EPISODE · Jun 17, 2024 · 11 MIN
#38 What expenses can be deducted in my business?
from Business Lessons in Denmark · host Cool Accounts ApS
What expenses can be deducted in your business? 💼 Can Rezső deduct the Paris trip as a business expense? 🗼 In this episode, we explain what expenses can be deducted in your business and when an expense is considered a business expense. Join us to learn how to manage your business finances effectively! 🚀 Content: 00:00 - Intro 00:24 - Introduction 01:17 - Listener question: What do the various lines on a payslip mean? 05:04 - What counts as a business expense? 07:10 - Types of business expenses 10:18 - Closing thoughts Key takeaways from the episode: 📌 Only expenses directly necessary for generating revenue can be deducted. 📌 Material costs and equipment, employee salaries and contributions, marketing and advertising expenses, office space costs, company car operating costs, and administrative costs can be deducted. ▶️ Useful links for the episode: Fradrag for virksomhedens udgifter: https://skat.dk/erhverv/egen-virksomhed/fradrag-for-virksomhedens-udgifter 🦉 Cool Accounts ApS Get the most out of your business! Leave the bookkeeping and tax matters to a specialist! https://accounts.cool/en/
What this episode covers
What expenses can be deducted in your business? 💼 Can Rezső deduct the Paris trip as a business expense? 🗼 In this episode, we explain what expenses can be deducted in your business and when an expense is considered a business expense. Join us to learn how to manage your business finances effectively! 🚀 Content: 00:00 - Intro 00:24 - Introduction 01:17 - Listener question: What do the various lines on a payslip mean? 05:04 - What counts as a business expense? 07:10 - Types of business expenses 10:18 - Closing thoughts Key takeaways from the episode: 📌 Only expenses directly necessary for generating revenue can be deducted. 📌 Material costs and equipment, employee salaries and contributions, marketing and advertising expenses, office space costs, company car operating costs, and administrative costs can be deducted. ▶️ Useful links for the episode: Fradrag for virksomhedens udgifter: https://skat.dk/erhverv/egen-virksomhed/fradrag-for-virksomhedens-udgifter 🦉 Cool Accounts ApS Get the most out of your business! Leave the bookkeeping and tax matters to a specialist! https://accounts.cool/en/
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#38 What expenses can be deducted in my business?
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