Claiming expenses for small businesses is an important part of being a successful business owner. It involves tracking and documenting every expense related to your business, such as travel costs, equipment, utilities, office supplies, advertising, and more. By properly claiming expenses, you can get a better picture of how much money your business is making or losing each month. This helps you make smart decisions about where to spend money in the future, maximize deductions on taxes, and control overall costs. At the same time, making sure that you are claiming all appropriate expenses helps you build a solid case for any financial help you might be applying for from the government or other sources. Simply put: claiming expenses helps you stay in the green!