How to Write Off Startup CostsStep one: Write everything down.

ByMark 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 fromMark 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 is a CPA, attorney, co-host of the podcastsMain Street BusinessandDirected IRA Podcastand a senior partner at both the law firm KKOS Lawyers and the accounting firm K&E CPAs. He is also a co-founder of Directed IRA Trust Company. He is the author ofThe Tax and Legal Playbook, 2nd EditionandThe Business Owner's Guide to Financial Freedom.

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