Are Start-Up Costs Tax Deductible? | Ask a CPA
Today’s question comes from Lily in Santa Rosa Beach Florida.
“I’m starting a business and have lots of expenses. Can I just take a loss for these on my taxes?”
Thanks for the question, Lily…
Most businesses will incur some expenses before operations have officially begun…these expenses are known as start-up costs. Start-up costs can include legal fees, business licenses, business plan preparation, borrowing fees, training, and travel to name a few.
If you have a question, please head over to our website [ Ссылка ] and leave a question for us.
Thanks for watching!
Connect with Brett Philips, CPA
Website – [ Ссылка ]
E-mail – brett@pscdfw.com
Linkedin – [ Ссылка ]
Twitter - [ Ссылка ]
Small Business Guide to QuickBooks Online - [ Ссылка ]
Music provided by Argofox: A Himitsu - Adventures [ Ссылка ]
#startupcosts #startup #cpa #quickbooks #askacpa #llc #limitedliabilitycompany #smallbusiness #intuit #tax #taxdeduction
