Tax codes

iandavidsmith
iandavidsmith Member Posts: 1 Novice Member Novice Member
in Reckon One

I am a sole trader running a drawing business , for expenses most of them are services such a phone , internet, printing and posting.


I am assuming that all those expenses go under the tax code NCG

and that any small office supplies go under that NCG code as well

only big items such as new commuter, printer office furniture go under the CAG tax code


TIA ,

Ian

Comments

  • Kris_Williams
    Kris_Williams Member Posts: 3,702 Reckon Accounts Hosted Elite Expert Reckon Accounts Hosted Expert

    Spot on, although these days CAG and NCG are one and the same as BAS reporting doesn’t separate them. Only the GST component is shown at 1B

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