How To Write Off Startup Costs

Posted by stillwagon428 under Finance
From http://www.openforum.com 258 days ago
Made Hot by: Small Business Manifesto on September 12, 2011 3:44 pm

Some businesses, such as consultants, may be able to get up and running on a wing and a prayer. More typically, it costs money to get things set up right before the doors open for business. Certain costs may be deductible.

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Written by Patricia Worth
251 days ago

I like being able to deduct costs. However, one should be careful what one deduct, as sometimes the famed business lunch and company retreat (that wasn't really that) may land you into hot water. Won't the 180 month period be harmful for immediate financial growth?

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