Dear Sir/Madam,
I only have expenses for the start-up of my sole proprietor. When should I claim these expenses?
I assume that expenses are deducted from my turnover. But I don’t have any turnover yet.
Hopefully not a stupid question. 🙂
Kind regards
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.
Dear Sir/Madam,
I only have expenses for the start-up of my sole proprietor. When should I claim these expenses?
I assume that expenses are deducted from my turnover. But I don’t have any turnover yet.
Hopefully not a stupid question. 🙂
Kind regards
You can certainly claim expenses, even without any turnover. Starting up a business costs money, while you may still be searching for customers.
Even making a (limited) loss in your first year is perfectly fine, it can happen. This may be a result of having expenses for a few months before you start generating turnover.
So no problem! ;)
Yes, I also made a loss in my first Dexxter year (2021). Barely any income, but some costs, so I asked my advisor for advice, but that was fine.
Making a loss in your first year (without turnover or with little turnover) is perfectly fine.
You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.