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Claiming SEO for Taxes

Discussion in 'Business & Tax Advice' started by natedogg, Mar 5, 2015.

  1. natedogg

    natedogg Regular Member

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    Hey, wondering if I can claim taxes from last year if I paid x amount of dollars every month on SEO? Would I claim the whole amount or is there a max amount? I'm in the US. Thanks
     
  2. t0mmy

    t0mmy Jr. Executive VIP Jr. VIP

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    Yeah man of course you would it's marketing/advertising and I'd put it all down.. we give invoices to clients all the time and I put invoices I've paid to other SEO companies in my books. My accountant did have a hard time understanding everything at first though as they don't normally deal with online businesses in my small area lol

    *edit: just seen you're USA removed the Irish part..
     
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  3. rabbitking

    rabbitking Elite Member

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    Yes, you always save proof of business expenses and claim them. That includes gas receipts, company lunch meetings,
    and marketing cost. Most if not a lot of the time clients request an invoice payment system for good reason. :)

    Office equipment counts too!
     
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  4. natedogg

    natedogg Regular Member

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    So last year I bought a iPad I can claim that?
     
  5. t0mmy

    t0mmy Jr. Executive VIP Jr. VIP

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    I would.. I claimed a new PC, laptop, iphone + bills and lots more.. because it's all stuff you can "justify" as business expenses (keep the receipts) as they're used for your business right? Not to say you can go out buying these every month. If in doubt ask your accountant man would be my advice, but a lot of things will fly.
     
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  6. rabbitking

    rabbitking Elite Member

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    You would have to show the receipt or hand it over to your accountant. Just make sure what you claim
    still physically exist or they could pinch you on that if an audit comes around.

    I claim office equipment or any cost of doing business. Also you have to be careful how you use what you
    claim day to day. I am very familiar with USA taxes because I have done business here for a good while,
    nevertheless I hate giving too much legal or tax advice.

    Speaking to a pro is the right way to go.
     
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  7. Fewski

    Fewski Junior Member

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    A business expense is a business expense. Right it off. :)
     
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  8. neu009

    neu009 Senior Member

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    Assuming you have invoices or other kind of receipts and it is a business expense then yes. For any assets you will have to write them off over a certain time unless you just starter your buiness, then you may be able to deduct it all in that year.

    But just my 2 cents talk to a CPA and he/she will sure be able to help you.
     
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  9. BassTrackerBoats

    BassTrackerBoats Super Moderator Staff Member Moderator Jr. VIP

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    Usually deducting the whole amount in a single fiscal year is fine for something in the computer genre for a business but if you use it for personal use you can only deduct the % of business use for which it is used. That is generally not something that triggers and audit but I would not lie to the IRS as they have more power than Reggie Jackson did in his prime.

    With computers for biz, in the USA, you may have the option of spreading out the depreciation over a 5 year period as well but for the insignificant amount of the cost of a tablet, you are probably safe just deducting the entire amount.
     
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  10. kypso

    kypso Junior Member

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    If the amount is below 700$ then I would deduct the whole amount instead of spreading it out over several years.
     
  11. cottonwolf

    cottonwolf Regular Member

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    If you don't want to read what you can legally claim as an allowable expense and want to avoid the possible consequences of getting it wrong, seek out an accountant. Not everything is claimable that you want to justify as a business expense, however most, if not all, seo expenses should be allowable, provided that the seo costs are related to your business. If a part of it is for personal use, that should be disallowed, at least in UK logic.
     
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