In the 14th century, plague ravaged Europe and Asia and was called the Black Death. Plague does not respond to penicillin, but other antibiotics are effective. Sanitary measures against fleas and rodents, quarantine and extreme caution in handling infectious materials help to suppress epidemics.
1. Expense recognition. Expenses are decreases in assets (e.g., rent expenses) or increases in liabilities (e.g., accrued utility expenses) that result from operating activities undertaken to generate revenue. Expenses are recognized in accordance with the matching principle. This principle mandates that the expense or cost of doing business is recorded in the same period as the revenue that has been generated as the result of incurring that expense or cost.
Be aggressive in deducting business expenses. If you can document the deduction, make sure you take it. Self-employment income adds directly to your adjusted gross income, so reducing it by claiming all potential expenses will lower the amount. In addition, a business loss is subtracted from your adjusted gross income. Structure your expenses to provide the maximum reduction in the year that you need it.