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Accounting. Audit and Tax
 CPAnet Forum : Accounting. Audit and Tax
Subject Topic: Start up vs organizational expenditures (Topic Closed Topic Closed) Post ReplyPost New Topic
  
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ard072272
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Joined: 30 Jun 2008
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Posted: 30 Jun 2008 at 15:56 | IP Logged  

For tax purposes, organizational expenses include all those expenses involved in establishing the corporation where as the start up expenses include everything else such as: training, marketing, consulting, market research. Once these items have been elected they are amortized over 60 months.

Would fees paid to an exective search firm to a hire an employee qualify as start fees (tax purposes only)?

For financial purposes (GAAP), I would assume all these expense are expensed
as incurred?
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