Expense categories
What tax category is this expense?
Every page is answered live by the product's own categorizer, not by a string in a template.
office supplies
Office supplies normally falls under Office expense. This is because office supplies are used to operate and maintain a business, such as pens, paper, and…
software subscriptions
Software subscriptions normally fall under Office expense. This is because they are used for business purposes, such as accounting and bookkeeping, and are…
business meals
Business meals normally falls under Meals. This is because business meals are a type of expense that is directly related to the operation of the business, and…
client entertainment
Client entertainment normally falls under Meals. This is because meals are a common setting for business discussions and entertainment, and the category is…
gas and fuel
Gas and fuel normally falls under Car & truck expenses. This is because gas and fuel are used to operate a vehicle, which is a necessary expense for a…
vehicle repairs
Vehicle repairs normally fall under Car & truck expenses. This is because these expenses are directly related to the operation and maintenance of a vehicle…
vehicle insurance
Vehicle insurance normally falls under Insurance (non-health). This is because it protects against financial losses due to accidents or other unforeseen…
liability insurance
Liability insurance normally falls under Insurance (non-health). This is because it protects against financial losses due to business-related lawsuits, which…
office rent
Office rent normally falls under Rent or lease on Schedule C. This is because it's a necessary expense for running a business, and it's not a personal expense…
equipment rental
Equipment rental normally falls under Rent or lease. This is because it is a payment for the use of equipment, rather than its purchase.
utilities
Utilities normally falls under Utilities on Schedule C. This is because utilities are a necessary business expense, and they are not considered personal or…
internet and phone
Internet and phone normally falls under Utilities. This is because these services are essential to running a business and are not considered personal…
website hosting
Website hosting normally falls under Office expense. This is because it's a business expense related to running and maintaining a business website, which is a…
online advertising
Online advertising normally falls under Advertising. It belongs here because it's a direct expense of promoting the business, like print or radio ads.
printed marketing
Printed marketing normally falls under Advertising. This is because it is a direct expense related to promoting the business, such as business cards…
trade show fees
Trade show fees normally fall under the Uncategorized category. This is because trade show fees are not specifically listed as a deductible expense on…
contractor payments
Contractor payments normally fall under Contract labor. This is because contractor payments are for services performed by independent contractors, which are…
payroll
Payroll normally falls under Wages. This is because payroll expenses are directly related to the income earned by the business.
accounting fees
Accounting fees normally fall under Legal & professional services. This is because accounting services are considered a necessary expense for running a…
legal fees
Legal fees normally fall under Legal & professional services. This is because legal fees are related to the operation of a business, such as consulting with…
business licenses
Business licenses normally fall under Taxes & licenses. This is because business licenses are fees paid to the government for the right to operate a business…
state filing fees
State filing fees normally fall under Taxes & licenses. This is because they are a necessary expense of doing business, similar to other business-related…
merchant processing fees
Merchant processing fees normally fall under Commissions & fees. This is because these fees are directly related to the business's income from sales, making…
bank fees
Bank fees normally fall under Commissions & fees. This is because bank fees are typically related to business transactions, such as wire transfers or…
credit card interest
US sole proprietor Schedule C interest category for credit card interest
inventory purchases
Inventory purchases normally fall under Cost of goods sold. This is because they are directly related to the production or sale of goods, and are therefore…
packaging supplies
Packaging supplies normally falls under Supplies. This is because packaging supplies are a necessary expense for conducting business, and they are not…
tools and materials
Tools and materials normally fall under Supplies, as they are used up or consumed in the business over time.
repairs and maintenance
Repairs and maintenance normally falls under Repairs & maintenance on Schedule C.
business travel
Business travel normally falls under the Travel category on Schedule C.
hotels
Hotels normally fall under the Travel category on Schedule C. This is because hotel expenses are directly related to business travel, and are not considered…
rental cars
Rental cars normally fall under the Travel category on Schedule C. This is because rental cars are typically used for business travel, and the cost of the…
coffee for the office
Coffee for the office normally falls under Meals. This is because it's considered a business expense related to employee meals, but it would belong under…
streaming subscriptions
US sole proprietor Schedule C tax category for streaming subscriptions
gym memberships
Gym memberships normally fall under Owner's draw. This is because gym memberships are considered personal expenses, not business-related expenses.
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