Articles by Tom Hardej

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Billable expense income: Definition and examples
Billable expense income is revenue recorded when a client reimburses costs a business paid on their behalf, such as travel, materials, or subcontractor fees.

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What are electronic receipts and how do they work?
E-receipts are digital proofs of purchase delivered via email, SMS, or app, used for expense tracking, tax deductions, and audit documentation.

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Proof of purchase: What counts and what doesn't
Proof of purchase is a verifiable document, like an itemized receipt or invoice, that shows a buyer paid a seller for a specific product or service.

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Discretionary expenses: Definition and examples
Discretionary expenses are non-essential costs you can adjust, reduce, or cut without disrupting core operations, like travel, perks, and premium software.

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Is depreciation an operating expense?
Depreciation is typically classified as an operating expense for assets used in core business operations, reducing operating income on the income statement.

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Business travel expenses and deductions
Ordinary and necessary costs you incur while traveling away from your tax home, including transportation, lodging, meals, and incidentals.
