write off ideas

sales expenses:

• advertising (did you send products to someone to post a pic?)

• business cards

• marketing materials

• bank charges

• prints

• ”promotional items” (team gifts)

• shipping / stamps

• gifts (up to a certain amount)

• products

• seminars / trade shows

• service charges

• snacks / beverages

• all party / meeting supplies

cellular

• cell phone bill

• iTunes

• apps

• subscriptions

• repairs

• accessories

professional

• memberships

• licenses

• publications

• training / education

• business clothing

• business maintenance (makeup, lashes, nails, tanning, hair, clothes, etc.)

office space:

• square footage of home used for office - “rent”

• new things purchased for home / renovations

• utilities (internet, gas, electric, water, house-cleaner, gardner, etc).

• updates to home

• all office decor/supplies/equipment

travel

• gas

• airfare / train

• uber / taxi / rental car

• hotel

• food / meals

• dry cleaning

• entertainment

• parking / tolls

vehicle:

• date placed in service

• odometer at beginning + end of year

• miles

• business miles

• commute miles

• personal miles

• is car leased?

• owned or financed?

• repairs / maintenance

• gas / lube / oil

• tires

• towing

• insurance

• licensing

• personal prop tax

• lease

• auto club

• warranty

• smog certificate

donations / charity

I also want to note that if you are “gifted” an iPad or Expensive item, you may be able to write that off as an acquired asset, speak to your financial advisor or tax person. If you earn a TRIP you will likely see this expense reflected on your 1099 (so if you’re doing the math and something doesn't add up- its most likely the trip expense.) You can request an itemized breakdown of the trip expenses and write those off accordingly.

I will continuously be adding to this list, I am not a professional Financial Advisor. I am writing this to help the team prepare for their taxes and have an idea of info to collect as they prepare for their 2019 taxes.