It’s tax time again and we wanted to remind you to deduct the MODMACRO services you paid for in 2012. Our services are 100% tax deductible for your business. Everything we do is completely tax deductible including web design, web hosting, SEO, content marketing, email marketing, etc. Most businesses write-off our services under the category of “Advertising Expenses”. These expenses come off your gross revenue thereby reducing your taxable income. And unlike some deductions, these expenses carry the full weight of their amounts. In other words, if you spent $5,000 on your website the deduction will take the same $5,000 off your taxable income.
With regard to advertising expenses, the IRS states that “You generally can deduct reasonable advertising expenses that are directly related to your business activities.” According to Inuit, the makers of TurboTax, some common examples of advertising expenses include…
- Business cards
- Web advertising, banner ads, pay-per-click fees
- Promotional purchases and giveaways (T-shirts, caps, bags, pens)
- Brochures, mailers, flyers
- Fees paid to ad and public relations agencies
- Web site creation and hosting
- Business logo design
- Marketing e-mail, direct mail campaigns
- SEO and web traffic analysis
- Billboards, signs and display racks
- Sponsorships
- Banners, posters for business
- Bumper stickers, door-hangers related to promoting your business
