help! I need help with Accounting Theory!

    I am working on a case regarding OCBOA. The business startup date is Oct.1, but I made business purchases in Sept.(including some non-taxable for which I would now owe sales & use tax). Would my first set of financials cover quarter ending in September, or quarter ending in December? The Dept. of Revenue says that I would file my first sales and use tax return at the end of the quarter that I started business, which would be October. What about the purchases in September? I am terribly confused.

    0  Views: 421 Answers: 1 Posted: 11 years ago

    1 Answer

    Go to the tax dept. show them and let the tax dept. get R done for ya! that way if a screw up ha! no one to blame

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