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Tax writeoffs for your business

Discussion in 'BlackHat Lounge' started by acp0rnstar, Jun 1, 2009.

  1. acp0rnstar

    acp0rnstar Junior Member

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  2. blackhataffiliate

    blackhataffiliate Senior Member

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    If your paying taxes, you should definitely write off expense. Domains, hosting, memberships to forums such as BHW, eBooks, software, the list goes on and on.
     
  3. heiny

    heiny Regular Member

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    Make a company and do the write-offs from there. That's how it works in most countries I believe - you get "company taxed", but you can add the write-offs ontop of it so you end up paying much less in tax :)
     
  4. markdsullivan

    markdsullivan Registered Member

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    also, i just started my business this year.. i was told at the chamber of commerce in my city that ANY expenses from up to 3 years before you register your business and such is tax deductible... as long as its business related u know...
     
  5. digdugg

    digdugg Junior Member

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    Clothes can also be written off as tax-deductible. I.E. buying a nice suit to meet clients then obviously that is able to be written off. Also think meals/entertainment whenever you go to any marketing conferences, prospecting clients, etc. Mileage can also be added to these travel expenses.

    Lastly if your raking in more than 50k/year I'd say get an accountant and let them worry about all that.
     
  6. acp0rnstar

    acp0rnstar Junior Member

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    How can I write off the expenses of my many online businesses. For example, eBay, CPA stuff, PPC campaigns, my Amazon stores, my eBook business. I was thinking about making 1 company and say it's a "marketing" company which does all these things and do do write offs for 1 company. Not sure if theres a better way