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 the asterisks on this list?
Great question! Each deduction that’s been marked with an asterisk requires a little extra leg work on your part. I’m ALL about taking as many (legit) tax deductions as you can, so I included relevant tax deductions in this list, complex or not… because they can make a BIG difference in the amount of money you take home!
Essentially, if you plan on claiming a deduction marked with an asterisk, make sure you understand the legal requirements of the deduction, and keep specific records to safeguard your right to it. (If you have questions about a specific deduction for your business or need help figuring out your specific tax situation, I offer thirty-minute and one-hour consultations to help you get the clarity you need.)
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!