tinytreats
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- Joined
- Nov 12, 2012
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So my question is this: am I able to expense/claim purchases I made BEFORE registering my business?
Reason I ask is because I started off soaping as a hobby, which grew into me selling at farmers markets. I didn't have to register my business selling at farmers markets, so I never did. But things have been taking off, and I now want to sell at craft shows and online, and so I decided to register and license my business. I have made a lot of purchases as of recently (new printer, label paper, new stick blender, more raw product) and it would be really awesome to expense this to the business. I only registered the business today, and I made these purchases over the past 4 months.
I doubt I can, but I thought I'd ask. I'm from Canada, btw.
Reason I ask is because I started off soaping as a hobby, which grew into me selling at farmers markets. I didn't have to register my business selling at farmers markets, so I never did. But things have been taking off, and I now want to sell at craft shows and online, and so I decided to register and license my business. I have made a lot of purchases as of recently (new printer, label paper, new stick blender, more raw product) and it would be really awesome to expense this to the business. I only registered the business today, and I made these purchases over the past 4 months.
I doubt I can, but I thought I'd ask. I'm from Canada, btw.