Posts Tagged ‘Opening’
Weekly Address: Opening Doors for Small Business
Reiterating once again his commitment to small businesses as the engine of our economy, the President urges Congress to move forward immediately in steps to help them expand and create jobs. February 6, 2010.
Opening a business and wondering what types of expenses I can write off?
I am opening an online business for website design. (set up as a LLC, I’m the sole owner) Should I start keeping receipts of all business related expenses? Or would my business qualify as a hobby if I don’t make a certain amount of money in the year that I’m filing.
What types of things can I write off onto my business? (dinners, gasoline, etc.) Do I need a seperate business credit card/bank account for the expenses?
Do I have to accept payments towards the business’s services through a corporate account, or can they make the check/payment directly to me?