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Even if you were careful not to download worms and viruses from The Google, your computer might misbehave from time to time and even develop some serious hardware issues. It might need a new fan [...]
Posted by: Paul O'Brien, March 9, 2010
If you are a hairdresser or beautician, you probably want some reassurance for your customers that you were not solely trained at boot camp. The cost of the cosmetology license so often displayed can be deducted. If you rent a chair or booth at a salon, the cost of the rental is deductible as well. [...]
morePosted by: Lisa Shaw, March 5, 2010
An advertisement is an advertisement is an advertisement. They all get deducted under Advertising. Just be sure to keep a record of what you actually paid (This will be in your Facebook account and should be in Outright).
More than your record of it, it might even be a good idea to do a screen capture [...]
Posted by: Lisa Shaw, February 27, 2010
So you've hired a designer to work on your website or perhaps create a new log for your business and you want to know if the cost is deductible. Good news! It is.
morePosted by: Paul O'Brien, February 22, 2010
Let's assume here that you are not blowing things up. If your business is demolitions (or chasing roadrunners), then carbonite will probably be "inventory." Having a great deal of it might lessen your chances of having an IRS auditor visit you, but you might find Homeland Security taking an interest.
morePosted by: Lisa Shaw, February 21, 2010
You use your vehicle for business-related purposes such as sales calls, transporting the children or elderly you care for, or delivering Avon products; you live in an area with a snowy winter (which in 2009/2010 seems to be most anywhere). Your vehicle needs to be road-worthy for the driving conditions, and your mechanic or mother [...]
morePosted by: Lisa Shaw, February 20, 2010
Your Doggy Day Care clients need snacks and entertainment, and YouCanHazDeduction. If you sell pet products and they are part of your wares, they are also deductible as Inventory.
morePosted by: Lisa Shaw, February 19, 2010
Cost of goods sold can be a difficult concept for small businesses. Cost of Goods Sold is the cost to produce or acquire the products that you sell.
morePosted by: Wray Rives,
Given the prevalence of flu germs lately, any business that involves working with the public in any capacity can probably call this hand sanitizer a legitimate business expense. It's particularly necessary in a daycare, home care, visiting nurse or pet business where germs of all sorts abound and the clientele are considered more at risk. [...]
morePosted by: Lisa Shaw, February 18, 2010
We are referring here to a uniform used in the Personal or Health Care industry and not to the TV show, unless you are starring in it, in which case you probably aren't using Schedule C.
morePosted by: Lisa Shaw,
Your Livelihood Right Now
Welcome to Outright - a place to get advice, and share your small business knowledge and experiences... right now!
Asked Mar 14, 2010
by M&G Wordshop
