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Multiple small revenue streams - consolidate expenses across all? (Sole prop)

Posted 14 November 2016 under Tax Q&A


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Brian says:
13 November 2016 at 17:04

I have multiple small revenue streams, some with expenses attached to them. Do I ringfence each income/expense area, or do I consolidate them which would enable 'cross-subsidisation' of expenses?

This entry was posted in Tax Q&A and tagged . Bookmark the permalink.

TaxTim TaxTim says:
14 November 2016 at 9:59

Each type of extra business income earned will need to be completed separately and then either ringfenced or not depending on whether you do see profits to be made int he future.


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