EPISODE · Mar 31, 2022 · 8 MIN
75 Expenses the Government may allow you to Deduct!
from What's Kenner French Thinking! · host R. Kenner French and VastSolutionsGroup.com
Accounting feesAdvertisingAmortizationAuto expensesBanking feesBoard meetingsBuilding repairs and maintenanceBusiness travelBusiness association membership duesCharitable deductions made for a business purposeChildren on payroll (Models?)Cleaning/janitorial servicesCameras (Yes, people have them still)Collection expensesCommissions to affiliatesComputers and tech suppliesConsulting feesContinuing education (conventions and trade shows also)Costs of goods soldCredit card convenience feesDepreciationDining and office foodDronesEducation and training for employeesEquipmentExhibits for publicityFranchise feesFreight or shipping costsFurniture or fixturesGifts for customers ($25 deduction limit for each)Group insurance (if qualifying)Health insuranceEquipment repairsHealth Reimbursement Arrangement (HRA)Health Savings Account (HSA)Home office (280a)InterestInternet hosting and servicesInvestment advice and feesLegal feesLeased vehicle or equipmentLicense feesLosses due to theftMaterialsMaintenance and janitorialMortgage interest on business propertyMovingNewspapers and magazinesOffice supplies and expensesOutside servicesPayroll taxes for employees (Social Security, Medicare taxes and unemployment taxes)Parking and tollsPass-Through 199A DeductionPension plansPostagePrizes for contestsReal estate-related expenses (rent included)Rebates on salesResearch and developmentRental (Investment) propertyRetirement plansRoyaltiesSafe-deposit boxSafeSpouse on payroll (oh, employees also)Social media advertisingSoftware and online servicesStorage rental (rental lockers)SubcontractorsTaxes (personal and real property)TelephoneTravel that is business orientedUtilitiesWebsite design/consultingWorkers’ compensation insurance
What this episode covers
Accounting fees Advertising Amortization Auto expenses Banking fees Board meetings Building repairs and maintenance Business travel Business association membership dues Charitable deductions made for a business purpose Children on payroll (Models?) Cleaning/janitorial services Cameras (Yes, people have them still) Collection expenses Commissions to affiliates Computers and tech supplies Consulting fees Continuing education (conventions and trade shows also) Costs of goods sold Credit card con...
NOW PLAYING
75 Expenses the Government may allow you to Deduct!
No transcript for this episode yet
Similar Episodes
No similar episodes found.
Similar Podcasts
No similar podcasts found.