I sell software and a reseller also sells my software with a 28% discount - Can I claim this 28% as a expense?
-
I want to make sure I claim all my expenses for my small business this tax year. Not sure if the people reselling my software at a 28% discount is considered a expense or not. Example - I sell a software for $180.00 and the reseller also sells this for $180.00 (but they get a discount of 28% - so I sell this to them for $129.60) So would this be an expense of $50.40 for my business? Thanks for the help!
-
Answer:
No. You have a retail price of $180. and a wholesale price of $129.60. Not a business expense. Update of Feb.9: You can claim as business expenses, all expenses in connection with the "wholesale aspects" of your business.
Progrmer... at Yahoo! Answers Visit the source
Related Q & A:
- If I apply for a work Visa to work in UK, can I find a job for a 60 year old?Best solution by Yahoo! Answers
- How can I sell my car within a week?Best solution by Yahoo! Answers
- Is there a digital converter box I can get that has a DVR also?Best solution by dtvconverterboxes.blogspot.com
- Can I claim a tax rebate?Best solution by Yahoo! Answers
- Can i claim my petrol back on my own?Best solution by Yahoo! Answers
Just Added Q & A:
- How many active mobile subscribers are there in China?Best solution by Quora
- How to find the right vacation?Best solution by bookit.com
- How To Make Your Own Primer?Best solution by thekrazycouponlady.com
- How do you get the domain & range?Best solution by ChaCha
- How do you open pop up blockers?Best solution by Yahoo! Answers
For every problem there is a solution! Proved by Solucija.
-
Got an issue and looking for advice?
-
Ask Solucija to search every corner of the Web for help.
-
Get workable solutions and helpful tips in a moment.
Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.