Enrolled Agents are empowered to represent all taxpayers before the IRS, on all types of tax-related matters. Accountants who earn this certification have passed a comprehensive three-part exam on individual and business tax returns. To maintain EA status, they must stay up to date in the field by completing 72 hours of continuing education every three years. Your NAICS business code is a six-digit string of numbers that shows the type of work your business does.
As a message therapist, your day is focused on physical and mental health β but what about your financial health? A well-maintained wallet is an important part of self care, and one of the easiest ways you can practice that is by reducing your tax bill. So light some incense and prepare to be soothed, because these savings will relax even the tensest muscles.
Part of your actual phone's cost, monthly phone bill, and any accessories you use for work can be written off. If your business model includes making house calls, you likely spend a fair amount of time driving for work. Remember to write off your car-related expenses on your Schedule C! If you head to a restaurant to chat about new findings in the massage therapy world with clients, coaches, or fellow massage therapists, it counts as a business expense.
If you discuss work with a coworker, mentor, client, or prospective client, it's a write-off! When you take the train to another town to meet with a massage client or fly to an out-of-state industry conference or seminar, remember to write off your travel-related expenses. If you offer massage therapy from your home, you can of course deduct home office expenses on your taxes. This also counts if you take care of administrative and business development work from home, such as booking appointments, marketing, and client development.
Whether it's rental or homeowners insurance, you can write off a portion through your home office deduction. Try for free Login. File taxes. Find Deductions. Tax Refund Calculator.
