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-   -   Business Expense (https://www.askmehelpdesk.com/showthread.php?t=769591)

  • Oct 1, 2013, 08:05 PM
    brianmis73
    Business Expense
    I will start an apartment finder web site after the first of the year. When should I start saving receipts? When I get an inactive sales person license, when I get an active sales person license, or when I file a DBA in late December?
    Thanks Brian
  • Oct 1, 2013, 09:57 PM
    AtlantaTaxExpert
    You start saving receipts the day you start incurring costs associated with the website, be it now, December or six months ago.
  • Oct 1, 2013, 10:38 PM
    Fr_Chuck
    Agree, as soon as you start paying any bill or any cost that is related to the business, you are now in business, just not having any revenue yet
  • Oct 2, 2013, 04:04 AM
    brianmis73
    Thanks, I'll start today. My expenses are mounting, and yes there's no income yet. I know education won't be an expense, but getting the license is starting to get expensive. Nickel and diming me to death. $61 for the test, $173 TREC application, $50 for fingerprints, $50 to Kinkos for mailing, printing, and scanning. $75 for FBI background check. $250 webhosting... Keep them all, let the CPA sort them out. Thanks again
  • Oct 2, 2013, 06:32 AM
    AtlantaTaxExpert
    You will do well to organize the expenses in a spreadsheet. At a minimum, it will save you on tax prep costs.

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