To be deductible, a business expense must be both ordinary and necessary. An ordinary expense is one that is common and accepted in your trade or business. A necessary expense is one that is helpful and appropriate for your trade or business. An expense does not have to be indispensable to be considered necessary. It is important to separate business expenses from the following expenses:
A duple meter metronome that is useful for 2/4, 2/8, 2/2 (cut time), and 6/8 when it has two beats per measure.
A CenterPoint Energy smart meter at the Memorial area home of Joy Demark shown Tuesday, March 13, 2012, in Houston. The meters provide real-time power use information to electricity distributors and customers. (Melissa Phillip / Houston Chronicle). A CenterPoint Energy smart meter at the Memorial area home of Joy...