Income statement with loans
September 21, 2021 | 40,00 EUR | answered by Steuerberater Bernd Thomas
It is a company foundation (sole proprietorship) with a KfW loan of 30,000€.
The following scenario:
Acquisition costs amounting to 20,000€, which can be billed directly as operating expenses as low-value assets
Further operating expenses amounting to 10,000€ in the current business year.
Income of 15,000€ in the current business year.
In this case, the profit and loss statement (EÜR) would result in a LOSS of 15,000€ at the end of the year.
However, since I received 30,000€ through the loan, there will still be 15,000€ in the PLUS on the account in the end.
What should I do with this money? Can I transfer it tax-free to my personal account (to possibly offset the loan)? Or does this money still need to be taxed? According to the EÜR, the money does not actually exist, as a loan does not have to be considered in the EÜR.
I would greatly appreciate a quick response!
Thank you!
Dear questioner,
I am happy to answer your inquiry based on the information provided in a initial consultation on frag-einen.com. The response is based on the information you have provided. Missing or incorrect information can affect the legal outcome.
As a revenue surplus calculator, you generally determine your profit by subtracting operating income from operating expenses, with some exceptions (e.g. fixed assets, but not relevant for immediately depreciable small value assets). How you use your liquidity is completely independent of whether you have a positive or negative operating result, so you can use it to repay loans or use the liquidity elsewhere. However, overdrawn amounts may arise from private consumption and loan-financed operating expenses, which may result in only partial deductibility of loan interest (see § 4 para. 4a EStG for details).
Best regards,
Bernd Thomas
Tax consultant
Information according to DL-InfoV: Tax consultant Dipl.-Kaufmann (FH) Bernd Thomas, tax consultant, Neustadtswall 85, 28199 Bremen, member of the Hanseatic Chamber of Tax Consultants Bremen, registration number 111705, professional liability insurance with R+V Allgemeine Versicherung AG, Mittlerer Pfad 24, 70499 Stuttgart, insurance sum: 250,000 euros per individual damage, annual maximum benefit: 1,000,000 euros (for all damages in one insurance year); the professional regulations of §§ 3, 3a, 32, 43 of the Tax Consultancy Act apply (regulations can be viewed at: http://www.gesetze-im-internet.de/stberg)
