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Claiming all my expenses

Discussion in 'Business & Tax Advice' started by Wealthy Wisdom, May 29, 2013.

  1. Wealthy Wisdom

    Wealthy Wisdom Power Member

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    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..
     
  2. andre09

    andre09 Junior Member

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    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.
     
  3. slybear

    slybear Junior Member

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    Of course. They are the cost of doing business.
     
  4. Wealthy Wisdom

    Wealthy Wisdom Power Member

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

    antichrist Jr. VIP Jr. VIP

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

    sadshow BANNED BANNED

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

    Eaglez Newbie

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    I claimed all advertising, SEO, software, and some computer parts as expenses.
     
  8. Lazlo1967

    Lazlo1967 Junior Member

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

    GauravJ Power Member

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

    seoactive Regular Member

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    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 xxx@gmail.com" and we will do it sort of thing. thanks.
     
  11. liondragon

    liondragon Newbie

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