Best Certified Public Accountants in Warner Robins, GA

Deduct Start-Up Costs with Help from a Business Advisory Firm Did you recently start your own business? If so, you may be able to treat your start-up costs as capital expenditures and recover them through depreciation under certain conditions. Not sure how? Working with experienced business advisory firm CB Smith & Associates can help you navigate IRS requirements to save you money. Qualifying Costs Qualifying costs including market analysis, advertising, training, traveling, and consultant fees can be considered recoverable start-up costs if they were incurred generating new business. However, other expenses including interest, taxes, and research costs are not recoverable. With guidance from a business advisory firm, you will understand your qualifying costs so you can bolster your bottom line. Buying or Selling a Business When purchasing a business, the only recoverable start-up expenses are investigative costs including brokering the transaction. If you are selling a business before the amortization period ends, you can deduct the remaining start-up costs as a business loss. Work With CB Smith & Associates Today If you have questions about deductible startup costs, partner with business advisory firm CB Smith & Associates today to receive the answers you need. For additional information, visit...