A business’ marketing budget can tie up a lot of capital, so it’s critical that you take advantage of every possible deduction at tax time.
Website Expense: the amount you pay for a website is a large deductible expense
Social Media: paying a consultant to run your social media accounts
Promotional Print Materials: including brochures business cards, postcards and flyers
Traditional Advertising: from a glossy magazine to a TV spot
Marketing Software: any CRM, social scheduling tools, constant contact
Special Promotions: sponsor for a local event or pay to have your logo featured on a local sports jersey
Consultant: to help design and conduct any of these marketing campaigns
Marketing: content creating, email marketing, graphic design, SEO
Business owners make tax deductions work to their advantage. By doing so they significantly lower their taxable business income.
Any strategy for keeping more cash in your pocket is worth understanding.
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