It’s easy to purchase things on a daily, weekly, or monthly business and not realize that you’re purchasing them FOR your business.

And many of these purchases are perfectly acceptable to deduct as a business expense; just make sure you have proper documentation incase you’re faced with an audit.

The safest way to keep records is to purchase items with a credit card rather than cash, and also have receipts on your computer for online purchases and paper ones for in store purchases. (It also wouldn’t hurt to print out your online receipts.)

Here are some examples of expenses you should be able to deduct: (more…)