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Old 03-18-2010, 03:16 PM  
Adraco
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Join Date: May 2009
Location: Onboard an airplane around the globe
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Quote:
Originally Posted by DirtyWhiteBoy View Post
Just think about everything you have to do to run your business. THAT is what you get to write off. Just have some sort of record for it all be it your bank statement, receipts or anything else you can use.


A good rule to go by is that you can generally take up all expenses that you had to pay to be able to earn some money. Like hosting, or you couldn't sell your content. Pens, computers, epass fees and so on, or you couldn't run your business. If you had an expense that was necessary in order for you to earn money, it's generally something you can deduct from your earnings which will in turn make you show lower profits, and after all you're taxed upon the amount of profit you made.
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