View Single Post
Old 04-24-2010, 09:29 AM   #17
waddy41
Rs has made me the man i am today!
 
Join Date: Apr 2004
Location: Vancouver
Posts: 3,073
Thanked 69 Times in 47 Posts
Failed 11 Times in 6 Posts
^ Of course you can deduct amortization and inventory...those are normal costs of business..are you in high school accounting?

You can also deduct vehicle expenses, your car lease, phone bills, etc..
You can also push it with meals and entertainment, a new laptop, clothes....just about anything can be deducted as long as it's somewhat related to your business

But I think it's hard to profit from selling small items with low margins..
What area are you looking to purchase a business in?
Why don't you open up another restaurant?
waddy41 is offline   Reply With Quote
This post thanked by: