Tax season is here, and I had a question regarding startups and taxes. If you're startup is a very early stage company, pre-revenue, and has spent money on various expenses such as programming, development, hosting, 3rd party services, etc. What does your tax situation look like? What should you be filing, if anything?
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Yes you should, as you business will be running at a loss, which is fine and any loss this year can then be off set in a following year when / if you make money. You migth also be able to cliam back any VAT spent. |
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I think you can find great information on this site. Sorry I can´t give you an expert advice but I hope that helps you fin the right answer. Good luck! |
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