How to Write Off Startup Costs

Step one: Write everything down.

Free Book Preview Tax and Legal Playbook

Get game-changing solutions to your small business questions.
Entrepreneur Leadership Network VIP
Author, Attorney and CPA
2 min read
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 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 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 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

Entrepreneur Network is a premium video network providing entertainment, education and inspiration from successful entrepreneurs and thought leaders. We provide expertise and opportunities to accelerate brand growth and effectively monetize video and audio content distributed across all digital platforms for the business genre.

EN is partnered with hundreds of top YouTube channels in the business vertical and provides partners with distribution on Entrepreneur.com as well as our apps on Amazon FireRoku and .

Click here to become a part of this growing video network.

More from Entrepreneur
Our Franchise Advisors will guide you through the entire franchising process, for FREE!
  1. Book a one-on-one session with a Franchise Advisor
  2. Take a survey about your needs & goals
  3. Find your ideal franchise
  4. Learn about that franchise
  5. Meet the franchisor
  6. Receive the best business resources
Save on an annual Entrepreneur Insider membership through 5/8/21. For just $49/yr $39/yr, you’ll enjoy exclusive access to:
  • Premium articles, videos, and webinars
  • An ad-free experience
  • A weekly newsletter
  • Bonus: A FREE 1-year Entrepreneur magazine subscription delivered directly to you
Make sure you’re covered for physical injuries or property damage that occur at work by
  • Providing us with basic information about your business
  • Verifying details about your business with one of our specialists
  • Speaking with an agent who is specifically suited to insure your business

Latest on Entrepreneur