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Don't forget to track these deductible expenses...
- Accountant's fees
- Admission fees for business events
- Attorney's fees
- Banking fees for business accounts
- Business and Professional Books
- Business telephone line installation and monthly bill
- Cost of courses you take to enhance your skills in your current line of work
- Food and entertainment for clients (50%)
- Home office expenses. Find out if you can claim a home office deduction.
- Insurance premiums for business insurance
- Licenses and permit fees
- Long distance calls itemized on your non-business phone line
- Membership fees for professional groups excluding clubs
- Miles driven in your personal car for any business purpose including trips to the post office, bank, library, and office supply store
- Office supplies including paper, pens letterhead, business cards, computer paper, printer ribbons, toner, folders, staples, etc.
- Online service monthly and hourly charges for services used for business
- Postage, Fedex, UPS shipping charges
- Software and hardware you buy for use in your business.
- Subscriptions to business and professional magazines and journals
Excerpted from The Computer Consultant's Workbook Copyright 1996, Janet Ruhl
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