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So you are saying to treat domain names as an expense if it´s low amounts and for higher amounts it should be an asset (intangible). Why could I not treat a 50k domain name the same as a reg fee name and just write it off as an expense?
Quoting someone that I had a PM with:
" If you are...
So your accountant treats the renewal fees as advertising costs. What if you buy a few domains over the year with prices ranging from 30-80k (or more) a name. How would your accountant treat such purchase?
I have been searching like mad for information for a few weeks and I can´t get a grasp of things. Are domain names expenses?? assets?? or what??
(I assume it depends on how you operate your business.)
I had plans to move to the UK for the purpose of setting up a domain business. I have a...