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,
I started a secondary occupation in June 2023.
I would like to enter our car as an investment.
We purchased the car on 28/04/2021. Can/may I still depreciate it for 5 year?
The car cost €27,000. Can I enter this purchase price?
And how much per kilometre can I enter for my mileage log?
Thank you!
If you are going to drive it for another 5 years, I believe you can depreciate it over 5 years. You will need to determine a professional use percentage for both professional and private use. You then enter all expenses for this car according to the same professional use percentage. As a self-employed person, you can decide for yourself what amount per kilometre you invoice to your customer. Google can help you with this (I think it's currently around €0.4269/km).
You really should try it out for yourself. Even if you don’t have a company number yet, you can already go ahead.
