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  2. 15 Self-Employment Tax Deductions You Should Know - AOL

    www.aol.com/15-self-employment-tax-deductions...

    There are dozens of self-employment tax deductions, including advertising, retirement contributions, health insurance, self-employment tax deduction, travel expenses, business insurance, car ...

  3. 35 essential business expense categories for businesses of ...

    www.aol.com/finance/35-essential-business...

    Fuel, maintenance, insurance, and other car expenses are all business expenses, provided the vehicle is used exclusively for business purposes. The IRS standard mileage rate can also be deducted. 22.

  4. How to track business expenses in 6 simple steps - AOL

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    Companies that don't track and control business income and expenses are unable to adequately account for their financial past. Much like history, losing your grip on the past relinquishes control ...

  5. Net income - Wikipedia

    en.wikipedia.org/wiki/Net_income

    In business and accounting, net income (also total comprehensive income, net earnings, net profit, bottom line, sales profit, or credit sales) is an entity's income minus cost of goods sold, expenses, depreciation and amortization, interest, and taxes for an accounting period. [1] [better source needed]

  6. Accounting equation - Wikipedia

    en.wikipedia.org/wiki/Accounting_equation

    The income and retained earnings of the accounting equation is also an essential component in computing, understanding, and analyzing a firm's income statement. This statement reflects profits and losses that are themselves determined by the calculations that make up the basic accounting equation.

  7. Income statement - Wikipedia

    en.wikipedia.org/wiki/Income_statement

    Income statements may help investors and creditors determine the past financial performance of the enterprise, predict the future performance, and assess the capability of generating future cash flows using the report of income and expenses. It is very important for the business. However, information of an income statement has several limitations:

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