Here are the main expenses which are fully deductible against your corporation or LLC’s income. For further information please see the IRS Publication 535.
Bank charges
Bookkeeping and Accounting fees
Business travel
Cleaning
Commissions paid and other sales expenses
Communication and telephone bills
Consultancy Fees
Contractor labor
Courier and postage
Default, credit and collection fees
Delivery costs
Employee benefit costs
Factory costs
Insurance
Interest paid
Legal fees
License fees
Marketing, advertising and promotion costs
Office supplies
Online subscriptions, domain fees, and hosting cost
Pensions
Print and copying costs
Professional education
Profit-sharing plans
Rental and lease costs
Repairs and maintenance
Salaries, wages, and other remuneration
Security
Software
Subscriptions
Supplies
Tools and equipment
Trade discounts
Training
Utilities
Partially Deductible Expenses
Example of only partially deductible expenses are as follows:
Gifts: are deductible up to $25 per person but gifts that cost $4 or less are fully deductible.
Transportation and vehicle expenses should be devided between personal and business use.
Home office usage shoud be devided between personal and business use (deductible).
Meals and entertainment are deductible at 50%
For information on partially deductible expenses, see Publication 463
For information on office deduction, see Publication 587