Assets for Tax Return Purposes?

Accounting
1

Hi,

Just doing my year end Tax Return. Could someone please clarify what are classed as Assets for tax return purposes,

Thanks in advance.

2

Classification is rather big subject on its own, it would be easier if you share with us, what are we dealing with i.e what do you have in your situation?

3

Hi,
Thanks for your quick reply.
I was wondering if it includes Stock held at year end and any money held in my business account?

4

Yes closing stock and money in cash or bank is categorised as current assets in balance sheet and also the closing stock is shown in P&l as credit balance in cost of good sold calculations

5

Thank you again for quick response, i think thats helped.