Financial Design Co

If you feel like you've heard "ordinary + necessary" a billion times, it's because it comes directly from §162 of the tax code.

If you want to write off a business expense, it needs to be both:

Ordinary → commonly accepted in your industry.

Necessary → helpful and appropriate for your business.

A general contractor buying tools for s construction site? That checks out. ✔️

A general contractor buying designer shades because they sometimes work outside? Probably not gonna fly with the IRS. 🤨