Monday, March 31, 2008

What Can You Write Off On Taxes?

I'm not a tax expert, please consult a tax professional.

I do have a a few tips on what you can write off. It's basically anything for your business. Make sure to keep all your receipts, just in case you get audited. You can also use credit card statements, credit card sale slips, bank statements, canceled checks, invoices and paid bills as proof.

A Few Samples of What You Can Write Off

+ Hardware/Software
+ Training/Conferences
+ Books/Magazines
+ Subscriptions/Memberships
+ Office Expenses
+ Advertising/Promotions
+ Mileage
+ Web Hosting/Internet
+ Office/Cell Phone
+ Research

A Few Tax Resources

+ The Internal Revenue Service
+ Business Expenses
+ Self-Employment Tax
+ Tax Strategies
+ Hang on to that Receipt!
+ Deductions Your Small Business Shouldn't Miss
+ How to Keep the IRS From Knocking on Your Door
+ The Truth About Receipts for Business Purchases

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About me

  • Mayhem Studios is a small award-winning design firm located in Los Angeles, California, developing identity and brand recognition for the business sector across the nation. The Studio uses strategic and creative design with effective messages targeted to the client's specific audiences to produce identity and branded collateral pieces, annual reports, brochures, logo design, advertising and interactive web sites. Calvin Lee, Principal & Creative Director of Mayhem Studios is a graduate of Platt College and serves as a member of the Platt College Advisory Board for the Visual Communications Department, NO!SPEC Committee and on the Creative Latitude Management Team.
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