Our platform has all the tools you need to do your accounting yourself.
Our platform has all the tools you need to do your accounting yourself.
Our platform has all the tools you need to do your accounting yourself.
Our platform has all the tools you need to do your accounting yourself.
Hello everyone,
I read that it is wise to include as many expenses as possible in your business here.
But I wonder, for example, my mobile phone subscription is still paid for with my private account. Can you include that too?
Or the internet, water, (fire) insurance, etc. is paid for by a joint account. Is it just a matter of including it by simply adding an invoice or receipt?
I find it a bit strange that all of this is possible.
I'd like to know that too!
I'm following along too
A private account is not a problem in itself, it doesn't matter which account you paid from, as long as you can prove that you paid. You should search for 'private' in the box at the top. There is an article there that states: paid privately, what then?
The bottom line is that it is possible, but then the tax authorities can also look into that private account. That may not be a problem, but just be aware that it is possible.
A joint account is also possible. Similarly, you (together with your partner) paid for it. So you can prove that you paid for it, even if it was from a joint account.
An invoice, receipt, etc. is sufficient to claim it.
Three conditions:
Proof of purchase (invoice, receipt, etc.)
Proof of payment (own bank account, joint bank account, etc.)
Be able to demonstrate that it helps your business.
You must have a space to work, otherwise you cannot work. That space must have lighting, internet, insurance, etc. So that is sufficient to claim those costs.So yes, you can! But don't expect miracles, because you are limited by the professional use percentage! Your electricity bill from 200 euro, at 20% professional use percentage = 40 euro. Over 12 months, this creates 480 euro in professional expenses.
So yes, you can claim this. Yes, this is a super expense, because it has to be paid anyway and it is useful in your accounts. But it is also 'only' 480 euros to your accounts, better than nothing, but don't expect miracles. By the way, do you want to reclaim vAT? Then you will need an invoice with your company number on it. Payment is still no role; it can also be from a joint account.
Do you just want to claim the expense (non-deductible vAT is also included in the costs)? Then any document will suffice. So an electricity bill from your partner and yourself is fine. That is sufficient to claim as an expense.
There you go, a detailed answer, I think. Hope it helps! :)
Best regards, Sven
Here is an interesting blog article on the subject: https://dexxter.be/kosten-inbrengen-betaald-van-priverekening-sole proprietor/
You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.
