How to Write Off Startup CostsStep one: Write everything down.
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 fromMark J. Kohler on his YouTube channel.
Related:Make Cell Phone, Tech and Home Office Pre-Payments Before Year-End
Entrepreneur Networkis apremium video networkproviding 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 topYouTube channelsin the business vertical and provides partners with distribution onEntrepreneur.comas well as our apps onAmazon Fire,RokuandApple TV.
Click hereto become a part of this growing video network.