Jump to content

The 6 Best Tax Write-Offs for Small Business Owners and Bloggers


I don’t know about you, but I don’t really like giving away my money to the government. I try to tell myself that taxes go toward all kinds of great things, but I still like keeping my money where I can see it. So, write-offs are kind of my jam.

In the most basic sense, I see this process as 1. you make money, 2. you owe the government some of that, and 3. if you re-invest money you make in your business, you don’t have to pay the government. Of course, it’s good to pay some taxes. Tax write-offs are a good way to motivate yourself to re-invest in your business.

So for this special report, I went back to my 2016 taxes and looked through the best tax write-offs I had. Take a look at the list below and see how you might be able to use your money on yourself instead of on street construction and all that jazz the government does.

1.’Other Business Expenses’

Dun-dun-dun-dun! And my biggest tax write-off as a small business owner of 2016 was…’Other Business Expenses’. Talk about vague. You see, the schedule c just didn’t have categories for all the kinds of things I purchased to support my business. What’s included in this broad category? The IRS explains what other business expenses are on a schedule c here (Check out the 3d paragraph). Some of my other business expenses included website hosting, a domain name email from Google, GoDaddy fees, and a voice recording app. These will be different for you. Just make sure you aren’t missing out on them!

2. Contract Labor

Once you get past the challenge of starting your blog or business and you’re making some money, hiring people to help you out can really come in handy. When I was starting to earn more and therefore also owe more taxes, I hired a social media manager and boy was it worth it!  There are tons of sites out there like UpWork.com where you can find great freelancers to help with your business.

3. Legal and Professional Services

The IRS describes this one as lawyers and accountants, but those are just examples. Intuit explained that any consultants to your business count as a write-off. I used this for my business coach and it was so worth it! You can also use it for professional association fees.

4. Business Assets

Did you get a new laptop that you use to blog or run your business on? That’s a pretty big write-off. I got an HP and a microphone so that clients can hear me really well on a Skype call.  Business assets also include printers, phones, etc.  Just be sure that you’re using it for business purposes and not personal.

5. Travel Expenses

I went on this incredible trip to Ireland and there was so much inspiration for my book there. By traveling with growing my business in mind, I was able to count this as a write-off. Going somewhere for a conference? That counts! Dream trip on the horizon? Find out how to get your business involved so you can write it off.

6. Home Office Deduction

Need I say more? Moving to an apartment with a small dedicated office has changed my business. Even if your work space is part of your home, make sure to measure the space you use and add it on your schedule c.

These are only a handful of tax write-offs that you should consider.  Want something more robust?  Seek out a local accountant to help answer any questions that are specific to your business.  Depending on the industry and type of business you’re running the write-offs will vary.

What are some of your best tax write-offs? Share them in the comments below.

Inspiring, Motivating & Empowering content + products for millennial career-minded women.

Instagram
  • Giveaway details:
1. Signup for our newsletter at lesnaly.com
2. Add us on Instagram
3. Wait for the winner to be announced on Instagram on May 6, 2017

We're giving away beauty goods to celebrate the launch of our new site! Check it out at lesnaly.com .
#careerwoman #career #girlboss #giveaway #giveaways #fblogger #bblogger #bbloggers #lifestyle #lifestyleblogger #writer #everygirl
  • Aww yeah it's going down. We're celebrating the launch of our new site design. Check it out and don't forget to signup by adding yourself to our email list and follow us on Instagram for a chance to win $150 worth of beauty products. .
#giveaway #womenwhohustle #girlboss #strongwomen #entrepreneur #smallbusiness #red #black #instagram #instadaily #bblogger #fblogger #travelblogger #writer #careerwoman #career
  • Welcome to the new Les Naly!  We've been working for months to bring you a new digital experience. Thanks to our team @necon_co for working so diligently with us on this endeavor.  Our marketing division, Les Naly Creative Group (LNCG), is officially here as well offering full-service marketing for companies. We're currently developing a unique package for digital influencers and bloggers that allows them to focus on content while we focus on site maintenance. Thank you to the entire crew at Les Naly and be sure to check out the site at lesnaly.com and register for our giveaway! #careerwoman #women #womenempowerment #womenempoweringwomen #smallbusiness #smallbusinessowner #marketing #marketingdigital #lifestyleblogger #bblogger #bbloggers #foodblogger #foodbloggers #travelblogger #writersofinstagram #writer #writers #launch #instadaily #instagood #websitedesign #blogger #girlboss #womenwhohustle #strongwomen #strongwoman #giveaway
  • Is your work commute 15min or longer?  Check out these 6 podcasts that will entertain, motivate and inspire you on the way home.  Hint: We just love @marieforleo  Don't miss out on her awesome podcasts - no joke. http://ow.ly/ojyv30b1lEs  #women #podcast #podcasts #marieforleo #work #career #careerwoman #lifestyle #lifestyleblogger #travel #commute
  • It's Tuesday, and we'd rather be in Paris right now.  Where are you daydreaming of? #lesnaly 📷 | @rachschroath

Download Request

Lorem ipsum dolor sit amet, consectetur adipisicing elit. Ab aspernatur beatae blanditiis culpa eius exercitationem mollitia repellendus.
Close