Marketing your business couldn’t be easier these days with a vast array of options available to precisely target and market to your customers. Of critical importance, is understanding how many of these marketing strategies and tactics can help act as write offs and deductions on your business come tax time.
We have summarized some here, but please reach out to Goulet Tax Planning Group to learn more how you can take advantage of the tools to grow your business, and benefit from a tax perspective.
- Advertising
- Social media, billboards, local newspaper, event programs, online, virtually anything you do to advertise your business becomes a deductible expense.
- Social Media Marketing
- Social media marketing is becoming one of the most widely used marketing tools today. Platforms like Facebook and Instagram can help you get your message in front of mobile users easier than ever.
- Hiring a New Sales and/or Marketing Position
- Hiring a new position for your business is a deduction, however there are some intricacies you will be interested in learning about.
- Sponsoring a local charity? Yes that applies too.
- Building a new website? Yes, that is part of marketing and is a legitimate business expense.
- Motivational Awards
- Utilizing gift cards and other prizes to help motivate your team can also be categorized as a promotional expense.
As you can see there are a myriad of options, just a few listed here. Reach out to the team at Goulet Tax Planning Group to learn more about the potential marketing deductions you can benefit from to grow your business. info@goulettaxplanninggroup.com or call 403-250-2119.
