And what employers want is important â the number of jobs in this field through 2020 is expected to grow 21% faster than average. Your degree program should teach you specific medical codes, how to code accurately and how to use field-specific computer programs and technology, according to Carlson.
12. Taxes incurred in operating your business are generally deductible. How and when they are deducted depends on the type of tax: 1  Sales tax on items you buy for your business's day-to-day operations is deductible as part of the cost of the items; it's not deducted separately.
Can I deduct exempt transactions? Yes. You will report (1) the total sales for your business and (2) purchases that are subject to use tax. Some sales will not be taxable and can be deducted to reduce the total amount subject to tax. For example, some labor charges are not subject to tax. If your total reported sales include nontaxable labor charges, you will need to claim a deduction for those charges. Otherwise you pay too much tax.