Virtual Assistants: Write Them Off!

Via Lifehacker, this handy post on making the most of your indie business expenses lists several tax tips to boost your yearly net. Don’t forget to write off your Virtual Assistant! (Via Lifehacker.)

Virtual assistants and other freelancers

You’ll want an invoice from whoever you work with, as well as a record of when you paid the invoice.

Subcontracting part of a project to another freelancer or hiring a virtual assistant can be an easy way for a freelancer to take on more work and make more money – and the expense to do so is tax deductible. You’ll want to document any such transactions carefully so that you can prove that your use of freelancers and virtual assistants is purely a contract arrangement, rather than employment – which you would have to pay extra taxes for. You’ll want an invoice from whoever you work with, as well as a record of when you paid the invoice.

10 Tax Deductions Freelancers Can Make – FreelanceS

witch – The Freelance Blog.

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