{"id":77,"date":"2022-03-27T20:00:00","date_gmt":"2022-03-27T20:00:00","guid":{"rendered":"http:\/\/MI%20Digital%20Solution"},"modified":"2024-04-04T09:26:25","modified_gmt":"2024-04-04T13:26:25","slug":"5-essential-write-offs","status":"publish","type":"post","link":"https:\/\/kloudbooks.biz\/blog\/5-essential-write-offs\/","title":{"rendered":"5 Essential Write-Offs"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"77\" class=\"elementor elementor-77\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-202203e elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"202203e\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4eafdf8\" data-id=\"4eafdf8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-76e6248 elementor-section-full_width elementor-reverse-tablet elementor-reverse-mobile elementor-section-height-default elementor-section-height-default\" data-id=\"76e6248\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-f2ff5dc\" data-id=\"f2ff5dc\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fbc63f7 elementor-widget elementor-widget-theme-post-title elementor-page-title elementor-widget-heading\" data-id=\"fbc63f7\" data-element_type=\"widget\" data-widget_type=\"theme-post-title.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 15-04-2024 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h1 class=\"elementor-heading-title elementor-size-default\">5 Essential Write-Offs<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-19c8aa9 elementor-widget elementor-widget-pp-breadcrumbs\" data-id=\"19c8aa9\" data-element_type=\"widget\" data-settings=\"{&quot;breadcrumbs_type&quot;:&quot;powerpack&quot;}\" data-widget_type=\"pp-breadcrumbs.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<ul class=\"pp-breadcrumbs pp-breadcrumbs-powerpack\">\t\t<li class=\"pp-breadcrumbs-item pp-breadcrumbs-item-home\">\n\t\t\t<a class=\"pp-breadcrumbs-crumb pp-breadcrumbs-crumb-link pp-breadcrumbs-crumb-home\" href=\"https:\/\/kloudbooks.biz\" title=\"Home\">\n\t\t\t\t<span class=\"pp-breadcrumbs-text\">\n\t\t\t\t\t\t\t\t\t\tHome\t\t\t\t<\/span>\n\t\t\t<\/a>\n\t\t<\/li>\n\t\t<li class=\"pp-breadcrumbs-separator\">\t\t\t\t<span class='pp-separator-icon pp-icon'>\n\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-angle-right\"><\/i>\t\t\t\t<\/span>\n\t\t\t\t<\/li><\/ul>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-26525ad elementor-widget elementor-widget-post-info\" data-id=\"26525ad\" data-element_type=\"widget\" data-widget_type=\"post-info.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<link rel=\"stylesheet\" href=\"https:\/\/kloudbooks.biz\/wp-content\/plugins\/elementor\/assets\/css\/widget-icon-list.min.css\"><link rel=\"stylesheet\" href=\"https:\/\/kloudbooks.biz\/wp-content\/plugins\/elementor-pro\/assets\/css\/widget-theme-elements.min.css\">\t\t<ul class=\"elementor-inline-items elementor-icon-list-items elementor-post-info\">\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-repeater-item-192259d elementor-inline-item\" itemprop=\"datePublished\">\n\t\t\t\t\t\t<a href=\"https:\/\/kloudbooks.biz\/2022\/03\/27\/\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-date\">\n\t\t\t\t\t\t\t\t\t\t<time>March 27, 2022<\/time>\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t<\/li>\n\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b6b5c34 elementor-widget elementor-widget-text-editor\" data-id=\"b6b5c34\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 15-04-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\t<p><!-- wp:paragraph --><\/p>\n<p>Spoiler alert, your exotic car is not a write-off. Here are five essential write-offs for your contracting business.\u00a0<\/p>\n<p><b>1. Marketing\u00a0<\/b><\/p>\n<p>Anything you spend money on for advertising is a write -off.\u00a0<\/p>\n<p><b>2. Equipment and Tools<\/b><\/p>\n<p><!-- \/wp:paragraph --><\/p>\n<p><!-- wp:paragraph --><\/p>\n<p>These are write-offs. Make sure you track them.\u00a0<\/p>\n<p><b>3. Business Meals<\/b><\/p>\n<p>Make sure to save your receipts.\u00a0<\/p>\n<p><b>4. Professional Fees and Services<\/b><\/p>\n<p>If you&#8217;re paying your accountant or an advisor, that&#8217;s a write-off.\u00a0<\/p>\n<p><b>5. Buying a new work vehicle is a write-off.\u00a0<\/b><\/p>\n<p>For example, a Sprinter Van used for business can be a write-off.\u00a0<\/p>\n<p>Be sure to consult with your tax preparer or CPA to make sure your vehicle is safe.<\/p>\n<p><!-- \/wp:paragraph --><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-4bb6154\" data-id=\"4bb6154\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8b18f43 elementor-widget elementor-widget-pp-video\" data-id=\"8b18f43\" data-element_type=\"widget\" data-settings=\"{&quot;aspect_ratio&quot;:&quot;916&quot;,&quot;autoplay&quot;:&quot;yes&quot;,&quot;mute&quot;:&quot;yes&quot;}\" data-widget_type=\"pp-video.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"pp-video pp-video-type-youtube\" data-settings=\"{&quot;post_id&quot;:77,&quot;widget_id&quot;:&quot;8b18f43&quot;}\">\n\t\t\t\t\t<div class=\"pp-video-container\">\n\t\t\t<div class=\"pp-video-play\" data-autoplay=\"1\">\n\t\t\t\t<div class=\"pp-media-overlay pp-video-overlay\"><\/div>\t\t\t\t<div class=\"pp-video-player\" data-src=\"https:\/\/www.youtube.com\/embed\/SWD8rDJVmU4?feature=oembed&amp;playlist=SWD8rDJVmU4&amp;autoplay=1&amp;playsinline=1&amp;wmode=opaque&amp;start=0&amp;end=0&amp;loop=1&amp;mute=1&amp;controls=1&amp;modestbranding=0&amp;rel=0\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" class=\"pp-video-thumb\" src=\"https:\/\/i.ytimg.com\/vi\/SWD8rDJVmU4\/maxresdefault.jpg\" alt=\"\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"pp-video-play-icon pp-icon\">\n\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-play-circle\"><\/i>\t\t\t<\/span>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Home Spoiler alert, your exotic car is not a write-off. Here are five essential write-offs for your contracting business.\u00a0 1. Marketing\u00a0 Anything you spend money on for advertising is a write -off.\u00a0 2. Equipment and Tools These are write-offs. Make sure you track them.\u00a0 3. Business Meals Make sure to save your receipts.\u00a0 4. Professional [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3107,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"elementor_header_footer","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-77","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/kloudbooks.biz\/wp-json\/wp\/v2\/posts\/77","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kloudbooks.biz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kloudbooks.biz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kloudbooks.biz\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/kloudbooks.biz\/wp-json\/wp\/v2\/comments?post=77"}],"version-history":[{"count":28,"href":"https:\/\/kloudbooks.biz\/wp-json\/wp\/v2\/posts\/77\/revisions"}],"predecessor-version":[{"id":3142,"href":"https:\/\/kloudbooks.biz\/wp-json\/wp\/v2\/posts\/77\/revisions\/3142"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/kloudbooks.biz\/wp-json\/wp\/v2\/media\/3107"}],"wp:attachment":[{"href":"https:\/\/kloudbooks.biz\/wp-json\/wp\/v2\/media?parent=77"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kloudbooks.biz\/wp-json\/wp\/v2\/categories?post=77"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kloudbooks.biz\/wp-json\/wp\/v2\/tags?post=77"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}