Is is executive coaching tax deductible a business expense?
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Executive coaching is deductible as a business expense if it is intended to improve skills required in your current business or trade. It should not be for personal development or to qualify you for a new trade or business. For example, if a business owner hires a coach to improve leadership skills to better manage their current business, this is deductible. However, if the coaching is for personal growth or to prepare for a new career, it is not deductible.