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How to Write Off Startup Costs Step one: Write everything down.

By Mark J. Kohler

Opinions expressed by Entrepreneur contributors are their own.

Knowing which startup costs you can write off is important for any business owner.

In this video, Entrepreneur Network partner Mark Kohler explains how to maximize write-offs for your startup and track them properly.

Tracking everything related to your startup from day one is essential to get the most money back.

Once your business makes its first sale, it's no longer in startup mode. Once you're out of startup mode and making money, you can start writing off expenses.

To learn more, click play.

Watch more videos from Mark J. Kohler on his YouTube channel.

Related: Make Cell Phone, Tech and Home Office Pre-Payments Before Year-End

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Mark J. Kohler

Entrepreneur Leadership Network® VIP

Author, Attorney, and CPA

Mark J. Kohler, a certified public accountant in Irvine, Calif., is a partner in the accounting firm Kohler & Eyre, and the law firm Kyler, Kohler, Ostermiller, & Sorensen LLP, specializing in business, estate and tax. He is the author of The Tax & Legal Playbook and What Your CPA Isn't Telling You from Entrepreneur Press.

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

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