Tax Season is In? Are you Claiming your Start Up Cost?
Nuevolution Posts: 30subscriber Bronze Level Member
edited January 2007 in Accounting and Financial Management
As all you know Tax season is now in session. Do any of you know what you will be deducting this year? Do any of you know what can be deducted and what can`t? As I emphesized on another topic. It`s a good idea to purchase a copy of Nolo "Deduct it" book It give you the ins and outs of what can be deducted and what can`t. Any one claiming Start Up Cost? Do you know how to Claim Start Up cost as a Corporation? Lets all pitch in to see what can be deducted. Here are a few good ones to get you started:1. Your Rent/Mortgage if you work from home2. Your Computer if it`s being used more than 75% of the time for business purpose.3. Mileage and Gasoline4. Marketing5. FoodAny one else? Please add more. Lets see how much we all know about our own business.
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