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What are you writing off for your online business?

by Rien
8 replies
Hi all, I am in the midst of doing my taxes and wanted to see what every one else is writing off. I have included things such as supplies, software, subscriptions, home office space, etc. Anyone have any other things they would add?
#business #online #writing
  • Profile picture of the author DrGUID
    I put stuff on my expenses you wouldn't believe!

    I put all my self-help books on my company expenses - I figured if I was paying taxes on revenue from my self-help eBook then I was sure as hell going to do some market research on expenses.

    I do also put anything vaguely IT related on expenses.
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  • Profile picture of the author dvduval
    Phone bill, miles on your car, hotel stays, and meals where you met to discuss business would be a few more.
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  • Profile picture of the author molsted
    Paint. Furniture. Drumkit (music research!). All expenses that are related of course....
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    • Profile picture of the author marciayudkin
      Some expenses I (legitimately) deduct...

      Cell phone subscription (I use it mainly for business)
      Daily newspaper subscription (I find articles there that I write about)
      Magazine subscriptions (ditto)
      Seminars + travel expenses for them
      Some trips that I have written about or visited with clients on (have documentation for this!)

      Marcia Yudkin
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      • Profile picture of the author Jill Carpenter
        vodka......
        (it's for medicinal purposes and helps me write)
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        "May I have ten thousand marbles, please?"

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  • Profile picture of the author deeljea
    You can write off so much, talk to a tax professional and they'll dig out all the expenses you can write off
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  • Profile picture of the author jazbo
    I never earn enough to pay tax...
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  • Profile picture of the author ARVolund
    Before claiming a home office double check and make sure you really meet all the requirements. They are pretty exacting and making the claim ups your chance for an audit by a huge percentage.

    Originally Posted by Rien View Post

    Hi all, I am in the midst of doing my taxes and wanted to see what every one else is writing off. I have included things such as supplies, software, subscriptions, home office space, etc. Anyone have any other things they would add?
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