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What are the basic requirements for a business expense to be deductible?
Social Security
A government program that provides financial assistance to individuals during retirement, disability, or in the event of death, funded through payroll taxes.
Customer Service
The assistance and support provided by a company to those people who buy or use its products or services.
Labor Costs
The total expenditure that an employer incurs on employees, including wages, benefits, and taxes.
Generation X
The demographic cohort following the Baby Boomers, typically born between the early 1960s to late 1970s, known for its independent work ethic and technological adeptness.
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