Tax deductions

Meaning

Are business expenses you can subtract from your income before you pay taxes, for example equipment you’ve bought.

Key points

• Tax deductions appears frequently in invoicing, payment handling, and bookkeeping workflows.
• The term improves clarity between clients, suppliers, and accounting teams.
• Consistent use supports cleaner documentation and better reporting quality.

Practical use

In Nexbal workflows, tax deductions is used to keep invoice and payment operations structured and auditable.