Self-Employed Business Expenses

agt55 — Tue, 24 Feb 2026 07:04:01 GMT

I started my business two years ago, and every year, I find myself scrambling to categorize all of my business expenses come tax time. This year, I started a spreadsheet to keep bookkeeping more organized, but I want to make sure I'm thinking of everything. What business expense categories should I be keeping track of year-round? I know marketing/advertising, travel, insurance, etc.? Thanks for any help!

Re: Self-Employed Business Expenses

Donna F 77 — Wed, 30 Aug 2023 17:52:56 GMT

Expenses that are allowable for your business are expenses that are ordinary and necessary. You should be keeping track of all ordinary and necessary expenses for your line of work. Some common expenses are Advertising, Bank fees, Interest, Rent, Insurance, Travel, Communications (internet, phone, etc), Wages, Payroll Taxes, Contract Labor, Office expenses, Accounting, Legal, etc. Here's a link to the IRS answer:

https://www.irs.gov/pub/irs-pdf/p535.pdf

topic Self-Employed Business Expenses in Self employed

Self-Employed Business Expenses

Re: Self-Employed Business Expenses