Tax, tax, tax .... What are your business expense categories?

By
Real Estate Broker Owner with 3:16 team REALTY ~ Locally-owned Frisco TX Real Estate Co.

Tax, tax, tax, it's never fun. It can be down right scary.  It's the time of the year where I am usually busy getting ready to get my previous year's taxes organized. I have always been a spreadsheet gal. Over the years, my spreadsheet has become somewhat complex - not sophisticated as if you could purchase it like a software, but it suits me for what I need.

As I'm working on it this time around, I just feel that I have too many business expense categories:

  • Professional Dues
  • Education
  • Internet/ Web (related expenses)
  • Personal Marketing/ Advertising
  • Listings (related expenses)
  • Office Items/ Supplies
  • Gifts
  • Entertainment/ Meals
  • Postage
  • Miscellenous (one-time expense)
  • Auto
  • Utilities
  • Cellphone
  • Consulting

What are your business expense categories? Please share them.

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Topic:
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Tags:
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Rainmaker
639,790
Marchel Peterson
Spring TX Real Estate E-Pro
Results Realty
Loreena, mine are very similar.  I just looked and I have even more than you.  I have an E & O and also a subscriptions.  Otherwise they are very similar. 
January 15, 2008 09:46 PM
Ambassador
1,485,470
Gary Woltal
Assoc. Broker Realtor SFR Dallas Ft. Worth
Keller Williams Realty
Loreena, I have depreciation separate from Auto but that is probably a sub-category of that one.
January 17, 2008 10:40 PM
Rainmaker
428,374
Jennifer Allan-Hagedorn
Author of Sell with Soul
Sell with Soul
I think your categories look good. Pretty much like mine...
January 18, 2008 08:59 AM
Rainer
23,625
Kim Harris
Broker/Owner/Sound Realty
Sound Realty
Good starting list Loreena,I seem to break down these into more sub-categories; such as staging(Rental or purchase),any costs paid for repairs, inspections etc. This also gives me an up to date idea of just what I am spending, besides normal stuff, just to do business.It is so easy to spend and not remember.
January 18, 2008 10:30 AM
Rainmaker
423,742
Frances C. Rokicki
Broker-Mentor,CRS
Fran Rokicki Realty, LLC

How about gas, car insurance, health insurance, books, oh, and you can deduct one pair of boots:)

It's a Good Life!

Fran

January 19, 2008 07:37 PM
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Loreena Yeo

Realtor® | Frisco TX Community Ambassador
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