Hi guys, anyone here make own financial report for your company?

I pay a reseller hosting account for a year and deposit account for domain reseller. Because I use part of the hosting and domain for my self how do I class this? Is it an expense or something else?

Please help :D

It's best to solicit the advice of a tax professional, but if this is your business, (IE web related) then you can expense the hosting and the domain registration fees.

-Steven

For the 2006 year I went to H&R Block and told them everything, and they figured everything out. Yeah, I could have (and have) done it myself, but its nice to not worry about questionable deductions. In the past, I've done my own taxes with software and seriously - its worth the extra cost because you know you're getting (theoretically) sound advice.