Do you resist spending money on advertising your business? Often small business owners are confused with the umbrella term “advertising” come tax time. Advertising is simply anything you do to market your business. There are many ways to market your business, and traditional advertising is only one small category in a list of deductible expenses.
Traditional advertising is often the most expensive way to market your business. If you think advertising is the same thing as marketing, you are limiting your business tax deductions and utilizing the most expensive method of marketing. Advertising activities include anything you do to get the word out about your business or draw attention to a special promotion.
There are a plentitude of ways to market your business that are more effective and less expensive than traditional methods. Advertising and promotion costs are one of the easiest categories to turn into valid tax deductions. With all of the changes in technology and it’s influence on marketing small business, make sure you are deducting all of your legitimate marketing costs.
Here is a list of 2015 deduction categories underneath the advertising umbrella:
Website design and maintenance
Online marketing and media management services and software
Email campaigns and software
SEO and web traffic analysis
Fees paid to marketing and public relations agencies
Web advertising, banner ads, pay-per-click fees
Promotions and event costs
Promotional banner design
Business logo design and brand identity
Branded promotional or giveaway items (t-shirts, bags)
Brochures, mailers, flyers
Package design fees
Catalogs and menus
Business cards
Marketing materials print costs
Client gifts
Sponsorships
Bumper stickers, door hangers related to promoting business
Traditional advertising such as video, TV, radio, newspaper, magazine, yellow pages