I’d like to get some tax and investor insights on running expenses through a startup.
Things to note, I have a partner and I will seek out the advice of a CPA too.
My goal is to reduce my taxable income and I’d like to run a lot of my expenses through my startup because I found that they can be written off and deductible to a greater degree than if they were a personal expense. I’ve been very conservative with the expenses I’ve been running through the business to date and I’d like to push it to a higher degree. Because of this what issues could I run into when seeking funding in the future?
All thoughts and insights welcome.