Business expenses are any costs incurred in order to maintain and operate your business. These essential expenditures can include everything from office supplies and employee salaries to travel and advertising costs. While typically not tax deductible directly, these expenses can help reduce your taxable income when used as deductions against your other income. By reducing your entire taxable profit through deductions and credits, you can effectively reduce the amount of taxes due on that income. So if you’re a business owner, be sure to take advantage of the opportunity to lower your taxes by properly tracking and deducting your business expenses!