I bought a lot office supplies worth over $1000 in December 2007 to start my new business which opened in January 18, 2008. I have a GST # but the invoice is dated in December. Any way possible I can change the date on the invoice so I can submit it to GST?
Thanks, Lynne
Canadian taxes?
You should not make any changes to recorded taxes. On the other hand, why can't you submit these expenses for your 2007 taxes? Do you have to have an operational business before you start recording expenses and assets?
Yes I am Canadian.
I did not have an operational business in 2007. I opened my business as of January 18, 2008. But I bought office supplies, equipment, and office furniture in 2007.
Question is how do I enter them as Assets?
Thanks, Lynne
Have something to add? Share your thoughts — no account required.
Ask the community — no account required