How to deal with all the expenses before the hotel opens, including decoration expenses, labor expenses, material expenses, office expenses, etc.? What does the start-up fee include?

The specific content of the start-up expenses

1. The cost of the establishment personnel

(1) The labor costs of the establishment personnel: specifically including the wages and bonuses of the establishment personnel, etc. Wage expenses and various social insurances payable. Welfare expenses such as medical expenses incurred during the preparation period can be paid according to the actual situation if the preparation period is short. If the preparation period is long, employee welfare expenses can be accrued at 14% of the total salary.

(2) Travel expenses: including transportation expenses within the city and travel expenses to other places.

(3) Board of Directors Fees and Joint Committee Fees

2. Enterprise registration and notarization fees: mainly include registration fees, capital verification fees, tax registration fees, notarization fees, etc.

3. Cost of raising capital: mainly refers to the handling fees for financing payment and exchange gains and losses and interest that are not included in fixed assets and intangible assets.

4. Personnel training expenses: There are mainly two situations:

(1) The introduction of equipment and technology needs to be digested and absorbed, and the expenses for selecting some employees to go out for further study during the preparation period.

(2) Labor costs and related expenses for hiring experts for technical guidance and training.

5. Amortization, scrapping and damage of enterprise assets

6. Other expenses

(1) Office expenses, advertising expenses, communication expenses incurred during the preparation period Entertainment expenses.

(2) Stamp duty

(3) Expenses for feasibility studies confirmed by the investor to be borne by the enterprise

(4) Others and preparation Relevant expenses, such as information investigation fees, litigation fees, document printing fees, communication fees, celebration gift fees, etc.

Expenditures not included in the scope of start-up expenses

1. Expenses incurred in acquiring various assets. Including the transportation fees, installation fees, insurance premiums paid for the purchase and construction of fixed assets and intangible assets and related labor costs incurred during the purchase and construction.

2. Specify the expenses that should be borne by the investing parties. For example, the investment parties may incur travel expenses, consulting fees, entertainment expenses and other expenses incurred during the investigation and negotiation for the establishment of the enterprise. Our government also stipulates that when negotiating Sino-foreign joint ventures, entertainment expenses incurred by foreign businessmen during business negotiations must not be listed as business start-up expenses and must be borne by the inviting enterprise.

3. Expenditures such as fixed assets and intangible assets purchased and constructed for employee training shall not be included as start-up expenses.

4. The interest paid by the investor for investing capital and raising funds by itself shall not be included in the start-up expenses and shall be borne by the investor himself.

5. The handling fee paid for depositing foreign currency cash in the bank shall be borne by the investor.

How to handle accounting expenses

Expenses refer to the expenses incurred by the enterprise during the preparation period, including staff wages during the preparation period, office expenses, training fees, travel expenses, printing fees, registration fees Registration fees, exchange gains and losses and interest expenses are not included in the acquisition and construction costs of fixed assets and intangible assets. The preparation period refers to the period from the date the enterprise is approved for establishment to the date it starts production and operation (including trial production and trial operation).

The following expenses incurred by the enterprise shall not be included in the start-up expenses:

(1) expenses borne by investors;

(2) expenses incurred by the investors Expenditures incurred on fixed assets and intangible assets;

(3) Exchange gains and losses, interest expenses, etc. that should be included in the value of the assets during the preparation period.

The "Enterprise Accounting System" (Financial Accounting [2000] No. 25) made major adjustments to the amortization period of start-up expenses. The original industry accounting system stipulated that the start-up expenses incurred by an enterprise should be amortized evenly in installments within a period of no more than five years starting from the month of production and operation. Article 50 of the "Enterprise Accounting System" stipulates: "Except for the purchase and construction of fixed assets, all expenses incurred during the preparation period shall first be included in the long-term deferred expenses, and will be included in the production and operation in one lump sum starting from the month when the enterprise starts production and operation. Profit and loss of the current month. If the enterprise's long-term deferred expense item cannot benefit future accounting periods, all the amortized value of the item that has not been amortized should be transferred to the current profit and loss.

"It can be seen that the accounting treatment of start-up expenses, both in terms of the setting of accounting subjects and the amortization period, has changed significantly from the original industry financial system. This new regulation is quite different from the current income tax regulations. "Enterprise Article 34 of the Implementation Rules of the Interim Income Tax Regulations stipulates that the start-up expenses incurred by an enterprise during the preparation period shall be deducted in installments within a period of no less than 5 years starting from the month following the month in which production and operation begin. The one-time amortized start-up expenses for the month of production and operation should be deducted evenly over five years from the next month of production and operation. When taxpayers declare income tax at the end of the year, they should make tax adjustments and establish a "pre-tax deduction account for start-up expenses." Or refer to the registration book to lay the foundation for accurate declaration of pre-tax deductions (reductions) in future years.

Example: A joint-stock company started production and operation in July 2001, and the total start-up expenses incurred in the early period were 960,000. Yuan, when amortizing the start-up expenses in July, the accounting entries are as follows:

Debit: administrative expenses - amortization of start-up expenses 960,000 yuan

Credit: long-term deferred expenses - start-up Fees are 960,000 yuan

The allowable pre-tax deduction amount for this year = 960,000 yuan ÷ 5 years ÷ 12 months × 5 months = 8 (ten thousand yuan), the amount of income that should be adjusted = 96-8 = 88 (10,000 yuan);

The amount of income that should be reduced every year from 2002 to 2005=96÷5=19.2 (10,000 yuan);

The amount of income that should be reduced in 2006=96 Ten thousand yuan ÷ 5 years ÷ 12 months × 7 months = 11.2 (ten thousand yuan)

The setup fee tax adjustment ledger is set as follows:

The setup fee tax deduction ledger.

Unit: 10,000 yuan

Instructions for filling in the ledger:

1. Year: the amortization date, which refers to the year and month when production and operation begins. The order is analogous.

2. Accounting amortization: refers to the total amount of one-time amortization of start-up expenses in accounting

3. Tax deduction: refers to the amount allowed in the current year according to tax laws. The amount of pre-tax deduction.

4. Tax adjustment amount = accounting amortization amount - pre-tax deduction amount. The result is a positive number for an increase in income and a negative number for a decrease in income.

5. Undeducted amount: refers to the amount that is allowed to be deducted before tax in subsequent years. The undeducted amount in the first year is filled in according to the tax adjustment amount of the current year. The undeducted amount in subsequent years = the undeducted amount in the previous period - this year. Pre-tax deductions