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#Writedown when equipment breaks software
Any CRM, social scheduling tools, or marketing software.Monthly costs or annual subscriptions (which generally come with a discount) for software like the following:.Technology and Marketing Software Expenses Influencer Marketing (May require 1099 contracts depending upon the amount paid)ĥ.Linked In, Facebook, Twitter, Instagram, ad campaigns.Fees to companies that manage your social media accounts, and subscription-based social media sites like LinkedIn Pro.Paying a consultant or marketing agency (anyone outside your company) to run your social media.Costs for hiring a consultant or marketing agency to conduct any of the campaigns above or below.Paid Media Marketing: Google AdWords or Search Pay-Per-Click (PPC) campaignsģ.Display banner ad campaigns (except political sites).Document all of the different accounts and companies you pay each month to deduct website expenses if you use more than one.Website fees for hosting and maintenance.Designing, developing, and creating your website.8 Common Marketing Expenses That Are Tax-Deductible Below we'll break down 8 categories of marketing expenses that are tax-deductible, tell you which ones are not, and what is considered marketing according to the IRS.
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Marketing and advertising expenses aren't a particularly tricky tax-deduction as long as they are directly related to your business activities. When done right and with professionals, marketing and advertising can have a high ROI. Advertising and marketing expenses qualify as an ordinary, reasonable, and necessary tax deduction. The answer is "YES!" The government allows you to deduct marketing expenses used to generate or keep customers. Whether you are just starting a digital marketing campaign or thinking about hiring a marketing agency, one of the questions you might be asking is: "Are marketing expenses tax-deductible?"
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