FIND THE ANSWERS

I started a reselling business. I have been expensing the items I buy as cost of goods sold as they sell. Can I expense when I purchase?

Answer this question

Do you know the correct answer? Make money answering questions! Join now.
  • I started a reselling business. I have been expensing the items I buy as cost of goods sold as they sell. Can I expense when I purchase?


Answers

I have been expensing the items I buy as cost of goods sold as they sell. Can I expense when ... I started a reselling business. I have been expensing ...
Read more
Positive: 52 %
I'm wondering whether it's legal for me to buy items on sale ... through my business. I know I could sell the items on ... reselling), you’ll have two ...
Read more
Positive: 49 %

More resources

Beginner's Tax Guide for the ... a separate tax ID number for their business so they can give it to customers ... they should have collected ...
Read more
Positive: 52 %
... bank accounts and allowable expenses. ... credit card across the business expense items ... can claim for the cost of the goods you have acquired ...
Read more
Positive: 47 %
... eBay it's called "Outright" or you can buy Intuit tax accounting small business ... cost of goods sold ... on paying my taxes on my ebay sales.
Read more
Positive: 33 %
My business has grown ten times since then. ... Just have a few items to sell? ... for items that sell on Amazon).
Read more
Positive: 10 %

Show more results