I'm a freelancer in [COUNTRY] and I need help understanding how to categorize my business expenses for tax purposes.
My expenses to categorize:
1. [EXPENSE 1 — e.g., "Adobe Creative Cloud subscription, $55/month"]
2. [EXPENSE 2 — e.g., "Home office — I use one room of my apartment"]
3. [EXPENSE 3 — e.g., "New laptop, $1,500"]
4. [EXPENSE 4 — e.g., "Coffee meeting with a client"]
5. [EXPENSE 5 — e.g., "Online course about UX design"]
[ADD MORE AS NEEDED]
For each expense:
- Suggested tax category (using standard categories for my country)
- Whether it's fully or partially deductible
- Any documentation I should keep
- Any limits or rules I should know about
Also suggest:
- Common freelance deductions I might be missing
- Whether I should be tracking mileage, home office percentage, etc.
- A simple system for tracking expenses throughout the year
Disclaimer: This is general guidance, not tax advice. I should consult a tax professional for my specific situation.