10 Tax Write Offs for 2021:
It's tax season, oh joy! (Said nobody ever)
In this video, we talk about 10 ideas for tax write offs for your videography business. I am not a tax pro, but these are some ideas for you to explore with your CPA.
Here are my suggestions for write offs to explore:
-Vehicle for business usage
-Mileage to shoots, meetings, travel
-Gas and vehicle maintenance
-Travel meals
-Hotels, Flights, Ubers
-Home office space -Internet at home office
-Speaking of home, if you use the internet service for work -which we all do - you can pay for your home internet with your business card and write it off as an office expense Gear purchases
-An obvious one is buying or replacing new gear.
Pay with your business card and categorize it as an expense. Office or computer upgrades -Don’t forget your computer as a tool as well.
If I upgrade my editing machine, web cam, hard drives, or new modem for faster internet, all of this can be written off as well.
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