I started my business (LLC) by filing online, and paying a fee for a registration, and that makes it a business cost right?
Also in the meantime while I bought some electronics to use for my business R&D, visited client in another state and because I had to make the init POC (proof of concept) working and had to demonstrate to the potential client that it's working, I didn't really have time to go to my local bank and pick up a business debit card.
And so I paid all the travel expenses with my credit card + the parts(electronics) and everything else.
My question is can I claim those costs as cost of my business, if yes, do I have to do something special like fill a form or something, or just input it in my accounting software along with receipts, and then when I'm doing taxes this would go under the investment or loses (is it somewhere along that line)?
I just started recently with my business, and didn't actually get the client I was in rush to impress, but there are many more opportunities coming my way and at this time I don't know if hiring a dedicated person to do my accounting is a smart thing to do. But I'm planning to do so, as long as I get my first contract.