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This isn't the gotcha you think it is. As for all businesses transactions, you should file it in your accounting software and make sure you pay taxes, vat etc o
by matsemann 3y ago
This isn't the gotcha you think it is. As for all businesses transactions, you should file it in your accounting software and make sure you pay taxes, vat etc on it. This law changes nothing in that regard.
- gunapologist99 3y agoSo now you're bringing in your accounting software and tax records to the bank to make the deposit?
- ilyt 3y ago[flagged]
- gunapologist99 3y ago> What an idiotic conclusion Ad hominem attack but without any additional details to support your assertion? >> You can deposit whatever amount you want into your bank account, they just might ask questions regarding where the money came from, and if you show that you sold products there's zero issues. The original assertion was that you'd need to 'show that you sold products'.. to the bank, not your accountant... rather more difficult than it appears at first blush.