Minute Menu & Start Up Expenses

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  • Unregistered

    Minute Menu & Start Up Expenses

    I just opened my daycare at the beginning of January. I had purchased lots of equipment, toys and supplies at the end of last year. I know from prior threads that these will go on my taxes for next year since my business didn't begin until this year. When I am entering these into Minute Menu, will I use the actual date of purchase as expense date or the first date of my business?
  • TomCopeland
    Business Author/Trainer
    • Jun 2010
    • 3062

    #2
    Minute Menu

    Originally posted by Unregistered
    I just opened my daycare at the beginning of January. I had purchased lots of equipment, toys and supplies at the end of last year. I know from prior threads that these will go on my taxes for next year since my business didn't begin until this year. When I am entering these into Minute Menu, will I use the actual date of purchase as expense date or the first date of my business?
    Put the first date of your business, so MM will properly record it as a 2015 expense.
    http://www.tomcopelandblog.com

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