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What are cost of sales in a consulting business

Posted 12 July 2017

Laura says:
12 July 2017 at 14:26

What would cost of sales be in a consulting business - would my time be the cost? Would it be paper, laptop etc?

This query relates to question 4216 "Please enter the cost of sales incurred." in the Self Employed/Independent Contractor/Freelancer section.

TaxTim TaxTim says:
12 July 2017 at 15:42

No then you would leave out the cost of sales, cost of sales relates to stock for trading. The expenses such as paper and the laptop depreciation will be asked in the next series of questions.

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