Is an expense (salaries, office supplies) a liability, not prepaid expenses?


Posted February 17th, 2009 by admin 5 Comments »
office supply
deb157_2000 asked:


I am working on a classified balance sheet and I am trying to understand if expenses are assets or liabilities….
I am putting all my expenses under liability because they have not been paid for yet……..

For my advertising job, sometimes i at my home office, purchasing material for trends, is this deductable?


Posted February 16th, 2009 by admin 2 Comments »
office supply
NG asked:


Are any office supplies or “entertainment” purchases made (movies, magazines, internet, etc) tax deductable? Most of these items are related to becoming for informed for work.

Could purchased items such as suits shoes, and office supplies be written off on taxes?


Posted February 14th, 2009 by admin 5 Comments »
office supply
n_icoles ♥BMSD Stilettos♥ asked:


IF they were purchased for work?

For my marketing job, sometimes work i at my home office, purchasing material for trends, is this deductable?


Posted February 11th, 2009 by admin 4 Comments »
office supply
NG asked:


Are any office supplies or “entertainment” purchases made (movies, magazines, internet, etc) tax deductable? Most of these items are related to becoming for informed for work.