Calculate taxes as a freelancer

Put on a cushion as a freelancer

• freelancer usually come with two types of steer faced. On the one hand, like all other professionals, with income tax, on the other hand with sales tax.
• The overview of the approximate taxes at the end of the year is continuously given by the sales tax obligation, since the sales tax must also be paid during the year. It is therefore relatively easy to calculate the amount of the reserve.
• Calculating sales tax is not difficult either, only the different tax rates have to be taken into account. The VAT invoiced is offset against the VAT paid for professional reasons. The surplus must be paid off; if there is a shortfall, reimbursement is made.
• In contrast to traders, freelancers have the advantage that they do not have to pay any trade tax or trade income tax.

Calculate the tax in advance

• Due to the ongoing sales tax calculation, you already have an initial overview of the income situation.


Tax return as a freelancer - you should pay attention to this

If you do your tax return as a freelancer, you have to pay attention to a few things. There is …

• To calculate taxes in advance as a freelancer, take into account the depreciation on furnishings and other long-lived assets.
• Whether you are a freelancer or an employee, you can also deduct special expenses from tax. Corresponding to other income, be it income from capital assets or rental and leasing, calculate your income against expenses in these areas as well.
• With help of a Tax calculator then calculate the approximate tax burden that awaits you.
• While you should have time to file your tax return with income tax Pay careful attention to the dates for sales tax - the tax authorities are extreme here strictly.