Since 2018, unreimbursed employee business expenses could no longer be claimed ... plus wear-and-tear on the average car. For 2025, it is set at 70 cents per mile (up from 67 cents in 2024).

Equipment costs vary from one business to another ... fund to cover the costs of unforeseen expenses-somewhere around five percent of your budget is a typical amount to set aside.

Incur expenses that make the most sense when building the initial version of your vision for your advisory business. Those interested in launching a firm often ask, "How long will it take for me ...