75+ Tax Write-Offs for Business Owners

Our most frequently asked question during tax season is, “Can I write that off?”

When it comes to tax deductions for business owners, the best way to ensure that an expense can be written off as a tax deduction is to ask us—people who are familiar with your unique business and the tax code.

For an expense to be deductible, it must be both ORDINARY and NECESSARY for your business.

Per the IRS, “An ordinary expense is one that is common and accepted in your industry. A necessary expense is one that is helpful and appropriate for your trade or business. An expense does not have to be indispensable to be considered necessary.”

With that being said, I’ve compiled a list of 75+ expenses that could be deductible for you.

Office Office Furniture Utility Expenses Rent Expense Office Supplies Internet Expenses Cleaning Services Telecommunications Moving Expenses Building Maintenance + Repairs		Staff Payroll Expenses Medical Insurance Training Expenses Year-End Bonuses Uniforms
Vehicle (1) Highway Tolls Depreciation Maintenance + Fuel Mileage		Contractors Contract Labor Sales Commissions Professional Services Consulting Fees Accounting Services Tax Preparation Realtor Commissions Web Designer
Miscellaneous Amortization Depreciation Interest Expense Certain Taxes Paid Business Licenses Meals & Entertainment Bad Debt Expenses Start-Up Costs Charitable Contributions Client Gifts (up to $25/client)		COGS Manufacturing Costs Direct Labor Costs Shipping Costs Inventory Storage Costs
Banking Monthly Service Charges Payment Processor Fees ACH/Transfer Fees Account Set Up Fees		Advertising   Logo Design + Branding Social Media Templates Company Signage Business Cards Paid Online Ads Printed Flyers Purchased Ad Space Sponsoring An Event
Insurance Workers’ Comp Insurance Professional + General Liability Insurance Malpractice Insurance Rental Insurance Cyber Liability Insurance Employee Health Insurance		Education (2) Conferences Webinars + Trainings Industry Publications CE Courses
Technology Software + Licenses Cell Phone Tablets Laptops + Computers Wi-Fi Router		Business Travel (3) Airline Tickets Lodging Costs Rental Car Expenses Meals While Traveling Baggage Fees Dry Cleaning Tips Paid While Traveling Communication Costs

(1) Must be for business use.
(2) Must be tailored to your industry.
(3) Must be for a business purpose AND away from your tax home.

If doing your taxes isn’t for you, reach out to us for help. We have been helping business owners like you with their taxes for years.