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Hello, are insurance such as civil liability, professional liability and travel insurance (professional travel) deductible expenses?
Hello, are insurance such as civil liability, professional liability and travel insurance (professional travel) deductible expenses?
Absolutely! As a private individual, you would never take out additional civil liability insurance, professional liability insurance, etc. So definitely include it in your accounts.
I also include travel insurance that is part of my light cargo insurance. For 85%, which is the percentage that I use for professional purposes.
You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.