35 Tax Deductions for Creative Business Owners
- Website
- Social media ad
- Business Cards
- Signs for trade or craft shows
- Business license
- Permits
- Materials ( yarn, fabrics, Wax, T-shirts, vinyl, beads, etc)
- Canva subscription
- Photo shop subscription
- Business loan interest
- Equipment rental
- Space rental ( booth)
- insurance
- Legal consultation
- Accounting
- Continued Education
- Books for your business
- Office Supplies
- Postage
- Shipping Supplies
- Phone
- Internet
- Travel Expenses
- Wages paid to others
- credit card processing fees
- Listing fees
- Auto Expenses
- Banking fees
- Repairs to office space
- Business association membership dues
- Computer
- Gift for Customers (up to $25.00)
- Health insurance
- Software
- Business use of home (Utilities, property tax, insurance, mortgage interest)
The important thing to ask yourself with any expense is.... Is this expense ordinary and necessary for your business ? If the answer is YES you can deduct it, however if the answer is no to either set...