Do you use (educational) events to inform the public or specific groups about your work and to exchange ideas? If this generates income from participant contributions, the question of income tax and VAT classification arises.
Often, not all components of the event meet the requirements of a tax-privileged special-purpose business or the requirements of sales tax exemption. In this case, the participant contributions and the associated expenses must be divided.
We examine and assess the facts in question for you and work with you to develop a sensible design and accounting of income and expenses from educational events, taking into account the tax implications.
We will also be happy to assist you in developing a simple way to allocate event income and expenses to different tax rates and areas when they are first recorded in the accounting system.