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.
The federal tax law allows businesses to take depreciation deductions on many assets that are used in the conduct of a trade or business. Many of these assets are depreciated under the Modified Accelerated Cost Recovery System or MACRS. Under MACRS, most of the time taxpayers may use the half-year convention.