Which business expenses are tax deductible?

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  • Marcus
    Confirmed User
    • Jul 2001
    • 3472

    #1

    Which business expenses are tax deductible?

    Hate thinking about taxes, but its getting close to that time.

    This year I bought:
    1. content
    2. hosting/bandwith
    3. traffic
    4. software and scripts

    are these all tax deductible?
  • Quoth the Raven
    Confirmed User
    • Mar 2001
    • 617

    #2
    All of them are tax deductible, plus all your office expenses (i.e. electricity, heat, rent, papers, pencils, computer, scanner, monitor)

    ------------------
    Quoth the Raven, nevermore.
    Quoth the Raven, nevermore.

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    • Marcus
      Confirmed User
      • Jul 2001
      • 3472

      #3
      kick ass! thanks Quoth the Raven

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      • SinEmpire
        Confirmed User
        • Nov 2001
        • 9813

        #4
        And I suppose depending on how much gross revenue you have to work with you might also have some justifiable entertainment expenses, etc. For example, every time I go to Vegas it's all on the company dime. Doesn't hurt that when I take vacations with my wife I usually have a meeting or two (since I seem to know people everywhere...)

        Cheers

        Brad
        SinTalk.com
        President at MojoHost | brad at mojohost dot com | Skype MojoHostBrad
        71 industry awards for hosting and professional excellence since 1999

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        • Keev
          Confirmed User
          • May 2001
          • 5335

          #5
          Anything that can be related to running your business!

          Pencils, Taco Bell runs for lunch (of coarse your taking a client out, gas money, airfare, u name it, if you can think up anything and justify its use for business its a write off!


          ReliableServers.com - NO REF LINK!

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