When thinking about any business expense, I like to start with two words — ordinary and necessary. These two words are at the center of how the IRS defines a business expense. But they may not mean ...

Learn about general and administrative expenses, which aren't tied to production, including rent, utilities, audit, and legal fees. Discover how to manage these fixed costs.

Knowing your monthly operating expenses is crucial to managing your cash flow and budget. Operating expenses are costs that happen regularly, such as rent, utilities and payroll. They could also ...

There are many costs associated with running a business, but all of those costs don’t fall into the same bucket. One type is overhead costs, which are expenses not tied directly to the production of a ...