business start-up cost

Businesses Can Deduct Startup Costs From Their Federal Taxes — Learn How

December 23rd, 2021|Categories: Accounting, Business, CPA Dallas, Dallas CPA, Dallas tax return preparer, IRS, Tax Credits, Tax Deductions, The Burns Firm|Tags: are business start-up costs deductible, business start-up cost, CPA Dallas, cpa near me, Dallas CPA, qualify business costs for deduction, The Burns Firm, what qualifies as a deduction for start of new business|

Courtesy of IRS.gov When starting a business, owners should treat all eligible costs incurred before beginning to operate the business as capital expenditures that are part of their basis in [...]

Which Start-Up Costs Are Deductible for Federal Tax Purposes?

March 25th, 2021|Categories: Accounting, Burns Firm, Business, C Corporation, Partnership, S Corporation, Services, Tax|Tags: are business start-up cost tax deductible, business start-up cost, can I deduct my business start up expense, CPA Dallas, CPA firm near me, Dallas CPA, tax accountant near me, tax preparation for my new business, The Burns Firm|

Many people started businesses in 2020, and many others plan to launch new ventures in 2021. Entrepreneurs often have questions about whether business expenses for a start-up can be deducted in [...]