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Is Audible a business expense & is it tax deductible?

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Are you an avid reader, student or entrepreneur? Have you ever wondered if your Audible subscription is tax deductible? Are you unsure as to whether it...

Are you an avid reader, student or entrepreneur? Have you ever wondered if your Audible subscription is tax deductible? Are you unsure as to whether it can be used as a business expense? We understand that navigating the world of taxation can be difficult and sometimes confusing. In this blog post we will answer all of your questions related to Audible's tax status; providing information on when it is feasible to use your Audible membership fee as a write-off and helping you determine how this affects the world of taxes for individuals and businesses alike. Read on for more!

Everything to know about Audible

Audible is a digital platform that offers audiobook services, enabling readers of all abilities to immerse themselves in the world of literature.

Audible is actually an app or website (audible.com) that sells children’s books, bestsellers and other audiobooks and podcasts. There are a few plans that offer various benefits. Audible Plus and Audible Premium Plus are two such plans. Audible operates on a monthly credit system and gets you unlimited access to its library, depending on your membership.

You can create a unique Audible account or sign in with your Amazon account. The Audible 30-day free trial works by giving you free credits to access one premium audiobook. The weekly newsletter gets subscribers special offers and deals.

Audible Subscription Plans

Audible Plus

Audible Plus’ monthly subscription service costs around $7.95 per month and you can get access to all Audible audiobooks, new titles, podcasts, Audible originals, free audiobooks, and more.

Plan features:

  1. Cost: $7.95/m
  2. Free 30-day free trial
  3. Audible originals
  4. Audiobooks
  5. Sleep tracks
  6. Meditation programs
  7. Podcasts

Audible Premium Plus Plan

Audible Premium Plus membership also grants you access to the entire Audible library and the Audible Plus catalog plus everything in the Audible Plus plan.

Plan features:

  1. Cost: $14.95/m
  2. Free 30-day free trial
  3. Includes everything in the Audible catalog
  4. Audible Premium Plus Members get 1 title per month from the extended best sellers selection. To keep forever.

One thing to note is that Audible, though owned by Amazon, isn’t automatically available for Amazon Prime members. You’ll need to purchase an Audible subscription and choose the right Audible Plan, even if you are a Prime account holder.

Audible members and Amazon or Amazon Prime members are completely unique. Subscribing to Audible, with your Amazon account, is totally worth it. WIth access to new releases, premium selection titles and offers on Audible credits, you should try out one of the membership plans.

You can get the Audible app on the App Store for iOS, iPhone, iPad or Mac and on the Google Play store for Android, or even Kindle. Audible is an Amazon company. You could also access your Audible books on Alexa, & Amazon Kindle.

For book lovers, there's nothing quite like diving into a good story. But sometimes finding the time to actually sit down and read can be a challenge. That's where Audible comes in. This innovative service lets you listen to audiobooks on-the-go, making it possible to enjoy your favorite titles no matter where you are.

Audible was purchased by Amazon on March 19, 2008 and since then has added plenty of features. Amazon Household is one such feature and this enables family sharing.

With a massive library of titles to choose from, you're sure to find something to love. And with the ability to listen at your own pace, you never have to worry about missing a beat. So if you're ready to take your reading to the next level, give Audible a try!

You can cancel Audible membership at any time on the app or the website.

Canceling Audible is relatively easy and can be done on the Audible website or through the app.

What is Audible and how can it be used for business expenses

Have you ever heard of Audible? If not, listen up because it could be a game changer for your business expenses. Audible is an online platform that offers a huge selection of audiobooks and other audio content. It's perfect for business owners who are constantly on the go and don't have the time to sit down and read a book. With Audible, you can listen to books on your commute, while you're working out, or even during your lunch break. Plus, if you sign up for an Audible membership, you'll receive one audiobook credit per month, which can be a great way to stay up-to-date on the latest business books without breaking the bank. So, if you're looking for a convenient and affordable way to invest in yourself and your business, give Audible a try!

Does Audible qualify as a tax deductible expense

Who doesn't love a good audiobook? And with Audible, it's never been easier to transport yourself to another world, learn something new, or just enjoy a good story. But, let's be real - audiobooks can add up. That's why you may be wondering if you can classify your Audible account as a tax deduction. Well, the good news is - it's possible! As long as you're using those audiobooks for educational or business purposes, you may be able to deduct it from your taxes. Just make sure to keep a record of your purchases and always consult with a tax professional. Happy listening (and deducting)!

Steps to make sure Audible expenses are legitimate business purchases

Okay, listen up fellow business owners! We all know how tempting it can be to blur the line between what's a personal purchase and what's a legitimate business expense. But trust me, it's not worth the risk of getting in trouble with the IRS. So, to make sure those Audible charges on your credit card statement are above board, here are a few quick and easy steps to follow. First off, only use your business account when purchasing audiobooks or signing up for subscriptions. Second, make sure the audiobook is relevant to your industry or job. And finally, keep track of all your receipts and make note of the business purpose for each purchase. See, it's not so hard to stay on the up and up!

Tips on setting up an account to track your Audible expenses

Tracking your Audible expenses may seem like a tedious task, but it can actually be quite helpful in managing your budget. If you're new to the platform, setting up your account to track your expenses is a breeze. Start by logging in to your account and heading over to your Payment Settings. There, you can set up notifications for when your next credit will be charged or when you make a purchase. You can also easily view your purchase history to keep track of how much you're spending on audiobooks. And don't forget about those credits - use them wisely to get the most out of your subscription. With these tips, keeping your Audible expenses in check has never been easier.

How to write off Audible as a business expense on your taxes

Let's be real - no one likes paying taxes. But what if I told you there's a way to make your tax bill a little more bearable? If you're an avid listener of audiobooks from Audible for business purposes, you may be able to write off the expense on your taxes. Sound too good to be true? It's not! As long as you can prove that the audiobooks you purchase are directly related to your business, you can deduct the cost as an ordinary and necessary business expense. So go ahead, download that new management book or self-help guide. Your business (and your wallet) will thank you come tax season.

Helpful resources for auditing and tax filing related to Audible expenses

Are you feeling overwhelmed by the mountain of paperwork that comes with tax season? Don't worry, we've got you covered. When it comes to auditing and tax filing related to Audible expenses, there are plenty of helpful resources at your disposal. From online guides to tax software, there's no shortage of ways to streamline the process and ensure you're getting the most out of your tax return. So whether you're a small business owner or just someone looking to save a few bucks, take advantage of these resources to make tax season a little less stressful.

In conclusion, Audible can be a great way to save money and make your business practices easier when it comes to expenses. By understanding the rules and regulations around making direct purchases, as well as tracking your expenses on an account, you can easily take advantage of the tax deductible benefits that come with purchasing from Audible. Remember: Double-check with advisors if you're unsure about filing for deductions and utilize resources such as local libraries or discounted subscription rates to make the most out of these amazing opportunities. It’s also important to note that Audible does more than just help businesses financially — it helps individuals personally grow through creativity and knowledge too! If you are having trouble finding ways to make sense of your Audible spending, take a look at our helpful resources for auditing and taxes and get connected with experts who can provide you with guidance.

Cliff Weitzman

Cliff Weitzman

Cliff Weitzman is a dyslexia advocate and the CEO and founder of Speechify, the #1 text-to-speech app in the world, totaling over 100,000 5-star reviews and ranking first place in the App Store for the News & Magazines category. In 2017, Weitzman was named to the Forbes 30 under 30 list for his work making the internet more accessible to people with learning disabilities. Cliff Weitzman has been featured in EdSurge, Inc., PC Mag, Entrepreneur, Mashable, among other leading outlets.