Q: What are known business expenses for bloggers?
A: One way to increase your blog profits is to sit down and make a list of all your known expenses for the year. It will take about 10 minutes, but it can help you save quite a few dollars and make sure you have plenty of green saved to cover your costs.
Here’s an accountant’s list of potential business expenses for bloggers:
- Domain name and registration fees
- Internet access fees
- Font, photo, or music downloads for your site. (Music? We know. But there are quite a few professional photographer sites out there that have background music playing with their main page slideshow.)
- Hosting fees
- A portion of your computer, iPad, or iPhone (whatever tool helps you blog/do your job) Read more about deducting your computer here.
- A fancy new camera or even your point and shoot.
- Software programs – time management or appointment software, Photoshop, etc.
- Purchasing ad space on other sites and blogs.
- Self-sponsored giveaways
- SEO services
- Books, magazines, online subscriptions that relate to your blogging topic
- Transportation to blog conferences, blogger meet-ups and the hotel fees that go along with it.
- Up to 50% of dining charges that are blog-related – meals while you’re at a blog conference, coffee dates, etc.
- Blogging conference attendance fees
- E-book purchases, online class fees – if it helps you learn more about your blog topic or business – it counts!
- New office furniture
- Marketing materials – business cards, letterhead, etc.
- Fees for professional licenses – maybe you blog about hair and you’ve got fees to keep up your stylist license.
- Giving away products and services
- Mileage – if you’re running errands that are blog-related, keep track! (i.e. you sell product that you ship to your customers – those trips to post office count)
Looking for more tax and virtual bookkeeping tips for bloggers? You’ve come to the right place. Check out our FREE Taxes & Accounting for Bloggers 101. You’ll find useful tips and ideas on making your blog finances a breeze. Still have questions or want to hire an expert? We can help with that too.
Check out our other Tax & Accounting FAQs for bloggers here: