Hi guys,
Just made the transition to limited company status for tax reasons and trying to collate as much information as possible about the processes etc before I meet up with an accountant.
Just wondering if anyone who currently trades domain names under a limited company could share their Profit/Loss account template? (Assuming that you treat domain renewals and purchases as costs/expenses and your sales as taxable income.
Cheers,
Just made the transition to limited company status for tax reasons and trying to collate as much information as possible about the processes etc before I meet up with an accountant.
Just wondering if anyone who currently trades domain names under a limited company could share their Profit/Loss account template? (Assuming that you treat domain renewals and purchases as costs/expenses and your sales as taxable income.
Cheers,
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