Make sure you examine your situation carefully before making decisions. Most businesses lose money in their first year. If this is your case, it may not make any sense to try to deduct expenses that year when there is no income to shield from taxes. If your business is more successful in future years you may benefit more by pushing deductions out into the future. But you have to run the actual numbers to know which is a greater advantage.

<div>




Quoting SChinFChin
[url=showthread.php?p=321475#post321475" rel="nofollow">