Business Expense Deductions are deductions that businesses can claim to reduce their taxable income. Business owners can deduct a variety of expenses, including purchases of goods or services, the cost of employee benefits, and operational costs such as rent, utilities, and advertising. By taking advantage of these deductions, businesses can enjoy lower taxes and increased profits. Additionally, business expense deductions are a powerful tool for streamlining operations, as they help identify which expenses are necessary for running a successful business. Every business should evaluate their eligible deductions to ensure they’re getting the most out of their available discounts.