Re: Discount program
Hi
Here is the advice I got:
Before you can claim the 15% as "promotional expenses you must declare your income on a “before discount” basis.
However, if you declare your income as “after discount” basis, you can’t claim the 15% as "promotional expenses.
The technically correct method is the first method, that is declare 100% of your incomes and then claim the 15% as "promotional expenses. Only problem is it can get messy if you don’t keep good records.
The easier way is to declare your income on a cash basis that is basically declaring 85% and forget about the 15%.
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I'm good at record keeping ;-)
Cheers
Astrid
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