Tax tips for your craft website
Miscellaneous February 10th, 2008If you haven’t started your 2007 taxes for your art business yet, here are a few expenses that you don’t want to forget to include when it comes to your website:
- Domain name fees
- Web hosting fees
- Any online service fees related to your online business (blogging service fees, email services, mailing list service provider fees)
- Website design fees
- Software purchases used in designing or maintaining your website
- Clipart and template purchases used in designing your website
- Merchant and gateway fees
- Internet Service Provider (ISP) fees (if you operate your business in your home, a portion counts as a utilities)
- Computer hardware used in designing your website (scanners, digital cameras, computer systems)
- Online advertising fees (AdWords, banner ads, sponsorships)
Now here’s the usual disclaimer…I’m not a tax expert, so of course you should run this list by your tax preparer or your accountant before you submit your return. This is just a list of expenses that my tax professional suggested that I look out for when preparing my taxes.