2 replies to this topic

[Sweet Tooth]

I am beginning my own bulk candy route and I wanted to know is there any experienced vendors out there can share a list write offs that they use for tax time. For example can you write off all the candy you buy from sams club and or costco?? Thanks in advanced

[danl]

Yes, the products you buy to sell are considered cost of goods sold and can be written off. All expenses that you incur in running your business can be potentially written off. It would be a good idea to get with a CPA or accountant to determine what you can write off as legitimate business expenses. It's worth the investsment to get this advice as you begin your business. In the meantime, you might want to look at the link I've pasted for some ideas as to what you can write off. http://www.taxslashi...te_Off_List.php

[Sweet Tooth]

Hey Dan you are awesome thanks for the great info...