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Due to circumstances, I have to stop my secondary occupation, but I want to start it up again later. On 30/11/2021, I bought a machine that I would depreciate over 10 years. What do I need to do to keep track of this, including my stock?
Due to circumstances, I have to stop my secondary occupation, but I want to start it up again later. On 30/11/2021, I bought a machine that I would depreciate over 10 years. What do I need to do to keep track of this, including my stock?
How temporary is the cessation? Do you already have a new start date? Are you going to officially cease your business with the CBE and social insurance fund? Or are you simply going to temporarily stop earning an income?
If you are really closing down officially, you must process both the stock and the machine in a final statement. You must then enter this correctly in the accounts.
Depending on your situation, I would still advise you to visit an office for more information.
You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.