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Nigerian Tax Calculator & Compliance Platform - KeepAm

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    KeepAm
    Expense Tracking

    Expense categories guide

    Understanding expense categorization

    Expense Categories Guide

    Proper categorization makes tax time easier and ensures you claim all eligible deductions.

    Deductible Categories

    Office Supplies ✓

    Day-to-day office materials

  1. Paper, pens, notebooks
  2. Printer supplies
  3. Desk organizers
  4. Small office items

    5. Equipment ✓

    Tools and devices for work

  5. Computers and accessories
  6. Printers and scanners
  7. Office furniture
  8. Work-specific tools

    9. Software/Subscriptions ✓

    Digital tools and services

  9. Design software
  10. Productivity apps
  11. Cloud storage
  12. Professional platforms

    13. Internet/Data ⚡ (Partial)

    Connectivity expenses

  13. Home internet (business portion)
  14. Mobile data (business portion)
  15. Dedicated work line

    16. Transportation ⚡ (Partial)

    Travel for business

  16. Client meeting travel
  17. Business errands
  18. NOT: Daily commute

    19. Professional Services ✓

    Expert assistance

  19. Accounting fees
  20. Legal services
  21. Consulting
  22. Freelance help

    23. Marketing ✓

    Promoting your work

  23. Website costs
  24. Advertising
  25. Business cards
  26. Promotional materials

    27. Training ✓

    Professional development

  27. Online courses
  28. Certifications
  29. Books and materials
  30. Conferences

    31. Bank Charges ✓

    Financial service fees

  31. Account fees
  32. Transaction charges
  33. Payment processing

    34. Rent - Business ✓

    Dedicated business space

  34. Office rent
  35. Coworking membership
  36. Storage for business

    37. Personal ✗

    Not deductible

  37. Groceries
  38. Personal clothing
  39. Entertainment
  40. Non-work expenses

    41. How Categories Affect Tax

  41. ✓ = Fully deductible (reduces taxable income)
  42. ⚡ = Partially deductible (only business portion)
  43. ✗ = Not deductible (no tax benefit)

    44. Choosing the Right Category

    Ask yourself:

  44. Is this necessary for my work?
  45. Would I buy this if I didn't work?
  46. Can I document the business purpose?

    47. If yes to #1 and #3, and no to #2, it's likely deductible!

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