Are you considering buying an existing business? I have good news for you…
Tax deductions start the moment you begin thinking about the business you want to buy.
This may sound too good to be true, but it is true. That’s because the law that governs tax-deductible expenses is (for once!) stacked in your favor.
Want to find out more? Don’t miss my new article titled Tax Tips: Buy a Business? Your Thoughts Start Up the Tax Deductions!
NOTE: An article of mine last month talked about how to deduct costs related to thinking about starting a new business. My new article deals with buying an existing business.
Three ways our fact-filled article can help you:
- You’ll learn how to get every deduction you’re entitled to. For example, let’s say you meet a friend for dinner and discuss your “buy a business” idea. The cost of that dinner can qualify as a tax-deductible start-up expense if you buy a business. Find out more when you read the full article.
- We’ll explain “the investigative phase” and tell you how to profit from it. The investigative start-up stage produces tax deductions incurred to analyze, identify, review, and decide which business to buy. Get the whole story when you read the full article.
- We’ll tell you what happens when you decide to buy the business. Once you decide on which business to buy, your start-up status ends and you enter “the capitalization phase.” What does this mean? You’ll find out when you read the full article.