Expenses can be divided into several different types, including equipment costs, inventory, and facilities costs. These business expenses can be further divided into overhead or operating costs ...

The Bottom Line In business and in accounting, wages and salary are two different types of expenses. Wages are hourly rates paid to workers, and they may vary seasonally along with business demand ...

You can often deduct 100% of qualifying ordinary and necessary business expenses. However, according to Lei Han, CPA, “It’s important to be aware of the limits on certain types of deductions.