Is professional services a 100% write off?
Whether you are able to deduct professional services fees depends on the purpose of the service. For example, legal and accounting services that are part of your business’ “ordinary and necessary” expenses can be deducted. Personal legal expenses cannot, however.
As Small Business Trends notes: “you can fully deduct accounting fees. The deductibility of legal fees depends on what you use them for. You may also fully deduct the cost for reviewing a contract or lease.”
For more information on tax-deductible expenses, make sure to ask a professional tax lawyer or accountant about your specific circumstances.