Thinking about starting a new business?
Well, if you know how to play the game, you can begin earning tax benefits as soon as you start thinking about creating your new business!
You see, Uncle Sam wants to encourage people to create new businesses so he offers some hefty tax breaks for budding entrepreneurs. He’ll even let you deduct preliminary thinking time!
Want to find out more about how the IRS can actually cut you some breaks?
Read my new article titled Tax Tips: How to Deduct the Costs of Thinking about Starting a New Business?
Three ways our fact-filled article can help you:
- You’ll learn about all the start-up expenses you can deduct. For example, you can deduct entertainment expenses if you take a friend or business acquaintance out for lunch to get advice about starting a business. We’ll list a bunch of other possible deductions when you read the full article.
- We’ll tell you about a nice automatic deduction you’re entitled to. The tax law automatically deems that you’re eligible to deduct up to $5,000 of start-up expenditures in the year in which your business becomes active. And we’ve got more good news waiting for you when you read the full article.
- We’ll explain why corporations get an even better For example, you’ll be able to write off your legal and accounting services, state incorporation fees, and more. We’ll give you all the important details when you read the full article.