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Do you have to pay tax if you make a loss 2024?

Nathaniel Adams | 2023-05-08 00:38:44 | page views：1159
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Sophia Patel

Studied at Stanford University, Lives in Palo Alto. Currently working as a software engineer at a leading tech company.
If the total deductible expenses for your business are greater than its income then it will have a loss for tax purposes. The business will not have to pay tax and the loss can generally be used to reduce income in future income years.
2023-05-18 00:38:44
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Ethan Moore

QuesHub.com delivers expert answers and knowledge to you.
If the total deductible expenses for your business are greater than its income then it will have a loss for tax purposes. The business will not have to pay tax and the loss can generally be used to reduce income in future income years.
What to do if your business is making losses (Business income tax) - Ird
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