Turbotax loan in foreign country11/21/2023 ![]() ![]() The company must purchase the equipment specifically for business use, however. Qualifying new and used equipment is a business expense. The payment may be in cash, property or in-kind services. Typically, businesses can classify the amount they pay employees for their services as deductible. What are business expense categories that businesses should track? The four most common types of business expenses include: Employee Wages
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