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invoice costs

SS
2023-10-17

Question

Hello,

I started as a self-employed person in a secondary occupation on 12/06/2023. I am entering invoices that may qualify as expenses.

For example, I have entered the fire insurance. The invoice from 2022 for the period from September 2022 to August 2023.
Is it correct that I can only count part of the 2022 invoice (from my start date)?

Do I have to split the 2023 invoice for the period 2023-2024? I mean, for the part of 2023 this financial year and then another part in 2024? Or does the invoice date simply apply here?

I hope my question is clear 🙂

Thank you!

Kind regards

Sarah

In any case, you cannot claim 100% of your fire insurance as a business expense. After all, part of it is also personal. For example, you can claim 20% as a business expense. You can then indeed claim 20% *the amount of enabled months* of the price.

Has this answered your question?

Kind regards,

Louise

www.ticenits.be

Dear Louise

Thank you for your response! I knew about the 20% :-) Now I am sure that I have to calculate the amount of enabled months.

For the last invoice, I just want to know if I can book the full amount (to 20%) in this financial year 2023? I'm unsure because this invoice covers both 2023 and 2024.

Kind regards,

Sarah

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