How can I save taxes as a founder?
April 16, 2024 | 45,00 EUR | answered by Karl Albrecht
Dear tax consultant team,
I am Jenny Zornitz and I am planning to start my own business as an entrepreneur soon. I have extensively researched the topic and am aware that taxes play an important role. However, I am unsure of how I can save taxes as an entrepreneur and what options are available to minimize the tax burden.
I am aware that there are various tax saving opportunities for entrepreneurs, such as utilizing tax depreciation options, taking advantage of tax incentives, or choosing the optimal legal form. However, I lack specific information and expertise to effectively utilize these opportunities.
My concern is that as an entrepreneur, I could unintentionally end up paying too much in taxes and thus burden my financial situation. Therefore, I would like to know from you what specific actions I can take as an entrepreneur to save taxes and optimize my tax burden.
Can you provide me with specific tips and recommendations on how I can save taxes as an entrepreneur? What tax aspects should I pay particular attention to when starting my business? Are there any specific tax incentives or depreciation options that I can use as an entrepreneur?
I look forward to your expertise and thank you in advance for your support.
Best regards,
Jenny Zornitz
Dear Jenny Zornitz,
Thank you for your inquiry and interest in tax aspects related to your business start-up. As a tax expert for start-ups, I can provide you with some specific tips and recommendations to save taxes and optimize your tax burden.
First and foremost, it is important that you consider the choice of the optimal legal form for your company in a timely manner. Depending on the legal form, there are different tax regulations and opportunities for tax optimization. A common legal form for start-ups, for example, is the GmbH, as liability is limited here and there may be tax advantages.
Furthermore, you should familiarize yourself with the tax depreciation options. As a founder, you can, for example, deduct investments in your company for tax purposes and reduce the tax burden through depreciation. The use of tax incentives, such as the investment allowance or research allowance, can also help you save taxes.
Another important point is operating expenses. Make sure to carefully record and document all business expenses in order to be able to deduct them for tax purposes. Here too, you can reduce your tax burden and save taxes.
Additionally, I recommend that you get in touch with a tax advisor early on to discuss your tax questions and concerns individually. A professional tax advisor can provide you with further tips and recommendations and support you in the tax planning of your company.
In conclusion, I would like to emphasize the importance of continuously dealing with the topic of taxes and, if necessary, regularly seeking tax advice to optimize your tax situation and take advantage of possible tax benefits.
I hope this information is helpful to you and wish you success in your business start-up. If you have any further questions, please feel free to contact me.
Kind regards,
Karl Albrecht
