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The cost of any apps and online tools you use to run your business, such as subscriptions to Adobe Creative Cloud, Evernote, or Dropbox can be claimed under Other Common Business Expenses>Other Miscellaneous Expenses.
See the screenshot below.
[Additional screenshots added 4-11-16 7:52 am PST]
The cost of any apps and online tools you use to run your business, such as subscriptions to Adobe Creative Cloud, Evernote, or Dropbox can be claimed under Other Common Business Expenses>Other Miscellaneous Expenses.
See the screenshot below.
[Additional screenshots added 4-11-16 7:52 am PST]
@JaLaMooNo, I'm no expert, but based on my understanding of the earlier reply: - If you operate on a cash basis, then you could have deducted the entire 1-year subscription paid in 2016 on your _2016_, not 2017, tax return. The rule appears to be, for expenses paid in advance for:
- anything lasting 12 months or less and ending before the end of the _next_ tax year (2017 in your case) can be deducted in full in the year in which you pay them (2016).
- anything lasting more than 12 months or extending past the end of the _next_ tax year would have to be deducted in pro-rated pieces: one piece for each tax year that your payment is paying for. So I guess if you paid for a 2-year subscription in November 2016, I think you would deduct 1/2 (12 months) in 2016. For the other half, I'm less sure; maybe deduct the other half in 2017.
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