Comment by layer8
6 months ago
So if company A pays company B to develop some software, that revenue for company B (or rather, its profit) is still taxable? Then it makes sense I guess.
6 months ago
So if company A pays company B to develop some software, that revenue for company B (or rather, its profit) is still taxable? Then it makes sense I guess.
The revenue minus expenses is taxable, yes. And if the business itself makes no money, that means all of it was taxed through payroll.