What is included in mobile phone & internet costs?
Mobile phone & internet costs include all expenses for mobile telephony, subscriptions and internet access that you need to run your company efficiently. This includes the purchases of mobile phones, mobile phone subscriptions and internet packages. It is important that these costs are directly related to your company activities.
Mobile phone & internet costs as deductible business expenses
Mobile phone & internet costs can be considered professional expenses and are therefore tax deductible. These expenses must be relevant and necessary for your business activities.
Keep all receipts and invoices to prove that these expenses are professional. Record the costs accurately in your accounting system under the appropriate category. Dexxter has a specifically defined cost category for telephone and internet costs, which makes it easier to track and manage these expenses.
What about VAT? The VAT from your mobile phone subscription will also be partially deductible!
Points to consider
Be careful when making purchases of a more expensive device. This may be considered an investment and may need to be depreciated over several years. Read more about depreciating investments.
Conclusion
Mobile phone & internet costs are important professional expenses for sole proprietors. By deducting these costs correctly from your taxes, you can reduce your tax bill and keep more money in your company. Make sure you keep all documentation and consult an accountant if necessary to ensure you are taking advantage of all tax benefits.
