Deductions
“I subscribe to several expensive software platforms for my agency, can I prepay them entirely in December to get the massive write-off this year?”
Prepaying software subscriptions can sometimes affect the timing of a deduction, but the result often depends on how the platforms are billed, whether the expense is for business use, and how long the prepaid period extends beyond year-end. For agency software, the treatment may also vary based on whether the payments are for ordinary operating costs, bundled services, or access that is used over multiple months. Recordkeeping matters as well, especially if the invoices cover several tools or include setup fees. The timing and character of the charge are often what determine whether a larger current-year write-off is available. A CPA who reads your specifics can usually tell you, in plain English, where this lands.
In your 90-minute session, the KGOB advisor handling it will:
- Read your exact situation and tell you, in plain English, what’s actually going on.
- Lay out your options and the trade-offs — no jargon, no judgment.
- Give you a clear next step you can act on, whether that’s with us or on your own.
“I incurred massive personal credit card debt to fund my struggling business, is the crippling interest I pay on those cards tax deductible?”
“I use my personal cell phone extensively for my freelance work, what exact percentage of my monthly phone bill is safe to write off?”
“I run a failing e-commerce business and have obsolete inventory sitting in my garage, can I completely write off the cost of unsold goods?”
“I bought a new high-end laptop exclusively for my side hustle, what specific receipts or logs do I need to keep to prove this to an IRS auditor?”
This page is a prompt to start a conversation, not tax or legal advice, and states no tax-law specifics as fact. A consult session does not by itself create an ongoing engagement. We do not promise specific outcomes or savings. Kohari Gonzalez Oneyear & Brown PLLC — Charlotte, NC.
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