I recently bought some equipment for a company that I’m about to start (Approximately $3,000). However, I’m uncertain as to whether I want to try to get my business permit before or after January 1st. As far as taxes go, would it be wise to get it before Jan 1st or if I do it after, can I still claim the items bought this year on next year’s return?.--Answer1:Wont do you much, if any good before you start the businessI suggest waiting until 2009.--Answer2:If your business will be by the calendar year, the items you bought can not go on your 2009 tax forms.You have no income for 2008, so the expenses so far will offset nothing.The equipment may be able to be depreciated over a few years. talk to a tax professional about your situation.