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This is the 12 months by which Oak’s liability beneath the lease becomes fastened. Generally, if the particular guidelines apply, you should use an accrual method of accounting on your rental expenses, no matter your general technique of accounting. You can usually deduct the amount you pay or reimburse workers for business expenses incurred for your corporation. If, to promote worker goodwill, you distribute merchandise of nominal value or different de minimis gadgets to your employees at holidays, you can deduct the cost of this stuff as …
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