financial burden or outlay
an item of business outlay chargeable against revenue for a specific period
an expense made in furtherance of one's business esp. as part of the cost of operating a business in the taxable year in which the expense is incurred compare capital expense
and personal expense
in this entry NOTE: Business expenses are generally tax deductible in the year the expense is incurred.
an expense made in a business that will provide a long-term benefit
NOTE: Capital expenses are not tax deductible as business expenses but may be used for depreciation or amortization.
an expense incurred in changing one's residence that is tax deductible if incurred for business reasons (as when one's job requires relocation)
or·di·nary and nec·es·sary expense
an expense that is normal or customary and helpful and appropriate for the operation of a particular business or trade and that is made during the taxable year called also ordinary and necessary business expense
NOTE: Ordinary and necessary expenses are tax deductible.
an expense incurred in the course of one's personal affairs as distinguished from the course of one's employment or the operation of a business compare business expense
in this entry NOTE: Personal expenses are usually not tax deductible.
to charge with expenses
to write off as an expense