Ask An Accountant- 8/5

1 Flares Twitter 1 Facebook 0 Pin It Share 0 StumbleUpon 0 LinkedIn 0 Google+ 0 Filament.io -- 1 Flares ×

Each week Mom On Dealz brings you answers to your biggest accounting questions! Here is this weeks Q&A!
Although tax season is over, tax questions arise year round. My husband is an experienced accountant and will be answering questions sent to me at cjwtaxpro@gmail.com with the subject line “Ask an Accountant”.
Question:
I am in the process of registering the blog as a business and wanted to know if I am going to be able to claim all of the stuff I have already purchased for it from the time I started or if I cannot start claiming until it is registered.
Answer:
If you are operating the blog as a business and your intent in purchasing the items was to have a blog as a business than yes. You can claim items purchased as long as they are solely for the business.
*Please keep in mind this post is for informational purposes only and answers given are very general. Many things depend on individual circumstances. Please contact your personal accountant or financial advisor for your particular situation.

photo credit: austinpost.org

Related posts:

This post may contain a link from a sponsor/affiliate of Just Trying To Save Money. Please see my Disclosure Policy

Looking for more coupons? Check our Coupon Database for the latest coupons!

Just Trying To Save Money

Speak Your Mind

*

CommentLuv badge

1 Flares Twitter 1 Facebook 0 Pin It Share 0 StumbleUpon 0 LinkedIn 0 Google+ 0 Filament.io -- 1 Flares ×