Hi everyone,
I’m looking at my sales and expense figures for the last quarter and I’m a bit confused. Last time, I had to pay a chunk of change to the tax office, but this time it looks like they might actually owe me money because of my large inventory purchases.
I’m terrified of making a mistake on the final form and triggering an audit of my Instagram store. Is there a simple rule of thumb for determining the final balance? I really need to know how to calculate vat payable or refundable.
Thanks in advance.
