Claiming all my expenses

Wealthy Wisdom

Power Member

Dec 15, 2011

764

382

• May 29, 2013

• #1

I'm doing strictly YT + CPA and that's where all my earnings come from. Of course i'm on multiple networks so I don't have all my eggs in just one of them lol.

But now i'm wondering if buying services for my videos can be used on tax deductions at the end of the year?

I've bought a lot of views, likes, subscribers, and comments for them through a couple sites (boosted the hell out of 20 videos)

When taxes come around will I be able to deduct all of the services i've paid for during the year? because it's actually quite a bit that i've spent..

 

andre09

Junior Member

Jul 15, 2008

173

260

• May 29, 2013

• #2

All the SEO and social media expenses I accumulate I've given to my accountant as 'advertising expenses'. I think you should be able to.

 

S

slybear

Junior Member

Dec 8, 2012

130

34

• May 29, 2013

• #3

Of course. They are the cost of doing business.

 

Wealthy Wisdom

Power Member

Dec 15, 2011

764

382

• May 29, 2013
• Thread Starter Thread Starter

• #4

Nice, exactly what I wanted to hear... now it's time to boost some more videos!

 

antichrist

Elite Member

Aug 21, 2012

1,954

2,632

• May 29, 2013

• #5

Absolutely! I plan to right off all my SEO expenses. I hope I can even write off part of my car.

 

sadshow

BANNED

May 29, 2013

111

37

• May 29, 2013

• #6

You should definitely be able to count them as business expenses to get a deduction. Business is business.

 

E

Eaglez

Newbie

Feb 26, 2012

34

8

• May 29, 2013

• #7

I claimed all advertising, SEO, software, and some computer parts as expenses.

 

Lazlo1967

Junior Member

Aug 15, 2012

198

55

• May 29, 2013

• #8

Yes, you can deduct them. Don't forget your other expenses like Internet connection, hosting, cell phone, etc.

 

G

GauravJ

Power Member

Jul 25, 2012

626

209

• Jun 9, 2013

• #9

Yes, They can be claimed as business expense but beware to maintain Invoice for such purchases.

 

S

seoactive

Regular Member

Nov 15, 2012

409

22

• Jun 10, 2013

• #10

I am curious if I can use "paypal transaction details" as invoice. Most SEO service I purchased don't really have a formal/official invoice, they are services like "Just send me $20 to [email protected]" and we will do it sort of thing. thanks.

 

L

liondragon

Newbie

Aug 5, 2011

7

1

• Jun 10, 2013

• #11

Paypal receipts definitely can be used for deduction. Also, I wouldn't worry to much. IRS is too busy this days.