Tax Invoices for Aussies, But Probably Others As Well
Here's what will happen:
- I'll have a simple site with all the info for the pro.
- Charge an upfront payment to get the site going.
- Charge a recurring monthly fee for maintenance, which is substantially lesser than the upfront payment.
How would I do this in a way that not only works, but is suitable for tax reporting?
The pros would like to claim this as a business expense.
My thought would be to accept the upfront payment using something like 2checkout or PayPal, but I'd also have setup another payment with a monthly subscription via PayPal. How would this work out tax wise?
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