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How to Categorize Business Expenses?

Nanonets

Personnel Costs : Salaries, wages, benefits, and payroll taxes fall into this category. Platforms like Nanonets, QuickBooks, Xero, or FreshBooks can automate the tracking of expenses, invoicing, and payroll, significantly reducing the potential for human error and saving time.

IRS
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How to streamline your Expense Reimbursement process

Nanonets

Non-compliance with IRS or International Guidelines Misclassification of expenses can lead to tax compliance issues. Software Subscriptions:  Up to $500 annually per employee for professional development-related subscriptions. Client Entertainment:  Maximum of $100 per person per event.