EOTM Press Room

Tax Deductions: A Reason to Start That Business Now

In Business, Entrepreneur News on December 25, 2010 at 11:37 pm

If you have been working on a small business idea, now is the time to get at least some revenue in the door. As part of the recently enacted Small Business Jobs Act of 2010, new business owners may be able to deduct up to $10,000 in start-up costs this year if they start their business before year-end.

“Starting a business” means having at least a few dollars of income before Dec. 31. So, do your best to get that business concept off the ground.  Read more here.

 

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