Yes, expenses for attending research or networking events related to your business are often deductible as professional development costs. This includes registration fees, travel, and lodging if they are directly tied to your business activities. Keeping accurate records, like receipts and event details, is essential for supporting these deductions. Tools like FlyFin can help simplify the process by categorizing and tracking these expenses, ensuring they meet IRS guidelines and qualify as deductible business expenses, ultimately reducing your taxable income.