Nowadays writing a lifestyle blog is a great way to be an influencer. Whether you're blogging about food, travel, health and so many things, there are so many things you can claim as your tax deduction.
Firstly, you need to choose blogging as your business, not as a hobby. This means it will include regularly earning money from your blogging, either in direct fees or sponsorships from companies about whom you blog. If you are still unknown about this thing contact a tax accountant Perth. But here we have mentioned some points about you.
So, let's have a look on the expenses you can claim if you have a blogging business:
Internet costs
The first thing is the internet, you can claim your internet-related expenses, that includes hosting fees for your blog, domain name registration fees, blogging software fees and image or music downloads for your blog.
Good thing is that you can also claim a proportion of your home internet costs if you run your blogging business from home. On the other hand if you work from an office that is away from home, you can claim all your internet costs.
Computer equipment
The second thing is computer equipment. If you're a self-employed blogger, until 30 June 2019, you can claim a tax deduction for any business-related equipment you purchase of less than $20,000. This will include your computer or laptop, wireless router, keyboard, mouse, monitor, webcam and digital camera.
Office expenses
The best thing is that if you are running your blogging business from your home, you can claim part of the rent on your home as a tax deduction. Also you can deduct a portion of your household bills for that space such as electricity, water and gas.
Communications-related expenses
You can claim business-related landline and mobile phone calls, also a proportion of the cost of the mobile phone that you are using for business purposes.
Office equipment & stationery
You will also be able to claim items of office furniture such as your desk and chairs. All the items of stationery and office consumables you use in your blogging business are claimable.
Advertising and promotion charges
The money that you are expending on your advertising and search engine promotion are claimable.
To know more consult with Tax Return Perth
