Hello,
I support a good cause with my sole proprietor (4 x 12.5 euro last quarter), now I’m wondering how to enter this. I have not received any invoices for here, only transfer receipts from the bank. So I only have the name of the charity here (“Stg Save The Children NL”), but no vAT number. Incidentally, I cannot find a cost category for here.
How should I handle this? Thank you in advance!
I don't think you can record a donation as a sole proprietor. You can include private person donations over €40 in your taxes, but not in the accounts of your business. I myself have donated a considerable amount to animal shelters, but after further research, I found that as a sole proprietor, you cannot include this as an expense. (I'm not an accountant myself, so I'm not 100% sure.)
That's right, KDG,
Donations to charities are never professional expenses. So you just do that privately. From donations over €40, you will receive a tax certificate that you can include in your personal income tax return (part 1).
Best regards, from Gitta
You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.
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