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This morning I will talk first about the quarter and then the full year. After that, I'll discuss our key assumptions in planning 2014. Sales in the fourth quarter were $9,202,000,000, up 1.4% on a comp basis and up 2.3% on a comp basis together with sales and license department.
The IRS refers to these as "ordinary and necessary" expenses. Besides the mundane supplies like staples and paper that you use every day, depending on the nature of your business, your necessary business expenses might include skis, a toolbox, kitty litter or an Internet marketing conference in Las Vegas, NV. The two keys to making unusual business deductions stick:Keep good records showing the reason for the expense and how it was used in or helped your business..
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