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Questions? Concerns? Call me on (732) 673-0510.

So many people call me wondering what they can expense in their businesses.

This memo attempts to give you a detailed list of the most common expense categories. 

NOTE: Don’t limit yourself to this list! There may be other expenses you come upon that may need a special categorization.

If you have any questions, text or call me on 732-673-0510.

Specific additional categories for Realtors, Investment Properties and Entertainers are at the end.

Deductible expenses include, but are not limited to:
  • Advertising
  • Automobile – Fuel
  • Automobile – Insurance
  • Automobile – Lease
  • Automobile – Loan Payment
  • Automobile – Maintenance
  • Automobile – Registration
  • Bank Charges
  • Business Miles Driven & Total Miles Driven
  • Clerical help
  • Coaching
  • Commissions
  • Construction – Improvements
  • Construction – Engineering / Architect
  • Construction – Permits
  • Continuing Education
  • CRM – Customer Relationship Management software
  • Dry Cleaning
  • Dues & Subscriptions
  • Equipment purchased  (Computers, Cameras, Cell phones, Printers)
  • Facsimile
  • Home Office (click this link to download worksheet Click Here)
  • Insurance – Business
  • Insurance – Health
  • Interest Expense
  • Internet Related
  • Inventory Purchases
  • License & Fees
  • Lodging
  • Marketing
  • Meals (100% Deductible After 2020)
  • Merchant Account (Credit Card) Fees
  • Office Rent
  • Office Supplies
  • Payroll (Wages)
  • Payroll Taxes
  • Payroll Processing Fees
  • Photography
  • Podcasting
  • Postage
  • Professional Fees – Accounting
  • Professional Fees – Legal
  • Promotion
  • Raw Materials – Cost of Goods Sold
  • Referral Fees
  • Repairs & Maintenance
  • Seminars
  • Software
  • Social Media Consultants
  • Subcontractors
  • Supplies
  • Safety Equipment
  • Tax Return Preparation
  • Telephone
  • Tolls & Parking
  • Travel
  • Uniform
  • Utilities
  • Video Production
  • Wages (Payroll)
  • Web Services
  • Work Tools
  • Real Estate Rental Property Specific
    • HOA Fees
    • Improvements
    • Inspections
    • Landlord Insurance
    • Mortgage Interest
    • Real Estate Taxes
    • Travel To The Property
  • Realtor Specific
    • MLS fees
    • SupraKey
    • Closing / New Homebuyer Expenses – Classified as advertising, not gifts
    • Signs
    • Staging Costs
    • Open House Costs
  • Entertainment Specific
    • Beauty Supplies
    • Clothing / Costumes
    • Dry Cleaning
    • Makeup & Hair Styling
    • Props
    • Plastic Surgery

Please call me on 732-673-0510 to discuss your specific situation.

Get my podcasts and memos in your inbox by clicking here —> http://eepurl.com/7rJdT

Click here to request a consultation or ask me a question.

Please reach out to me without hesitation with any tax, business or

accounting question, and to schedule a consultation.

Tax Laws are complex.

It is very easy to make mistakes that can incur penalties.

Do you have a Tax, Accounting or Business Question?

Call Me Immediately. (732) 673-0510.

Is your CPA or Attorney

ignoring your Phone Calls and Emails?

Call Me Immediately. (732) 673-0510.

Remember,

“If We Aren’t Working For You, Then You Aren’t Working At Your Best”

Chris Whalen, CPA
(732) 673-0510
81 Oak Hill Road
Red Bank, NJ 07701
www.chriswhalencpa.com

Red Bank • Rumson • Colts Neck • Holmdel • Middletown • Lincroft • Brick • Toms River • Sea Bright • Deal • Little Silver • Long Branch • Asbury Park • Bradley Beach • Belmar • Brielle • Eatontown • Fair Haven • Farmingdale • Highlands • Atlantic Highlands • Howell • Locust • Monmouth Beach • Shrewsbury • Spring Lake • Tinton Falls • Monmouth County

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