Freelancing, are you becoming one, or have you already started as a freelancer? This may have consequences for your tax situation. Check out what effect this has on your income, you do not only come from? BAS to help you!
Result recipient
There is no entrepreneurship or an employment relationship, but dit you work that is profitable? Then take your income from other work. The tax thus qualifies you as a result recipient.
Costs to subtract
The costs you incur while working, you can deduct. For such things as the purchase and use of a car, costs incurred during the work, and possibly the use of a property subject to the same rules as entrepreneurs.
Administration
Keep track of other work you do by maintaining records, because it does have a catch. You are under an obligation to provide information about these revenues and costs. It is therefore important that you are careful with your documentation.
Additionally, for a beneficiary (ie no operatorthere should be an income tax return, but you can file it as an entrepreneur for VAT. In that case, the record keeping is mandatory.
Opting-in-regeling
You can make arrangements with your client. One of the options that you can select e is that their income tax, national insurance contributions, and/or contributed Health Insurance pays for you. This has advantages and disadvantages. The costs for the work you CANNOT subtract, but this allows the client to be able to give you a load compensation such as travel expenses or compensation for the purchase of tools/resources. You can weigh in each job or task for yourself whether it is interesting to apply the opt-in regime.
Outsourcing
If you regularly moonlight at a job while waiting for all the uitzoek? and filing work has to be done for the tax return,BAS can help you.
We know all the rules and criteria used by the IRS Belastingfienst? and can quickly arrange everything for you. So you can be sure it is done right the first time, and you have no hassle afterwards. Nothing is more annoying than a retrospective tax assessment with a considerable amount.
Uncertain about your situation, or just want to file your tax returns? Please contact BAS and make an appointment for an interview.
Schedule an appointment?
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