Claiming business expenses on taxes is an important part of any successful business. It is the process of deducting all eligible costs from a company’s income, in order to reduce its overall taxable amount. By properly tracking and documenting these expenses, businesses can help to ensure that they are taking full advantage of all legal deductions available to them. This can make a big difference when it comes time to file their tax returns – resulting in higher returns and greater savings for their bottom line. As such, it is essential that businesses take the time to accurately record and claim all eligible business expenses when filing their taxes.