Is is executive coaching tax deductible a valid tax write-off?
Executive coaching expenses are deductible as a business expense if they are ordinary and necessary for your trade or business. This means the coaching should be directly related to improving skills that are required in your current business or profession. For example, if you are a business owner and the coaching helps you manage your team more effectively, it may be deductible. However, if the coaching is more about personal development or unrelated to your business activities, it would not be deductible. It's important to document how the coaching relates to your business activities.