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8 posts

Wannabe Geek


Topic # 214604 20-May-2017 02:40 Send private message quote this post

Hello,

 

I'm working as a sole trader programming apps for a few months now.

 

I want to hire a designer from abroad to work on an app of mine that I intend to make some money from it in the future.

 

Can I add his payment as a deductible expense when doing my taxes? If so, what does he need to provide me so I can prove the source of the expense?

 

Thanks!


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180 posts

Master Geek
+1 received by user: 161


  Reply # 1785032 20-May-2017 10:58 One person supports this post Send private message quote this post

Of course. Invoices. Get professional advice.

1457 posts

Uber Geek
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  Reply # 1785036 20-May-2017 11:17 Send private message quote this post

As above you will need an invoice.  As they are based overseas there is no GST that you will be charged so make sure its not in your GST claim (if you are GST registered).  


 

 



141 posts

Master Geek
+1 received by user: 15


  Reply # 1785411 21-May-2017 10:39 Send private message quote this post

Get professional advice based on the circumstances of your case. Software development costs may not be deductible, some are capital and depreciable.


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Uber Geek
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  Reply # 1785441 21-May-2017 12:51 Send private message quote this post

Also there may be withholding tax payments from services being provided by a non resident. Get some professional advice!




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