Organizational Costs

Starting a business? How expenses will be treated on your tax return

Business Start Ups, Entrepreneurs, Small Business, Tax Deduction / Douglas Freeman

Government officials saw a large increase in the number of new businesses launched during the COVID-19 pandemic. And the U.S. Census Bureau reports that business applications are still increasing slightly (up 0.4% from April 2023 to May 2023). The Bureau measures this by tracking the number of businesses applying for Employer Identification Numbers. If you’re […]

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How entrepreneurs must treat expenses on their tax returns

Accounting, Bookkeeping, Business Start Ups, Deductions, Entrepreneurs, Income Tax, Internal Revenue Service, Tax Deduction, Tax Planning, Tax Savings / Douglas Freeman

Have you recently started a new business? Or are you contemplating starting one? Launching a new venture is a hectic, exciting time. And as you know, before you even open the doors, you generally have to spend a lot of money. You may have to train workers and pay for rent, utilities, marketing and more.

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