Hi, can anyone teach me how can I record the accountant's charge for trademarks application please? Is it a legal or professional expense? or should I put it under asset?
Hi, can anyone teach me how can I record the accountant's charge for trademarks application please? Is it a legal or professional expense? or should I put it under asset?
Hi, can anyone teach me how can I record the accountant's charge for trademarks application please? Is it a legal or professional expense? or should I put it under asset?
Hi, xgill
Assuming fees are not charged by IP Australia and fees are charged by
the accountant needs to be treated as a professional expense.
Note: Assuming this is an internally generated Trademark as per IAS 38 cannot be recognised as an asset.
Feel free to contact me for further clarifications.
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