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    DonnaA

    Loan account

    It is a unique situation... but basically, yes it is already registered for VAT.

    DonnaA Today, 08:01 PM Go to last post
    Moriarty

    Loan account

    I am confused, you said that the business "is in its beginner stages", is the business registered for vat?

    Moriarty Today, 07:10 PM Go to last post
    DonnaA

    Loan account

    Hi there,
    Thank you for your help. All partnership & shareholder agreements are in place, thank you.

    I have processed the invoices

    DonnaA Today, 05:41 PM Go to last post
    Andre_h

    Cost of Sales or Expenses

    Yes. thanks Andromeda. Thats what I thought. But someone told me that you can really only call it cost of sales when you manufacture or resale an item.

    Andre_h Today, 04:07 PM Go to last post
    Andromeda

    Cost of Sales or Expenses

    Both are COS Andre-h. I presume the outsourcing costs are invoiced onwards.

    Andromeda Today, 03:39 PM Go to last post