Deducting your yoga business expenses from your income reduces your tax bill. Deductible expenses are those that are seen as “ordinary and necessary” for conducting business. Use the following checklist as a guide to ensure you capture all of your yoga business expenses when filing your taxes. ✓ Advertising Any materials for marketing your yoga business (e.g. flyers, signage, ads, branded promotional items, or events) and the cost of developing those (e.g. designer co