Whether you identify as a creative, small business owner, solopreneur or freelancer, it can be challenging to find a list of applicable small business creative tax deductions!
I think every business deserves access to good small business creative tax deduction information because it can easily be the difference in paying thousands more every year in taxes.
So here we go…
List of Small Business Creative Tax Deductions:
- Professional dues and licenses
- Professional memberships and memberships to non-profits
- Professional subscriptions
- Office rental (or co-work space)
- Legal fees
- Accounting fees
- Home office *
- Home office utilities *
- Postage & delivery
- Private mailbox fees
- Office furniture
- Bookkeeping software (such as QuickBooks Onlineor FreshBooks)
- Your blog theme and purchased plug-ins
- Your website hosting (such as BlueHost)
- Purchased fonts and stock photography for website or marketing materials
- Your website domain
- Any web design services or maintenance
- Professional photography for promotional materials
- Professional videography for promotional materials or training you offer clients
- Professional conferences and workshops admission (local and far)
- Lodging, transportation & travel costs to professional events *
- Graphic design
- Food (for hosted gatherings or open houses, etc.) *
- Cell phone
- Continued education
- Virtual assistants
- 1099 subcontractor staff
- Payroll processing (need a recommendation? try Gusto Payroll)
- Professional e-courses that will elevate your skills for running and growing your business
- Commissions paid out
- Business gifts
- Auto expenses (many possibilities on how to take and what to include – one option, is of course, using the mileage method) *
- Parking for events and business-related activities
- Meals & entertainment *
- Office supplies
- Computer *
- Merchant processing fees
Now… let me be honest, this list of small business creative tax deductions is just a start.
To really be able to write-off the lucrative stuff in a way that will withstand audits, you want to make sure you understand exactly what rules and procedures you need to follow. Not only will this keep you, your business and your money safe, you’ll learn how to write-off more than you probably thought possible in a totally ethical way that doesn’t take much of your time.
If you’re ready to get clearer on your small business creative tax deductions, join me in the Tax Deduction Challenge and we’ll get to it!
Aaaand, make sure you check out these tax deductions checklists for a few niche profession from a blog series I started awhile back to help give more clarity. So far we’ve got Bloggers, Realtors, Fitness Instructors and Health Coaches. Up next? Virtual Assistants, Direct Sellers & Performing Artists.
Download your free niche tax deduction checklist here:
*Items with an asterisk are more complex tax deductions that you need to take a little care with. Make sure you understand the tax law and documentation you need around these deductions before proceeding. You can find a lot of other helpful info on my site and the Tax Deduction Challenge.
If you’re ready to get full clarity on all your small business tax deductions, join me in the Tax Deduction Clinic (coming soon!)