Starting a small business
in Business, Accounting & Taxes ·
I’m thinking about starting a small photocopy business. As far as I understand (correct me if I'm wrong), it falls under a general service license, so I don't think I need any specific professional certification. I have a couple of questions:
1. If I go ahead and buy all my equipment before officially launching the business, can I write those costs off to lower my tax bill? (Or however that process works... I guess I'm not entirely sure)
2. Since this is a general service setup, would I be allowed to sell things like stationery alongside the printing and digital services?
1. If I go ahead and buy all my equipment before officially launching the business, can I write those costs off to lower my tax bill? (Or however that process works... I guess I'm not entirely sure)
2. Since this is a general service setup, would I be allowed to sell things like stationery alongside the printing and digital services?