Can I write off bookkeeping services?

Bookkeeping services are considered a business expense and are generally deductible if they are ordinary and necessary for your business. This means that the services must be appropriate and helpful for your business, and they must be services that are common and accepted in your business field. For example, if you are a freelancer or small business owner and you hire a bookkeeper to manage your financial records, this expense would typically be deductible. However, if you are an individual taxpayer using bookkeeping services for personal financial management, these costs would not be deductible. Also, if the bookkeeping services are related to setting up the business or are capital expenses, they may need to be amortized over a period of time rather than deducted in the year they are incurred.