M
MadraRua
Guest
I registered as sole trader in Nov 2011. Business start date is Nov 1st 2011 and my first invoice was shortly after.
I'm now filling out my return on ROS for the first time. Statement of accounts would be from 1 Nov 2011 to Oct 31 2012, correct? So any invoices I send on or after 1st Nov 2012 are for the next tax year 2012?
Is it unusual for a business's tax year to start so late in the year like mine? Should I change it to January?
One other thing, I bought a laptop back in Feb. Can I now claim this as an asset or do I do that next year?
Many thanks.
I'm now filling out my return on ROS for the first time. Statement of accounts would be from 1 Nov 2011 to Oct 31 2012, correct? So any invoices I send on or after 1st Nov 2012 are for the next tax year 2012?
Is it unusual for a business's tax year to start so late in the year like mine? Should I change it to January?
One other thing, I bought a laptop back in Feb. Can I now claim this as an asset or do I do that next year?
Many thanks.