Recent Articles

Operational Costs

These are the typical expenses incurred to run a business. They are generally those costs not included in cost of goods sold and include mostly the office related expenses.

Internal Revenue Service (IRS) Definition of an Expense

04/03/2013

The Internal Revenue Service defines a business expense as ‘ordinary’ and ‘necessary’.  Ordinary expenses are those costs typically incurred in your industry.  So a restaurant would not ordinarily purchase vaccines.  And a medical [...]