It's not always obvious what you can claim back as an expense when you're a blogger. Partly because blogging is such a new industry and partly because a lot of bloggers don't realise that they can do this.
If you're a blogger, I would suggest keeping a spreadsheet of any expenses you incur for your blog and if you start making money from your blog, you can reclaim them against your profit on your tax return, meaning you'll pay less tax (or even none at all)!
Here are some of the most common expenses for bloggers. Keep in mind that there may be conditions attached to some of these, and you should check with an accountant if you are unsure.
1. Website hosting
2. Domain name registration and renewal
3. Expenses incurred when attending blogging/business events
For example, train tickets and other public transport costs, mileage, overnight accommodation, food and drink
For example, Facebook and Instagram advertising
For example, Photoshop, Microsoft Office
6. Photo props
7. Computer software
8. Office supplies
For example, stationery
10. Professional advice
For example, legal or accountancy
11. Part of your internet bill
Apportioned to show the percentage you use
12. Blog design/templates
13. New equipment
For example, laptop, camera, printer
14. Equipment repairs
For example, laptop, camera
15. Business cards
I'm a financial coach and mentor helping female business owners to gain the knowledge and confidence they need to manage their finances successfully and have a positive relationship with money. If you're ready to take control of your finances, click below to find out how I can help you.
I also have a range of amazing resources which you can use to help improve your business finances.