Its the end of the year, so let’s talk business write offs!

There are several tips that you can follow when it comes to marketing expenses and writing them off as business expenses:


  1. Keep good records: It is important to keep detailed and accurate records of all your marketing expenses. This includes receipts, invoices, and any other documentation that can support your expenses.
  2. Understand what is deductible: Marketing expenses that are directly related to your business are generally deductible. This includes things like advertising, public relations, and market research.
  3. Know the limits: There are limits to what you can write off as a business expense. For example, you cannot write off personal expenses or expenses that are considered lavish or extravagant.
  4. Use the right tax form: When it comes time to file your taxes, make sure to use the right tax form for your business. For example, if you are a sole proprietor, you will use a different form than a corporation.
  5. Consult a tax professional: If you are unsure about whether a marketing expense is deductible or how to properly claim it on your taxes, it is a good idea to consult with a tax professional. They can help you understand the rules and ensure that you are taking advantage of all the deductions and credits that are available to your business.