TAX DEDUCTIBLE ITEMS



TAX DEDUCTIBLE ITEMS

• All business mileage (ex. to and from meeting, training classes, awards programs, skin care classes, deliveries, etc.) Write down your ending odometer on your car.

Service Charge on Mary Kay Account

• Business Cards you ordered this year

• Car Maintenance

• Portion of cellular phone bill (take bills for the year to accountant)

• Skin Care Class Supplies (ink pens, paper, cotton balls, cosmetic wedges, wash cloths, etc.)

• Monthly interest on your Mary Kay credit card

• Fees for conferences (Career Conference), training classes (Fall Retreat in Canton), Seminar, etc.

• Internet (monthly cost of internet)

• Lunch appointments (when discussing Mary Kay business)

• Gift Basket Supplies (shrink wrap, tape, glue, candles, bath sponges, teddy bears, candy, anything used in your gift baskets)

• Medical expenses

• Refreshment Dues

• Office Supplies (computer, desk, stapler, answering machine, etc.)

• Office space (portion of your home you use for your office – must know size or dimensions of the space/room)

• Wholesale orders

• Showcase

• Film, photo processing, etc. when taking pictures for Mary Kay events

• Post office (stamps, mailings to customers)

• Preferred Customer fees (cost for sending Look Book to customers)

• Processing fee (4% cost when someone uses their credit card)

• Product given to people as gifts (wedding gifts, anniversaries, baby showers)

• Taxes (cost for getting taxes done last year)

• Training tapes (tapes purchased like Rena Tarbet, etc.)

• Travel expenses (gas cost shared when traveling out of town, hotel costs, etc.)

• Utilities (when itemizing – accountant can assist with this)

• Web site

• Product given to people

• Newspaper/Magazine

• Year End Count

• Summary Sheets (total sales for the year)

• Internet

COUNT YOUR INVENTORY TO SEE HOW MUCH YOU HAVE ON HAND AT THE END OF THE YEAR (AS OF 12/31/03).

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