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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.
- 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.
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Let Us Replace Your Worries With Wealth.
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?
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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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