax consultant, their fees qualify as ductible business expenses.
I’ve had an accountant for my entire adult life but just recently switch over to a local one who specializes in small business. He’s sav me more money this year than my other accountant ever did.
Caroline Weaver, CW Pencils
11. Legal fees
If you hire or retain an attorney to prepare contracts, file trademarks and copyrights, negotiate leases, defend your business in court, or perform other services for your business, you can write off their fees.
12. Bad debts
Sometimes customers or clients simply won’t pay for the product or service you already disadvantages and risks of provid. It doesn’t matter how many statement reminders you send, you may never get that money. These are known as bad debts.
Bad debts, or uncollectible
Accounts, are money ow to you by a customer or client that you are unable to collect. You germany cell number can write off bad debts at the end of the first year if it turns out the debt is uncollectible.