Quote:
Originally Posted by quatchi
Great post!
Can you expand on the potential write offs? Are you an accountant? If I do go through with this biz, maybe we can talk?  Any other insights will be greatly appreciated!
Thanks! |
you can deduct so many expenses against your business income. some examples are cca (depreciation of fixed assets) and inventory (once you sell an item). There are other more complicated deductions related to prepaid and accrued expenses, but you should probably see an accountant regarding those.