![]() ![]() You’ll want to keep track of the amount spent on: It’s important business vehicles are part of this list because the many expenses related to the use of an automobile can add up considerably. You should also include the actual production cost of the ad here. This category should also include charges related to online display or video ads, social media, SEM (or paid search), email marketing, sponsored content and remarketing. If you need income tax advice please contact an accountant in your area.Īdvertising Expenses should include any amount spent on ads for your business that appear in television, newspapers, radio, print or digital magazines, billboards, and direct mail. NOTE: FreshBooks Support team members are not certified income tax or accounting professionals and cannot provide advice in these areas, outside of supporting questions about FreshBooks. ![]() This is done by developing a list of popular business expense categories that each charge can be assigned to.Ĭategorizing your expenses will be helpful in keeping your company organized, for budgeting purposes as well as in assessing which expenses can be written off your taxable income at tax time. As a business owner, you can categorize your expenses for a small business.
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