NAICS code: 812990
Wedding planners have the time of their lives planning other people’s fairy tale weddings. However, doing taxes isn’t as exciting as witnessing two people becoming one and saying their heartwarming wedding vows. You may be a pro at keeping track of where the guests must be seated and how to calm down an anxious bride, but you may not know how to save your money on taxes. Listed below are some tax write-offs that will help you become a pro at tax planning and saving as well.
We have put together a list of the most common write-offs for wedding planners that you can use to deduct your expenses.
Online advertising
Write it off using: Schedule C, Box 8
The money you pay for Facebook Ads, Instagram Ads, and Google AdWords is a tax-deductible expense.
Productivity software
Write it off using: Schedule C, Box 18
Software you use for invoicing, tracking expenses, creating timesheets, and so on is deductible.
Conferences & retreats
Write it off using: Schedule C, Box 27a
The money you spend on conferences are tax deductible since they help you be up to date with the industry.
Wedding subscriptions
Write it off using: Schedule C, Box 27a
Newspaper, magazine subscriptions used for work-related research.
Event space
Write it off using: Schedule C, Box 20b
If you have to rent space to host a wedding event, write off the fee!
Personal marketing material
Write it off using: Schedule C, Box 8
Pamphlets, business cards, and other marketing material to promote your business.
Website & hosting fees
Write it off using: Schedule C, Box 8
Squarespace, Wix, GoDaddy, and other website service fees are fully tax-deductible.
Creative assistance
Write it off using: Schedule C, Box 8
Hiring a wedding choreographer, editor, photograph or a stage designer can be writen off.
Phone, laptop, accessories
Write it off using: Schedule C, Box 27a
If buy a phone or laptop and use it for work, it’s partially deductible.
Educational books
Write it off using: Schedule C, Box 27a
Educational books to increase your knowledge and skills are tax write-offs.
Office supplies
Write it off using: Schedule C, Box 18
Deduct anything you buy for your office, like pens, binders, folders, printer ink, or a whiteboard.
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.