Business reason: The company I work for was fined for not acquiring permits, Can I write that off as an expense ?
This goes to an Other Expense account named NonReportable. Or, it comes out of Equity, not as Expense.
There is never a Business reason to violate Laws; that is why it is not reportable or deductible. Business expense = Ordinary and Necessary in the course of business.
Not “Because I decided to […]
Resolution for 'Business reason issue: 'The company I work for was fined for not acquiring permits, Can I write that off as an expense ?' available: Yes.
The Business reason issue or error code is a known issue in Quickbooks Online (QBO) and/or Quickbooks. Support for this issue is available either by self-service or paid support options. Experts are available to resolve your Quickbooks issue to ensure minimal downtime and continue running your business. First try to resolve the Business reason issue yourself by looking for a resolution described in the article. If it is a complex Business reason issue or you are unable to solve the issue, you may contact us by clicking here or by using other Business reason support options.
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