Business · July 06, 2021

Coming up with a solid concept for a new business and working to get your operation off the ground can be an expensive undertaking. But the good news is that you can write off several expenses involved with the startup process. However, the rules for deducting startup expenses are different from those for writing off general business expenses incurred by an existing company. Here are some of the basic rules for writing off startup expenses that will benefit your business.