亏损应该报那个财政年度

aiya2002

是这样的
这个财政年度，只是花钱set up business
真正开始干，是下个财政年

7月后，我应该可以claim GST on Purchases & expense
那我这些开销应该抵上个财政年度，还是下个财政年度

好像如果算到下个财政年度，我受益比较多，因为基本上该买的都买了
不知道这样行吗？
如果行，我的GST什么时候claim?

shuangchao

The timing of GST claim, will depend on your GST method. some business are on accural basis while some are on cash. if you are on cash basis, you may claim GST when you pay for the expenses, whereas accural basis allows you to claim GST when the expenses are incurred.

In terms of your business deduction, it is an entirely different matter. A lot of the expenditures you incurred in setting up your business will be capital in nature, some maybe amortised over a number of years, while others can never be offset against your business income. The key is to first separate captial from non-capital expenses, and your non-capital expenses will be carried into the next year and offset against your future incomes.

If you are not from an accounting background and runs a business, i suggest you consult with your accountant before attempt doing tax return yourself.

janine

  studying