Tag: Nondeductible Expenses

  • Nondeductible Expenses in Small Business

    Nondeductible Expenses in Small Business

    One of the more significant expenses for the small business owners is income taxes. Since most small businesses are tax pass through entities, it is beneficial to the business to have the least amount of net income in order to reduce the tax obligations of the owner(s). This is achieved by making sure every dollar expensed…