Purchases of goods as expense

The purchase of goods is an essential part of many companies. But did you know that you can deduct these costs from your taxes? Here, we provide an explanation of how the purchase of goods can be considered a business expense and how to process this in your accounts. What does the purchase of goods […]

Electricity & gas consumption

Your electricity and gas bills as business expenses Electricity and gas consumption is an unavoidable expense for sole proprietors who use office space, a workshop or other business premises. The costs of electricity and gas can be deducted as business expenses. What does electricity and gas consumption cover? Attention! If you have a home office, […]

Business gifts as professional expenses in Belgium

What counts as a business gift? Business gifts include all presents and gifts you give to customers, partners or collaborators to show your appreciation and strengthen business relationships. These can range from small tokens such as pens and notepads to more luxurious gifts such as bottles of wine or gift vouchers. Business gifts (and VAT) […]

Small purchases as professional expense

What counts as a small purchase? Small purchases include all expenses for supplies you need to carry out your daily business activities. These include paper, keyboards, desks, office supplies, printers, ink, pens, ballpoint pens and other office supplies. These professional expenses are essential, regardless of your profession. Small purchases as 100% deductible professional expense The […]

Water consumption as a business expense

Water consumption in a professional context can be a significant expense for sole proprietors in various sectors. Whether you are a garage mechanic, self-employed in construction, an animal caretaker, event manager, photographer, hospitality entrepreneur, childcare, researcher, artist, seller, driver, gardener, shopkeeper, self-employed rental landlord or nutritionist, the costs of water consumption can be deducted as […]

Start-up costs as professional expenses

Start-up costs are the initial expenses incurred by a self-employed person when setting up their own business. These costs are unavoidable and necessary to legally register the business and make it operational. They include, among other things, the costs of registering with a recognised business registration office, such as Xerius, Acerta, Liantis, Group S, Securex, […]

Social security contributions quarterly

What are social security contributions? Social security contributions are required payments that self-employed persons must make to a social insurance fund quarterly. These contributions ensure that, as a self-employed person, you have access to social security benefits such as pension, health insurance and child benefit. Deductibility of social security contributions The costs of social security […]

Financial costs and bank charges

What is included under various financial costs and bank charges? Various financial costs and bank charges cover a wide range of expenses you incur to manage your financial affairs. These may include periodic charges for maintaining your bank account, administrative charges from a leasing company, or rental company charges. Some common examples are: Financial costs […]

Passenger car interest on a loan for a passenger car

What is covered by the professional expense of passenger car interest? The interest you pay on the financing or loan for a vehicle you need for your business activities is 100% deductible. These costs are necessary to make the purchase of a passenger car financially feasible and thus ensure the operational mobility of your business. […]

Costs for maintaining your passenger car

What is included in the general expenses & maintenance of a passenger car? The general expenses & maintenance of a passenger car include all expenses you have incurred to keep your vehicle in good condition and operational. This can be your own vehicle, or a vehicle that you rent or lease. These costs are necessary […]