Before we meet, you’ll be asked to fill out an expenses form. If an expense is considered reasonable and common to your field of work, it can be deducted before calculating your income.
Think broadly about what you spend money on that could be associated with your business. For instance, if you’re a graphic designer, the movies you see and the galleries you visit may qualify as research – after all, the art you experience enriches your work!
And skim through the Income & Expenses section of our FAQ to learn more about common business expenses.
Get started on your taxes by signing up for an account with Brass Taxes today.