2 Responses to “what tax advantage (deductions) will I have in my new small business I am buying tomorrow?”

1. Darby says:

   February 25, 2010 at 2:37 am

   Everything that you spend to put toward your business–A-Z, Advertising, benefits like insurance, construction expenses, depreciation of the building and equipment used in the business, electricity, furnishings for office, gates, — travel expenses for conventions or training–purchase of the land, legal fees, accounting expenses, etc., etc., etc. Find yourself an accountant and use quickbooks for invoices and record keeping or whatever recordingkeeping programs he/she recommends..
2. silvervan83 says:

   February 25, 2010 at 2:37 am

   if your smart and you save your reciepts you can write off everything. the vehicle you use to do business in. the gas and maintenence you put in it. lunches you have with friends can become business expenses. … theres a lot more. just save the reciepts for everything you buy and get a good accountant. no cpa’s. they suck