Deductible corporate expenses are those costs and outlays incurred in the operation of a business that can be deducted from its gross income to reduce the company’s tax burden. This deduction helps businesses keep more of their profits, allowing them to reinvest in their staff, products, and services. These deductible costs typically include salaries, wages, rent, insurance premiums, repairs, legal fees, advertising costs, depreciation of fixed assets, and more. In short, if it’s a legitimate business expense – it’s probably deductible!