registered business? I started out my business as a hobby about 5 years ago. I have been collecting receipts and keeping them from all of my setup costs. It has now come to the stage where I am ready to register as a business and I just wanted to know if I am able to claim my setup costs?
I asked my accountant and he said that I can't claim any expenses, as the business wasn't running as a business when the expenses were incurred. I'm not sure I believe this, as my friend said he was able to claim his...
I asked my accountant and he said that I can't claim any expenses, as the business wasn't running as a business when the expenses were incurred. I'm not sure I believe this, as my friend said he was able to claim his...