Self Employed Business Deduction Quick Reference

With several new self-employed clients this year I have been having the business expenses conversation with some frequency while preparing their tax returns for the first time. To help clients get a head start, I put together the following quick reference and figured I would post it for other business owners to use similarly. It is not intended to be a comprehensive list and you should consult your tax advisor and all of that other fun disclaimer stuff. Startup Expenses Market survey Product analysis Visitation of similar businesses etc Consultant fees Travel costs to find suppliers, distributors, customers Incorporation and legal fees Costs of Promoting Business Advertising Marketing Websit