NAICS code: 541600
Virtual assistants are self-employed people who provide services to clients while working remotely. They have a keen administrative eye and handle their client’s phone calls, travel arrangements, sending and responding to emails, and other things an executive assistant would do. If you’re a virtual assistant, you know all about working under pressure. However, you may not know a lot about tax write-offs. Allow us to simplify these write-offs for you.
We have put together a list of the most common write-offs for virtual assistants that you can use to deduct your expenses.
Productivity software
Use Schedule C, Box 18, to write it off
Software you use to track invoices and create timesheets. Write off the money you pay for software.
Headset
Use Schedule C, Box 18, to write it off
You need a good headset to talk to your customers online. Write off expenditure.
Online advertising
Write it off using: Schedule C, Box 27a
The money you spend to advertise your services is tax-deductible.
Website & hosting fees
Write it off using: Schedule C, Box 8
Squarespace, Wix, GoDaddy, and other website service fees.
Books & courses
Write it off using: Schedule C, Box 27a
Learn industry trends, read books, take online and offline courses that you can write off.
Office supplies
Write it off using: Schedule C, Box 18
Any office supplies you purchase, like pens, binders, printer ink and whiteboards.
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Business card
Write it off using: Schedule C, Box 8
Count your business cards as advertising expenses if your contact information on them.
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Social media tools
Write it off using: Schedule C, Box 18
Write off the tools you use to create assets, schedule posts or pull analytics.
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Phone, laptop, accessories
Write it off using: Schedule C, Box 27a
If you buy a phone or laptop and use it for work, it’s partially deductible.