Typical Business Expenses

List of Typical Business Expenses

Following is a list of typical busines expense categories. Which ones will be applicable to your business?

Accounting/bookkeeping, and financial consulting fees

Advertising expenses

Automobile expenses (only the percent that is used for business)

Bank service charges and fees

Books and periodicals

Business/trade conventions

Business gifts (annual limit of $25 per recipient)

Business meals (50% is deductible)

Coaching fees, if related to your business

Computer, printer, and software (if used over 50% for the business)

Consultant fees

Depreciation and amortization

Dues for professional and trade associations

Education expenses for maintaining or improving required skills

Email, Internet access, and web hosting services

Fax machine

Insurance expense

Legal and attorney fees

License fees and taxes

Merchant account or credit card processing fees

Office furniture and equipment

Office supplies

Online services used for the business

Parking and tolls

Postage and shipping

Printing and duplication

Self-employment taxes

Start-up expenses (amortized over 60 months)

State and local business taxes

Preparation of business tax return

Telephone expense (only for a separate business line)

Travel expenses