Hey,
I run a small business and make shoes. And now I have to file my tax return. The question is, how do I report my sales? For example, I spend €100 on a pair of shoes and then sell them for €250. Is my sales revenue then only the €150 I received for it, or do I also have to include the €100 I paid myself?
Best regards
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In the income surplus calculation, you must specify the operating income. This is the sales outlet for the sale of shoes, i.e. the 250 euros.
You can deduct operating expenses. These are the 100 euros from the purchase of shoes, as well as all other operating expenses such as processing material, telephone and internet. If it is used privately and commercially, it is necessary to divide it.
The difference between income and expenditure is the profit from the business which is to be indicated in the tax return.
Since there is neither a small business in tax law nor commercial law, you will have a business like all others.
That would be operating expenditure
That would be sales
Sales are all operating revenues.