YES! The IRS allows you to deduct marketing expenses used to generate or retain clients/customers. These expenses qualify as an ordinary, reasonable and necessary tax deduction. When done professionally, marketing and advertising can produce a high return on investment (ROI). Between the tax deductibility of our fees and the ROI produced by effective social media marketing, the cost of our services should be minimal.
IRS Publication 535
Sole Proprietorships & Single-Member LLCs
Sole proprietorships and single-member LLCs, advertising expenses are recorded on Line 8 in Part II- Expenses of Schedule C.
Partnerships and Multiple-Member LLCs
Partnerships and multiple-member LLCs record their advertising expenses in Line 20 in the Other Deductions section of Form 1065: Partnership Income Tax Return.
Corporate Tax Return
Corporations filing a Corporate Tax Return report advertising expenses on Form 1120: Corporate income tax return on Line 22.
You should consult your own tax, legal and accounting advisors before engaging in any transaction.