How to Handle Ad Spend for Your Digital Marketing Agency #accounting #accountingtips

Understand the ins and outs of tax categorization:

💸 Pay for your client's ad spend? That's an expense for you.
📊 Categorizing ad spend: Typically, treat it as a cost of goods sold.
🔄 Reimbursements for ad spend: Record as sales, but don't forget to deduct the initial expense.

✍️ Bottom line: Accurate categorization can help you maximize your tax deductions!
Stay informed and keep your financials on point! 🚀

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