Are representation expenses from sole proprietors deductible?

In this article, we explore whether representation expenses are deductible in your sole proprietors’ accounts. We also explain the types of representation expenses and how best to keep track of them! Need a refresher on the meaning of representation expenses? Then be sure to view our article on the meaning of representation expenses. Deductibility of […]

Making extra charges for my sole proprietors, a good idea?

Everyone has read or heard it: ‘Make sure you bring in your expenses to reduce your taxable income’. You may be questioning, ‘Do I have to incur additional expenses to get these tax benefits?’. The short answer is ‘no’. In this article, we explain step by step why it is not useful to incur extra expenses for […]

Enter training as an expense in your accounts?

You register for a training course and want to enter purchase invoices in your accounts. Perhaps you hesitate to bring it in effectively because it does not correspond one-to-one with your activities? For example, you are taking the training mainly to expand your current activities. Can you then bring this expense in for your taxes […]

Can you put Spotify, Apple Music, … stopped in your accounts

Can you concentrate better with some music in the background? Does music bring out the creative during your self-employment assignments? Fortunately, it is possible to bring in your subscriptions to music streaming services as an expense in your accounts. In contrast, bringing in your Netflix subscription will be more difficult, unless you have a professional […]

Is paid personal income tax also a professional expense?

No, the amount paid in personal income tax is not a deductible professional expense. Want to know more about your personal income tax returns? Find out here. Why is personal income tax not a professional expense? We use a small calculation example to explain the crazy consequences of personal income tax being a deductible professional […]

How do I enter a loan for my sole proprietors?

A loan always consists of two parts, namely; 1️⃣ The refund of the capital 2️⃣ The interest paid The borrowed capital has no impact on your accounts. This is the case if you use that capital to make purchases. You can simply load those costs (or investments) into Dexxter via the purchase invoices of the […]

What is the professional use of an expense?

As an entrepreneur, you can purchase many items that help you grow your business. With some expenses, it’s clear that you’re buying them solely for your business. Think of the products you sell in your store, small office supplies, business cards… Such purchases are entirely for the benefit of your business, so the cost can […]

Business purchase paid with private account, now what?

It may happen that you make purchases for your sole proprietors but have not paid for them with your business account. A personal bank account or maybe just paid cash? Don’t worry because that purchase can still appear in your accounts! A wrong payment is easy to make: go into the shop and accidentally use […]

Representation costs, what does it mean?

In this article, we dive deeper into exactly what representation expenses entail. We give examples, explain how they work and tell you everything you need to know about their deductibility! What are representation expenses 🔎 Representation expenses are a kind of umbrella term for all kinds of expenses you do as a business owner to […]

Is a business gift deductible in a sole proprietors’ accounts?

ciers, customers, consultants etc.) , these are also deductible as an expense for your accounts under certain conditions. We’ll explain it to you! Business gifts in accounting Gifts have an amount of specific rules before they are deductible. We’d like to give them to make sure that business gifts end up in your accounts in […]