Freelance Writing Business Expenses: What Should you Claim?

Chocolate isn’t a business expense? That is just wrong.

Business Expenses for Freelance Writers

Don’t worry. There are plenty of things Freelance Writers can claim for business expenses. For those working from home, you can claim a portion of your home and all the bills that come with it (think heat, water, phone, internet service, insurance, taxes, repairs, etc.). You can also claim equipment (computer, office chair, desk, etc.), supplies (paper, ink, sticky notes, etc.), and membership dues. If you have gone to any conferences, include those too. How about advertising, transportation costs (you have to meet with clients sometimes, so make sure to write off the mode you use to get there), and other miscellaneous expenses (coffee with potential business partners? That counts!). Any time you spend money on something remotely related to running your business, keep your receipts, so that you can use them come tax time.

I went through some of my own expenses this morning in anticipation of 2012 winding down. It’s almost time to start collecting all those receipts my fellow writers! Now how many lunches did I go on, and highlighters and day timers did I buy this year?

Remember, if it seems too much to wrap your head around, a good accountant can help you organize everything and let you know what you should keep for next year. When in doubt, claim all the business expenses you can!