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Guide Released - Be Smart With Your Business Start Up Costs

"What is a start-up cost? It’s a cost incurred to start up or begin your business. Anything that you pay out before your business or trade begins is considered to be a start-up cost." - Zev Jankovic, CPA

 
PRLog - Nov. 13, 2012 - What is a start-up cost? It’s a cost incurred to start up or begin your business. Anything that you pay out before your business or trade begins is considered to be a start-up cost.

There are two kinds of start-up cost, investigatory costs and preopening costs.
Investigatory costs are those incurred in researching the need for your potential business or trade. These costs relate to your decision whether or not to open or acquire the business, and also which particular business to start or purchase.

Examples of investigatory costs are analysis of the products, labor supply, or transportation; fees for consultants and other professional services; surveys of potential markets; travel costs related to securing distributors, suppliers, and customers.
Preopening costs are those costs incurred after you’ve made the decision to open the business or trade but before you actually being the business.... see more at http://www.SpeedyCPA.com

About the Author:

A small, hard-working online CPA firm based in Denver, Colorado. We hit the ground running with our direct approach to helping our clients find success.

Zev has 14 years of wide-ranging business experience. Zev has a Bachelors in Business Administration from the University of Phoenix and a Masters in Accounting and Information Management from the University of Texas at Dallas (and a member of Beta Gamma Sigma – Business Honor Society). He is a Certified Public Accountant (CPA). Zev enjoys spending time with his family, learning Talmud, listening to music, and hiking in the beautiful Rocky Mountains.

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Contact Email:
***@jankovicllc.com Email Verified
Source:Speedy CPA
Country:United States
Industry:Accounting, Business
Tags:startup costs deductions
Shortcut:prlog.org/12022660
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