How to Deduct Business Start-up Costs from Personal Income

Starting a new business requires significant investments of time, money, and effort. However, there are ways to recoup some of those costs through tax deductions. By deducting your business start-up costs from your personal income, you can reduce your taxable income and save money on your taxes. In this article, we will guide you through the process of deducting your business start-up costs from your personal income. What are Business Start-Up Costs? Business start-up costs are the expenses you incur to start a new business. These costs include expenses such as market research, advertising, legal fees, incorporation fees, and office […]