Business, tax and funding
business expense
In short and in plain language
A business expense is money spent for the firm.
Examples are goods, rent or ads.
It usually lowers the profit that is taxed.
The cost of building, caring for and hosting a website can count too. Big buys are sometimes spread over the time they are used.
Definition
A business expense is a cost incurred for the business, for example for materials, rent or advertising. It usually reduces taxable profit. The costs of building, maintaining and hosting a website can count as well; larger purchases are sometimes spread over their useful life.