List of Typical Business Expenses
Following is a list of typical business 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
