YOUR TAXMENTUM SURVIVAL GUIDE TO DEDUCTING EXPENSES

Taxmentum Team • 6 January 2025

Summary of the 50 posts we'll publish annually:

We'll give you a preview of the 50 articles in our Guide.


Each week we'll analyze a type of expense, throughout the year. In addition, these articles will be updated annually, so we can tell you about all the new developments that appear.


👉 Do you know how to optimize your professional expenses? We love to talk about this! Send us a message, or contact us at hola@taxmentum.com (we'll answer your questions at no cost to you... it's enough for us to know you!).

👉 Are you a Tax or Business Advisor? Tell us about your experiences with this type of expenses by leaving a comment... we love to share experiences with other professionals!


WEEKLY PUBLICATIONS (one article per week, starting January 6, 2025):


BLOCK 1. Expenses related to housing and work


1. Use of professional space in the usual home.

2. Household supplies: electricity, water, gas, internet (proportional to professional use).

3. Home repairs and maintenance linked to the workspace.

4. Purchase or rental of commercial premises or office

5. Insurance linked to the purchase or rental of business premises or office.

6. Professional decoration.

7. Office equipment: tables, chairs, shelves.

8. Software licenses required for teleworking.

9. Coworking services.

10. Consumable material: pens, paper, folders.


BLOCK 2. Transportation and short trips


11. Purchase, use and insurance of vehicles: expenses related to the acquisition, exclusive use and insurance of vehicles related to professional activity.

12. Fuel and vehicle maintenance: fuel costs, repairs and technical inspections of vehicles used for professional activity.

13. Mileage (compensation for use of personal vehicle for work).

14. Public transport (train, metro, bus tickets for professional activities).

15. Tolls and parking for professional or business trips.

16. Taxis and VTC (Uber, Cabify) for work.

17. Temporary vehicle rental for the activity.

18. Bicycles, scooters or electric scooters: Professional use of sustainable vehicles.

19. Shared transport expenses: Platforms such as Blablacar for work trips.


BLOCK 3. Travel and travel (long distance and international)


20. Diets and accommodation on professional trips (long distance or international).

21. Transport tickets and travel insurance (long distance or international).

22. Translation of documents for abroad (or from abroad): For meetings, contracts or agreements.


BLOCK 4. Training and professional development


23. Courses and workshops specific to the business.

24. Language training related to the activity.

25. Professional certifications and exam registrations.

26. Educational material: books, magazines, specialized guides.

27. Attendance at conferences and fairs in the sector.


BLOCK 5. Marketing and promotion


28. Online advertising (Google Ads, Facebook Ads, social networks).

29. Design, development of web pages and hosting.

30. Production of promotional audiovisual content.

31. Campaigns in traditional media (radio, press, TV).

32. Special promotions and offers: Costs of specific campaigns (discounts, contests, etc.).

33. Influencer marketing strategies: Collaborations with content creators on social networks to promote products or services.


BLOCK 6. Health and insurance


34. Deductible insurance:

- Private health insurance: For self-employed and employees, applicable in certain cases.

- Life insurance linked to loans or professional activity.

- Temporary disability insurance: To cover losses in the event of sick leave.

- Travel insurance linked to professional activities.

35. Civil liability insurance: Professional civil liability insurance and Civil liability insurance for business premises

36. Prevention of occupational risks and medical examinations.

37. Subscriptions to wellness and productivity applications: Apps such as Headspace, Notion or Trello, which improve work efficiency or personal well-being.


BLOCK 7. Banking and financial expenses


38. Bank commissions and professional card expenses.

39. Loan interest (including mortgages linked to the business).

40. Financial advisory expenses: Consultancies to optimize investments or loans.


BLOCK 8. Other miscellaneous expenses



41. Cleaning services for offices or work premises.

42. Promotional gifts for clients (without exceeding legal limits).

43. Deductible donations to NGOs.

44. Networking and attendance at business events.

45. Legal and tax consultancies.

46. Expenses on uniforms or professional clothing: Specific clothing to carry out the activity.

47. Business management software: Specific accounting, CRM or ERP programs.

48. Augmented and virtual reality: Innovative tools for presentations or professional training.

49. Subscriptions to artificial intelligence tools: Platforms such as ChatGPT or advanced data analysis tools.

50. Digital certificates and cybersecurity: Costs related to digital certificates, antivirus software, firewalls and cybersecurity audits to protect business data and transactions.


by Taxmentum Team 7 January 2025
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