Advertising Costs = Business Expenses?

by BryanC

Posted: 15 years ago 12 replies

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My grandmother spent her career owning her own tax office until she retired several years ago. She seems to think I can write off my Facebook advertising costs for CPA offers as business expenses on my taxes. I think she's nuts. Since she did do taxes for a living, I thought it would be worth posting here to have others assure me I'm right.

#advertising #business #costs #expenses

PandoraMarketing 15 years ago

Your Grandmother is 100% correct!

Of course you can, It's advertising which is a business expense!!!!
Write the LOT OFF!

Listen to your nan mucka!

GL
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Shaz07 15 years ago

I would say she is correct as well. I mean you can technically write off the laptop you use for facebook, the internet you use, the electricity, etc.

Just need to document well for that though.
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CPATrendPhil 15 years ago

She is 100% correct.

If your advertising costs aren't expenses for you, what are expenses? lol
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TEC 15 years ago

Like everyone else said yes you can. There is a list of things you can right off. If you use Turbo Tax they will walk you thorough what you can write off and what you can't
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PandoraMarketing 15 years ago

You can pretty much write off everything you payout aslong as it is for the business, i.e - Advertising, Hosting, Domains, Software, Hardware, Office Equipment, Professional Services, % Of Electric Used (If at home divide by number of rooms), Business trips i.e Conferences/Affiliate Meetups........

the list goes on

Just make sure you get a receipt for everything and try and use the business account for your expenditure to keep track easier.

Hope this helps!
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- Matthew NY 15 years ago
  
  It is most definitely a business expense. I know for a fact that people try to even "stretch" the business expenditure concept to get money back on things they are just buying for themselves. For example, my friend bought himself a brand new computer for gaming, but he wrote it off saying that he needed it for his business.
  
  Write off anything that is even remotely linked to your business. If you can save on something, why not?
  
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  jeffrey73 15 years ago
  
  Why would you NOT write off your ad-spend? YOU take the hit for money you paid to Facebook? You didn't make that money, you spent it.
  
  Say you spent $50,000 on materials for a job and you made $20,000 in labor. Does that mean that the IRS should tax you on $70,000? Sure, they would love to, but it is not the way it works. The $50,000 is written off to a business expense, because it was necessary to complete the job. The material charges is profit between the supply house and the manufacturer. Therefore, they are responsible for tax on their own profits, not you.
  
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bookswealth 15 years ago

Of course you can.

Any single $ you spend in order to gain a $ of revenue is classified as a business expense and is therefore eligible for a tax write off.
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- Edwards WOrld 15 years ago
  
  Just do what your Grandma Said !
  
  -EA
  
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PandoraMarketing 15 years ago

and don't forget the women you pay for too.... don't lie we all know
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PandoraMarketing 15 years ago

Hahaha, we have to remember to add a little fun into the world of marketing otherwise we'd all be sad old rats :p
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Scott B 15 years ago

Even ebooks, courses, and WSOs that you buy can be written off as business expenses.

A home office can be written off a business expense as long as that space is:
1) The principal location of business for that business entity, and;
2) used exclusively for the purpose of that business.
So, if you sometimes spread papers spread across your dining room table, that doesn't count as a home office...at least not for tax purposes. But if you take your spare bedroom and put in a desk, filing cabinet, phone line, etc then you're probably ok. Your home expenses (rent, utilities, etc) can be deducted in the same proportion as the percentage of square footage dedicated to business operations.

Don't give up a single penny that you don't have to!
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