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Expenses/investments for the freelancer

Question

Hi there,

I have a question for those knowing the accounting basics for the small businesses, particularly, self-employment. I am foreseeing a business expense and I heard from my accountant that the "investments" (stuff that costs more than €1000) is deducted differently somehow, i.e. not like a normal expense of a new pc would be deducted throughout 3 years.

Now, he's a very slow-to-respond professional and I figured it would be faster to get an idea of what this is here in the Q&A, since I didn't manage to put this in words for google.

Could someone clarify this?

Thanks in advance!

anon

- "I didn't manage to put this in words for google."
- "Amortissement des investissements"

But it also sounds like you need a new accountant.

Nov 25, 2018 10:25
AJ

I think that you are referring to depreciation or amortisation. When you buy an item like a computer or a car via your business, the cost is deducted over a period of several years into the future, not taken in a single year like most expenses. The period depends on what the item is.

Nov 25, 2018 13:39
J

Anything remotely business related, you get an invoice for and the accountant sorts it out.

Nov 26, 2018 10:55
becasse

"Anything remotely business related, you get an invoice for and the accountant sorts it out." ........ you get a proper VAT invoice for ........

Nov 26, 2018 11:44
anadht

Thanks, ANON, AJ for the clarifications!

Nov 26, 2018 12:59