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Opening a business and wondering what types of expenses I can write off?

Discussion in 'General Business' started by Stachecki, Jun 21, 2011.

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  1. #1
    I am opening an online business for website design. (set up as a LLC, I'm the sole owner) Should I start keeping receipts of all business related expenses? Or would my business qualify as a hobby if I don't make a certain amount of money in the year that I'm filing.

    What types of things can I write off onto my business? (dinners, gasoline, etc.) Do I need a seperate business credit card/bank account for the expenses?

    Do I have to accept payments towards the business's services through a corporate account, or can they make the check/payment directly to me?
     
    Stachecki, Jun 21, 2011 IP