Like many of my fellow bloggers I am attending several conferences this year including BlogHer ’12 & She’s Connected Conference. Both offer many valuable learning opportunities as well as the side benefit of getting away for a few days.
The Business of Blogging
Have you monetized your blog? Are you getting compensated for your writing? Attending a conference this year? Keep the receipt! In Canada AND in the US you can claim the cost of attending seminars, workshops, conferences & conventions relating to your business activities. If blogging is your business…. your BlogHer ’12 ticket is now a business expense!
In the US you must be able to prove that the conference content helped you gain useful knowledge for your business; In Canada, you can only claim 2 such expenses (so pick the 2 most expensive ones!).
Make sure you also account for all your traveling costs, as these can be claimed as well!
Any legitimate business expense you can claim to help lower your taxes owing (or increase your refund) is worth claiming! Take the time, keep your receipts, and put your hard earned money back in YOUR pockets!
Do you have an income tax horror story? Any other tips & tricks you’d like to share? Let’s hear it!