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Expenses/investments for the freelancer
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!
- "I didn't manage to put this in words for google."
- "Amortissement des investissements"
But it also sounds like you need a new accountant.
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.
Anything remotely business related, you get an invoice for and the accountant sorts it out.
"Anything remotely business related, you get an invoice for and the accountant sorts it out." ........ you get a proper VAT invoice for ........