Common Consulting Expenses

  • Computer Equipment and Hardware
  • Software and Software Subscriptions
  • Office Supplies and Equipment
  • Postage and Mailing
  • Cell Phone
  • Home Internet
  • Local Business License
  • FTB Minimum Tax for LLCs ($800) and LLC Gross Receipts Fee if applicable
  • Legal and Professional Expenses
  • Bank and Credit Card Charges
  • Business Insurance
  • Medical Insurance not paid through a W-2 employer or Spouse
  • Long-term Care Insurance and Dental Insurance for Owner and family
  • Business Meals for Networking with current or prospective clients, vendors or referral sources
  • Marketing Subscriptions (i.e. LinkedIn, etc.)
  • Membership Organization Dues and Licenses
  • Education and Research Materials such as Books, Online Publications, etc.
  • Audio or Video purchases including subscription services if used in Business or Business related
  • Subcontractors
  • Business Travel
    • Airfare
    • Hotel
    • Uber/Taxi
    • Misc. Fees
  • Business Vehicle Costs — Total miles on the car in the year, business miles, and actual expenses:
    • Fuel
    • Insurance
    • DMV
    • Repairs and Maintenance
    • Car Washes
    • Oil Changes
    • Tires
    • Fastrak/Tolls
    • Parking
    • AAA
    • Lease Payments if leased, or original purchase price if owned/financed
  • Home Office Expenses — Note any costs that are specific to the home office area only:
    • Square Footage of the dedicated home office
    • Total Square Footage of the home
    • Mortgage Interest
    • Property Taxes
    • Insurance
    • Utilities — Electric, Gas, Water, Garbage, etc.
    • Repairs and Maintenance
    • Security
    • Cleaner
    • Gardener
    • HOA
    • Fire Prevention Fee, if applicable