A sampling of business expenses you can deduct:

The Gist: can you prove in the case of an audit that what you deducted was solely for the benefit of the business?

• Home office deduction - percentage of home dedicated exclusively to business + percentage of utilities and internet

• Percentage of cell phone used for business

• 50% of Business meals when you have a business mtg (not eating lunch)

• Business transportation outside of regular commute

• Business travel for the duration of the business trip

• Research and education expenses - this includes classes, concerts, shows, streaming services if you’re a creative

• Professional services, like accountants, bookkeeping, legal, financial planning

THE BEST REASON TO HIRE AN ACCOUNTANT IS THEY’LL BE ABLE TO HELP MAXIMIZE YOUR DEDUCTIONS

🎥🛠️ Watch the whole Run Your Creative business like a Machine workshop!

Feel free to ask any questions in the comments below, the community chat, or email pam@getshameless.com to send a question anonymously and we'll share your question and our response here!

Top 4 Hidden tax deductions for artists:

Watch the video on IG or tiktok

My favorite hidden tax deductions for artists **disclaimer: i am not an accountant, please consult yours for advice on your specific situation

✅ Netflix, Hulu, Spotify, Disney+, Audible - any streaming service
✅ Concerts, dance performances, comedy shows, theater shows
✅ Books, vinyl records, cassette tapes, visual art pieces
✅ Art supplies, music equipment, costumes (must be pieces that can only be worn on stage)
✨✨✨ Essentially, any art you experience or anything you use to create art is a tax deduction!

If you need an accountant here's who we recommend:

Philly Tax Prep for Artists - https://www.phillytaxprepforartists.com/ - they can meet with folks across the country and they're a worker coop which is so cool.

Inspired Vision Tax - inspiredvision.tax - robert@inspiredvision.tax - I've known Rob for years and he's our accountant, his team does bookkeeping, accounting, and tax prep and they work with a lot of small businesses and creatives.

Feel free to ask any questions in the comments below, the group chat, or email pam@getshameless.com to send a question anonymously and we'll share your question and our response here!