Tax and accounting treatment for website development costs
The Startup Magazine
FEBRUARY 26, 2021
Or does it go on the balance sheet and count as an asset? If Adam had put his website on his balance sheet by mistake, he’d have been taxed on all his £100,000 profits. If you’re unsure of what a balance sheet is – it’s a statement of the assets, liabilities and capital of a business. But which part?
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