I and my business partners have an LLC. We provide a multitude of variable services to clients including but not limited to planning and facilitating events (such as art benefits), providing design services, and art commissions (such as mural design and installation). Would supplies bought to throw an event qualify as COGS (beer, wine, decorative materials, materials used to create merchandise)? Further more Would materials or supples bought to paint a mural count as COGS? It is hard to tell what counts as COGS or COS for a mainly service based business. Any help determining what falls in these categories for this type of service business would be helpful.
