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pre-incorporation expenses and income

what do include?

Didn't find your answer?

ok i know i should know this but...

company incorporated 1 April 2019 but the 'business' started with product development costs paid for by director back in late 2018. I think I'm ok with some pre-registration expenses being included but there are also some 'testing the water' sales before the incorporation date as well. Do i just bring it all in on day 1 and go from there? 

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By Cheshire
22nd May 2020 14:17

Quote:

ok i know i should know this but...

company incorporated 1 April 2019 but the 'business' started with product development costs paid for by director back in late 2018. I think I'm ok with some pre-registration expenses being included but there are also some 'testing the water' sales before the incorporation date as well. Do i just bring it all in on day 1 and go from there? 

Is this in relation to a band who were earning income before their incorporation that you asked about bringing in 'pre-trading income and expenditure' on another forum, so you have tweaked the details a little because you didnt like the answer?

How much in sales? Where is that income?

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