Contractors

business-writeoffs

BUSINESS WRITE-OFFS

Keeping up with technological advancements in your field costs money, so does your equipment and software. At IProfessional, get reimbursed for all expenses related to running your "Business Unit" with pre-tax dollars.

Business Write-Offs and Expenses for Independent Contractors and Consultants

 

  • Expense Accounts without Incorporating Your Business
  • Fast Reimbursement (within a month)
  • Access to Expense Experts

  • The Ability to Submit Childcare and Medical Expenses
  • Access to Per Diem Expenses**per diem expenses applicable when traveling outside your statistical area.


Reduce Your Taxable Income

Write-off office equipment, seminars, travel, and much more! Take advantage of IProfessional’s knowledge of IRS guidelines to reduce your taxable income and maximize your pre-tax business expenses. Our expense compliance team will review and file all of your information to ensure you are within the legal limits for each category of costs.

Fast Expense Reimbursement

Receive your expense reimbursement at the end of the month, not the end of the year! By submitting and processing monthly expenses IProfessional accelerates the reimbursement process, so you get your pre-tax benefit in weeks, not months. Scroll down to see a portion of pre-tax expense categories.

BUSINESS EXPENSES & WRITE-OFFS:

MEALS & ENTERTAINMENT

    • Business Meetings
    • Client Relations
    • New Business Opportunities
  • Per Diem Meals (Using GSA Guidelines)

TRAVEL

    • Mileage
    • Auto Lease (5/7th of Cost)
    • Airfare, Lodging, and Meals during the travel to seminars
    • Taxi Fare/Limousine Service
  • Car Rental
  • Rail and Bus Fare
  • Tolls
  • Parking
  • Per Diem Lodging (Adheres to IRS Guidelines)

CHILD CARE

• Child Care for Dependents under 13

COMMUNICATIONS (PHONE/INTERNET)

    • Dedicated Business Phone and Fax Lines
  • Mobile Phone
  • Pager/Beeper
  • Internet Access and Service Fees
  • Database Connection Fees

EDUCATION/PUBLICATIONS

    • Continued Education Tuition
    • Professional Training and Related Seminars
    • Certifications Training and Exam Fees
  • Textbook and Training Manuals
  • Trade Magazines

GENERAL BUSINESS/ OFFICE SUPPLIES

    • Office Supplies
  • Advertising
  • Business Cards, Brochures, Stationary
  • Copying and Printing Materials
  • Software
  • Resume Production
  • Postage
  • Professional Association Membership Dues
  • Website Development and Maintenance

OFFICE EQUIPMENT

    • Office Computer Hardware and Software
    • Printers, Scanners, Routers and Projectors
  • Office Equipment and Furniture

OUT-OF-POCKET MEDICAL

  • Out-of-Pocket Medical costs (including but not limited to, deductibles, co-pays, prescriptions, eye glasses and non-covered medical and dental procedures)