Start Up Costs

[BigRigGin]

Do I/Should I include my start up costs on my first month financials?

 

[urstop]

If the expenses were incurred within seven years of you starting to trade, and the expenses would have been tax-deductible if you had incurred them while you were trading, then you can treat them as if they were incurred on your first day of trading and so claim them in addition to the other business expenses relating to the first period of trading.