Business Expense Cheat Sheet
Business Expense Cheat Sheet
Examples of "Write-Offs" using Lifestyle's Corporate Framework
Examples of "Write-Offs" using Lifestyle's Corporate Framework
Critical Asset Expenses
The objective is to optimize business results. Critical Asset expenses will be anything related to the health, wellness, or growth of the designated critical human assets.
Examples include:
Health and Wellness
Therapy, gym memberships, health care premiums, healthy food, ergonomic office furniture, etc.
Recharging and De-stressing
Family retreats or spa time.
Safety and Security
Rent, housing costs, or car services.
Optimized Workflow
Childcare, meal services, and technology equipment.
Creative input and skills
Educational classes and workshops, concerts, and entertainment events.
Other
Any other expenses related to Critical Asset optimization.
Critical Asset Expenses
The objective is to optimize business results. Critical Asset expenses will be anything related to the health, wellness, or growth of the designated critical human assets.
Examples include:
Health and Wellness
Therapy, gym memberships, health care premiums, healthy food, ergonomic office furniture, etc.
Recharging and De-stressing
Family retreats or spa time.
Safety and Security
Rent, housing costs, or car services.
Optimized Workflow
Childcare, meal services, and technology equipment.
Creative input and skills
Educational classes and workshops, concerts, and entertainment events.
Other
Any other expenses related to Critical Asset optimization.
Brand Image Expenses
The objective is to increase brand visibility and differentiate in the marketplace. Any expenses related to that purpose will be ordinary, including the appearance of workers.
Examples include:
Physical and Digital Experiences
Brand consulting services, promotional merchandise, promotional events, and digital production software.
Employee Uniforms
Based on the specific industry. If dealing with people, whatever clothing is appropriate to ensure brand is represented in teh highest standard and viewed favorably within the targeted demographic.
Status Enhancements
Employee grooming services, apparel and accessories, other cosmetic enhancements, and material items improving the brand’s status.
Brand Image Expenses
The objective is to increase brand visibility and differentiate in the marketplace. Any expenses related to that purpose will be ordinary, including the appearance of workers.
Examples include:
Physical and Digital Experiences
Brand consulting services, promotional merchandise, promotional events, and digital production software.
Employee Uniforms
Based on the specific industry. If dealing with people, whatever clothing is appropriate to ensure brand is represented in teh highest standard and viewed favorably within the targeted demographic.
Status Enhancements
Employee grooming services, apparel and accessories, other cosmetic enhancements, and material items improving the brand’s status.
Corporate Partnership Expenses
The objective is to increase brand awareness, value, distribution and gain access to new networks to grow revenue. Any expenses related to collaboration with other corporations.
Examples include:
One-Time or Recurring Promotions
The one-time or recurring financial incentives are expensed by initiating promotional agreements with other corporations.
Costs Related to Collaboration
Costs incurred during the collaboration with others such as meals, materials, and service fees.
Technical Equipment
Software, communication devices, and physical equipment to help facilitate the collaboration will be ordinary expenses.
Corporate Partnership Expenses
The objective is to increase brand awareness, value, distribution and gain access to new networks to grow revenue. Any expenses related to collaboration with other corporations.
Examples include:
One-Time or Recurring Promotions
The one-time or recurring financial incentives are expensed by initiating promotional agreements with other corporations.
Costs Related to Collaboration
Costs incurred during the collaboration with others such as meals, materials, and service fees.
Technical Equipment
Software, communication devices, and physical equipment to help facilitate the collaboration will be ordinary expenses.
Industry Specific Expenses
The objective is to discover new revenue channels based on available resources. Once a new industry is activated, any related expense will be considered ordinary.
Examples include:
Research Costs
Research and experimentation, e.g. if activating music production, expenses related to music discovery, such as genre-specific events, or music subscription services.
Material and Equipment Costs
Costs related to the industry. If acting or modeling services are activated, materials such as makeup or fashion attire will be expenses.
Specific skill building
Costs related to improving skills within an industry, e.g. if real estate services are activated, classes or workshops related to real estate or licensing fees will be expenses.
Industry Specific Expenses
The objective is to discover new revenue channels based on available resources. Once a new industry is activated, any related expense will be considered ordinary.
Examples include:
Research Costs
Research and experimentation, e.g. if activating music production, expenses related to music discovery, such as genre-specific events, or music subscription services.
Material and Equipment Costs
Costs related to the industry. If acting or modeling services are activated, materials such as makeup or fashion attire will be expenses.
Specific skill building
Costs related to improving skills within an industry, e.g. if real estate services are activated, classes or workshops related to real estate or licensing fees will be expenses.
Manifested in Brooklyn, NY, USA • © 2025 Lifestyle Creations Inc. All rights reserved.
Lifestyle Creations Inc. is not a law or financial firm. We do not provide legal or financial services or advice. We provide self-help frameworks, tools, and information for your convenience.
How it Works
hello@lifestyle.game
(800) 363-3082
68 Jay St. Suite 201
Brooklyn, NY 11201
LIFESTYLE
Manifested in Brooklyn, NY, USA • © 2025 Lifestyle Creations Inc. All rights reserved.
Lifestyle Creations Inc. is not a law or financial firm. We do not provide legal or financial services or advice. We provide self-help frameworks, tools, and information for your convenience.
How it Works
hello@lifestyle.game
(800) 363-3082
68 Jay St. Suite 201
Brooklyn, NY 11201
LIFESTYLE
Manifested in Brooklyn, NY, USA
© 2025 Lifestyle Creations Inc.
All rights reserved
Lifestyle Creations Inc. is not a law or financial firm. We do not provide legal or financial services or advice. We provide self-help technology tools for your convenience.
How it Works
hello@lifestyle.game
(800) 363-3082
68 Jay St. Suite 201
Brooklyn, NY 11201
LIFESTYLE