When you start a business you have a lot of things to think about and remember, from prices and products to advertising and social media.

When you start a business you have a lot of things to think about and remember, from prices
and products to advertising and social media. You might find that, while juggling all of these day-to-day
business concerns, it’s easy to forget about planning for your business taxes. The Chicago Tribune ran an excellent reminder of this, and several tips to keep in mind:
 You may have to file a tax return even before you take in any revenue.
 The amount of start-up costs that can be written off in 2010 is double what it was in 2009,
to as much as $10,000 for research, advertising, employee training, and other costs before
opening the business.
 Keep and maintain good records. Good records will help you find deductions, especially for
those start-up costs.
 Most importantly, become educated and tax-savvy.

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