Wading through tax deductions...

[Chefmom]

So....wading through tax deductions and trying to get better organized this year for next year.  I'm going cross eyed googling little questions and concerns that pop up.  However, I'm not getting a clear picture of one thing.  When you order from a supplier and pay for shipping.  Is that shipping part of your costs of materials or is it general cost of doing business? 

 

I have always considered the shipping as part of what the items "materials" cost.  It's the chef training and food costs that are drilled in me.  In my head $100 of coconut oil with $20 of shipping is actually coconut oil that costs $120.  However I'm not sure that the tax man feels the same way. Do I need to separate the costs in my paperwork?  I don't use software, my accounting training of 28 years ago is on paper, and I still do it all on paper.

 

...hubbie is laughing at me constantly because I still call it "food costs"...

[kandlekrazy]

I separated shipping one year and my tax lady said not necessary, it's part of the cost of the item so I stopped doing it many years ago.  Shipping for you to

ship to a customer needs to be separate and not part of your cost of item.

[Moonstar]

I second that ... it's part of the cost of the material .

[Chefmom]

Thanks!!

[Faerywren]

I have a restaurant backround, too, Chefmom. I think of it as "food cost" as well!