setting|set|setACCOUNTINGto use orrecordone thing,especiallythecostof something, inordertoreduceorremovetheeffectof another:Costs of newequipmentormachinery, such as acomputer, can also beset againsttax.Therulesdo notallowsurplusesoverbookvaluein otherpartsof thebusinessto be set off againstreductionselsewhere.
set sth (off) against sth
phrasal verbwithsetverbuk
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/set/us
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setting|set|setTAXto say that anamountofmoneyshould beconsideredacostofyourbusinessand thatthereforeyou should notpaytaxon it:You canset offanything youspendoncomputerequipmentagainsttax.(Definition ofset sth (off) against sthfrom theCambridge Business English Dictionary? Cambridge University Press)#https://dictionary.cambridge.org//dictionary/english/set-off-against##
