Correctly declare income tax for freelancers

Income tax checklist

• List income: Probably the most important information for determining income tax results from the entries. This is only the income that was actually determined from your freelance work in the last year. List the earnings related to it bills on.
• List expenses: Now collect all the expenses that you recorded in the last year related to freelance work. Pay attention to a clear separation between private and business expenses in order to avoid trouble with the Tax office to avoid. These could, for. B. costs count for printer paper or the computer.
• Getting business expenses right: When calculating income tax, think about internet, phone and car costs. If you have a real study, you can also include expenses for furnishing it.
• Determine the balance sheet: Now look at the amount of your income and expenses. Subtract the latter from your income in order to receive the amount that will later be subject to income tax.
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As a freelance tax advisor - waste of money or useful?

• Tax consultants know: As a freelancer, you only have limited insight into the world of finance. So you can z. B. independently determine his income tax for years and overlook the fact that the invoices issued are all incorrect due to a lack of information. These and other little things are not hidden from a tax advisor.


Billing example for freelancers - these expenses come your way

Anyone who earns their income as a freelancer for a living should ...

• Investing that pays off: Depending on the size of the company you run as a freelancer, you can pay quite a bit of money with a tax advisor. Calculate whether this also applies to you. To do this, compile the working hours that you have to invest in the income tax return and add them up to your hourly wages. Take this value and compare it to the costs that the tax advisor charges.