A
AJS
Guest
Hi Guys,
Just trying to organise my income tax return for 2008.
My business accounting year is from 1/03 to 31/02 each year.
On my income tax return i have to submit my income for 2008 however since my business accounts are from 1/03/2008 to 31/02/2009 do i simply include the portion of my business accounts that is for the tax year 2008. For example 1/03/2008 to 31/12/2008 and put put 1/01/2009 to 31/02/2009 as part of my 2009 return and keep going like this.
This is my first year submitting income tax return as i only established my business in March 2008.
I have all my data in order on the computer so it's just a matter of calculating it for the right time period
Thanks,
Just trying to organise my income tax return for 2008.
My business accounting year is from 1/03 to 31/02 each year.
On my income tax return i have to submit my income for 2008 however since my business accounts are from 1/03/2008 to 31/02/2009 do i simply include the portion of my business accounts that is for the tax year 2008. For example 1/03/2008 to 31/12/2008 and put put 1/01/2009 to 31/02/2009 as part of my 2009 return and keep going like this.
This is my first year submitting income tax return as i only established my business in March 2008.
I have all my data in order on the computer so it's just a matter of calculating it for the right time period
Thanks,