We have purchased many labels which we have printed. These labels are put on electrical boxes before they are despatched to the customer. They are printed on the home office printer. What is this process classified as under the "working from home deductions" scenario i.e. are the labels themselves part of COGS and can any of the printing (ink) be claimed. Total cost of the labels is $123.00
Thanks
Hello @ClaritySeeker,
What you are describing is a form of stationary the many businesses use. This just a normal tax deduction for operating expenses, the only time it gets a little complicated is if you are using some for personal use. In that case you would only be able to claim the business portion of the cost.
Hello @ClaritySeeker,
What you are describing is a form of stationary the many businesses use. This just a normal tax deduction for operating expenses, the only time it gets a little complicated is if you are using some for personal use. In that case you would only be able to claim the business portion of the cost.
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