Deduct expenses for rent, electricity, water, and internet used for business operations.
Yoga mats, reformers, props, sound systems, cleaning supplies, and other essential studio equipment are tax-deductible.
Expenses for website hosting, social media ads, business cards, and other promotional materials can be written off.
Professional Fees & Insurance
Liability insurance, accounting services, legal fees, and industry memberships may qualify as deductions.
📌 Pro Tip: Keep detailed records and receipts to maximize your tax savings!
Managing your taxes efficiently can help you save money and reduce your taxable income. Use this checklist to identify key deductible expenses for your studio.
