Do you consider yourself a virtual assistant? Or, do you provide remote admin support from a home office?
If you said yes (and you’re looking for answers on virtual assistant tax deductions), terrific! This is the blogpost for you. 🙂
Whether you’re a 1099 subcontractor (considered a sole proprietor by the IRS), or operating under an S-Corp, you have tons of legit business expenses you can write off every year!
You may say, “But wait, I’m not sure what counts as a virtual assistant tax deduction.” Don’t worry – keep reading for the entire virtual assistant tax deductions list!
Virtual Assistant Tax Deductions List:
- Office Supplies
- Any web design services or maintenance
- Your blog theme and purchased plug-ins
- Your hosting (such as BlueHost)
- Your domain
- Graphic design
- Purchased fonts and stock photography
- Professional photography for promotional materials
- Professional videography for promotional materials or training you offer clients
- Materials for photos & film shoots (for instance, pink pencils to match all your pink branding) *
- Professional conferences and workshops admission (local and far)
- Training, certifications, and continuing education fees
- Lodging, transportation & travel costs to professional events *
- Professional styling (if needed for professional videos or photoshoot) *
- Food (for hosted gatherings, as props, etc.) *
- Professional dues & subscriptions
- Editing of photos and videography for any content you produce *
- Content writers and collaborators
- Your own virtual assistants
- 1099 subcontractor staff
- Payroll processing (If you need to figure out how to pay yourself, read here. If you need a payroll processing recommendation, try Gusto)
- Professional e-courses that will elevate your skills for running and growing your business
- Giveaways *
- Legal fees (either to a professional or for legal templates)
- Bookkeeping software (such as QuickBooks Onlineor FreshBooks)
- +25 more virtual assistant tax deductions (download your beautiful, free checklist to get access to these additional 25 deductions below)
To get the complete tax deduction list with 25 more virtual assistant tax deductions, make sure you download your free checklist here:
Now, wait… what about those asterisks?
Great question! For all of these items that are marked with an asterisk, it means they’re more complex virtual assistant tax deductions that will require a little extra leg work on your part. I’m ALL about taking as many (legit) tax deductions as you can, so I made sure to include them in here, complex or not… because they can make all the difference in what money you take home!
If you plan on taking these tax deductions, just make sure you understand all of the requirements of these deductions (check out my free Tax Deduction Challenge that will get you started in the right direction), and keep purposeful records to ensure that the deductions you take will withstand an IRS audit. (As always, feel free to reach out and contact me if you have questions about these deductions!)
Over to you…
Are you struggling with determining what you can and can’t deduct even after reading this list? Did any virtual assistant tax deductions surprise you? Leave your thoughts and questions in the comments below!