#43 Deducting expenses: What does it really mean?

If something can be 100% deducted in our company, does that mean it’s free? 💸 What exactly does deducting business expenses mean? 🤔 In our latest episode, Lilla Beck, the owner of Rene Linier cleaning company joined us to clarify what deducting expenses actually means. How is this related to the tax base and what are tax base allowances/deductions? 💰 Join us to avoid making the mistake that unfortunately some people make when thinking about expense deduction! 🎙️ 🚀 Chapters: 00:00 - Intro 00:27 - Welcome 01:28 - What does expense deduction mean? 02:50 - Tax-base: What does it mean? 06:28 - Tax-base deduction: What does it mean? 08:36 - Figures in Dinero: Are they accurate? 10:12 - Summary 12:15 - Closing thoughts Key takeaways from the episode: 📌 Company expenses are deducted from the tax base, not from the tax itself. 📌 The tax base is the amount on which we pay taxes. 📌 Tax base deductions are financial benefits established by the state, aimed at reducing taxpayers’ burdens and encouraging certain activities. 🦉 Cool Accounts ApS Get the most out of your business! Leave the bookkeeping and tax matters to a specialist! https://accounts.cool/en/