I have a small hobby business as well as PAYE and have to do a tax return for Revenue.
I am claiming a loss for 2022 and I have have payments outstanding for a few items sold in 2022.
Do the outstanding payments reduce the loss I am claiming?
i.e. Loss of 600, owed 400 - is my loss on the tax return 600 or 200?
Thanks for any help.
I am claiming a loss for 2022 and I have have payments outstanding for a few items sold in 2022.
Do the outstanding payments reduce the loss I am claiming?
i.e. Loss of 600, owed 400 - is my loss on the tax return 600 or 200?
Thanks for any help.