{"id":3327,"date":"2022-06-08T15:47:53","date_gmt":"2022-06-08T13:47:53","guid":{"rendered":"https:\/\/interstellar.accountable.de\/?p=3327"},"modified":"2023-04-27T11:08:14","modified_gmt":"2023-04-27T09:08:14","slug":"5-things-you-didnt-know-you-could-claim-on-tax","status":"publish","type":"post","link":"https:\/\/interstellar.accountable.de\/en\/blog\/5-things-you-didnt-know-you-could-claim-on-tax\/","title":{"rendered":"5 things you didn\u2019t know you could claim on tax\u00a0"},"content":{"rendered":"

If you’re self-employed, you probably have quite a few expenses. Fortunately, you can deduct a large part of these so-called business expenses from your taxes and thus reduce your own tax burden.<\/span><\/p>\n

However, many self-employed people are not even aware that they can really deduct some of their expenses. That’s why we’re going to reveal 5 things in this article that you wouldn’t have thought you could deduct from your taxes.<\/span><\/p>\n

1. Costs for a tax consultant<\/b><\/h2>\n

It sounds strange, but it’s true: If you get support from a tax advisor when preparing your tax documents, then you can deduct these costs from your taxes.<\/span><\/p>\n

This is a great option, especially for self-employed people who are just starting out, because taxes in Germany are quite complicated and having a professional accountant on your side not only makes things go much faster, but you can also prevent potential mistakes – or forgotten business expenses – and get the most out of your tax return.<\/span><\/p>\n

\u27a1\ufe0f <\/span>Thinking about becoming self-employed Part 2: Taxes, taxes, taxes<\/span><\/a><\/p>\n

\ud83d\udca1<\/span>Tip from Accountable<\/b>: If you can\u2019t afford a tax accountant but still need help with various tax topics, our app is a great alternative. With Accountable, you can create invoices, digitize your expenses and income, and virtually save all your tax-related receipts in one spot.<\/span><\/p>\n

2. Gifts<\/b><\/h2>\n

As a freelancer, it’s important to build a good relationship with your clients – and small gifts can be helpful.That\u2019s why there are many freelancers who surprise their clients with small gifts on certain occasions, such as Christmas or when successfully completing a project.<\/span><\/p>\n

You can actually deduct the costs for these gifts from your taxes. However, you can only claim 35 euros per person per year – and the prerequisite is, of course, that the recipient is a customer or business partner. If you have spent more on a gift, you cannot claim the complete expenses, but only the 35 euros mentioned.\u00a0<\/span><\/p>\n

\ud83d\udca1<\/span>Tip from Accountable:<\/b> If you have employees and want to gift them something nice, you can claim the full price as a business expense. The employee receives the gift tax-free, provided it is not worth more than 60 euros.\u00a0<\/span><\/p>\n

\u27a1\ufe0f <\/span>Here\u2019s all you need to know about hiring people as a freelancer<\/span><\/a><\/p>\n

3. Company outings and team building<\/b><\/h2>\n

If you employ people as a self-employed person, you will certainly organize one or two team events a year. The company Christmas party, for example, or a summer party are both good ways to improve the working atmosphere and contribute to team building.<\/span><\/p>\n

You can deduct the costs of these events from your taxes – as long as they don’t exceed 110 euros per employee. The considered costs include, for example, admission tickets, travel expenses, restaurant receipts, location rent or fees for trainers, speakers or artists.<\/span><\/p>\n

\u27a1\ufe0f <\/span>What should be included on all incoming invoices?<\/span><\/a><\/p>\n

4. Donating to a good cause<\/b><\/h2>\n

If you donate money to charity, you can deduct it from your taxes as a self-employed person. You simply have to declare the costs as a special expense, or <\/span>Sonderausgabe <\/span><\/i>in German, in your tax return.<\/span><\/p>\n

However, your donation must meet the following requirements in order to be recognized as such:<\/span><\/p>\n