Creative Entrepreneur's Guide to Tax Deductions

You’re a savvy business owner and could do with dialling up the confidence when it comes to your financial confidence. It is my mission to empower creatives in a field that should no longer be daunting. You just need to know what you don’t know. I’m here to help.

Let’s start with what expenses you can deduct from your income in order to lower your profits which is the figure you will need to pay taxes on.

Generally speaking you can deduct anything that is business related. Therefore nothing that is personal of nature.

Download the list of common tax deductible expenses on the button down below and ensure that you’re claiming them all.

Interested in how you should be numbering your invoices, what schedules to submit to SARS, how you could be claiming for your home office or writing off big purchases like your laptop or camera? If you’d like to be in full DIY control of your business’ bookkeeping and tax departments, checkout Hanneke’s signature DIY bookkeeper course, Balance Your Own Books:

www.digitsaccounting.co.za/balanceyourownbooks

Have any questions? Pop them in the comments below.

Hanneke Barlow is an accountant to creatives. She has nearly 10 years of hands-on experience in the accounting & tax fields. Her wild passion for the creative industry sparked an entire revamp of her once freelance accounting services. It bloomed and exploded into a trend-setting business providing tailored tax and accounting packages. She has helped hundreds of creatives by guiding their accounting and tax journey.