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Accounting | Bookkeeping | Tax Returns
Tax Accountant Serving Miramar, FL
Expenses for Startups.
Rules to What is a business expenses for a startup
It’s a cost a business could deduct if they paid or incurred it to operate an existing active trade or business, in the same field as the one the business entered into. It is a cost a business pays or incurs before the day their active trade or business begins What sort of expenses does this include? Some of the start-up costs that are typically deductible are as follows:
Studies of potential markets, products, labor supply, transportation facilities, etc.;
Advertisements for the business opening;
Salaries and wages for employee training;
Salaries and wages for employee training;
Travel and other necessary costs for securing prospective distributors, suppliers, or customers; and Salaries and fees for executives and consultants or for similar types of professional services.
Accounting | Bookkeeping | Tax Returns
We have been Tax Accountants for the past three decades now and have helped several clients
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