What costs can I claim as a self-employed person for my tax advisor?
September 12, 2022 | 60,00 EUR | answered by Ingo Koch
Dear tax advisor,
I am Christian Fröhlich and have been self-employed for several years. In the past, I have always handled my tax matters myself, but it is becoming increasingly complicated for me. Therefore, I have decided to hire a tax advisor to ensure that everything is done correctly and in an orderly manner.
Now I am wondering what costs I can claim as a self-employed individual for my tax advisor. At the moment, I do not have a precise idea of how much money I will spend on tax advice, but it would be important for me to know which expenses I can include in my accounting.
My concern is that the costs for the tax advisor may be too high and could burden my financial situation. Therefore, it would be important for me to find out what options there are to optimize the costs for the tax advisor and potentially deduct them from taxes.
Could you please detail for me which costs I can deduct as a self-employed individual for my tax advisor and how I should consider them in my tax return? Are there any special regulations or deductions available to me as a self-employed individual to reduce the costs for the tax advisor?
I thank you in advance for your support and look forward to hearing from you.
Sincerely,
Christian Fröhlich
Dear Mr. Fröhlich,
Thank you for your inquiry regarding the costs for your tax advisor as a self-employed individual. It is good that you are thinking about how to optimize the costs for tax advice and which expenses you can deduct for tax purposes.
In general, as a self-employed individual, you can claim the costs for your tax advisor as business expenses in your tax return. This means that the costs incurred for tax advice can be deducted from your profit, thereby reducing your tax burden. This applies to both ongoing advisory costs and one-time advisory costs, such as the preparation of the tax return or tax opinions.
It is important that you properly document the costs for your tax advisor in order to be able to declare them in your tax return. This includes invoices, contracts, or payment receipts that prove that the costs have actually been incurred.
In addition, there are special regulations and deductions available to self-employed individuals to reduce the costs for the tax advisor. For example, training costs or further education costs can be deducted as business expenses if they are related to your self-employment and serve to improve your professional qualifications. Also, professional literature or journals that you use for your self-employment can be claimed as business expenses.
Additionally, under certain conditions, you can also claim a lump sum for the costs of the tax advisor. This is usually 20 percent of the actual costs incurred, but no more than 1,000 euros per year.
In summary, there are various ways to deduct and optimize the costs for your tax advisor as a self-employed individual. I recommend discussing with your tax advisor which costs you can claim exactly and how best to include them in your tax return.
I hope that my explanations are helpful to you and I am available for further questions.
Best regards,
Ingo Koch
