- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
RMT here. 2023 was my 1st year renting a space so I had expenses for equipment. Are square terminals and sheets considered fixed assets? How do I go about inputting?
February 19, 2024
3:09 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Self-employed
The expense for the bed sheets can go under Line 8811 – Office stationery and supplies, which is for items the business used to provide goods or services.
The Square terminal would depend - did you buy it or are you renting it?
February 19, 2024
3:18 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Self-employed
The Square terminal can be claimed as a fixed asset under class 50.
February 19, 2024
3:32 PM