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If the business has long-term loans, the business owner has to be aware of exactly what those loans are. Most small businesses have few loans if any, so this account is easy to verify.

1. Personal Grooming Generally, expenses such as haircuts, manicures, pedicures, etc. are not deductible. While most business owners have to be presentable and might spend a significant amount of ...

When it comes to managing expenses for a small business owner or operator, every dollar spent contributes to cash flow and long-term profitability. Efficient expense management requires a keen eye ...

How to Write Off Small Business Expenses Writing off small business expenses can help you lower your tax liability. Here's a look at what you can write off and how the process works.