
Tax advice for the self-employed
As a self-employed person, you run a company alone or with employees, often with partners. The only difference to a trader is that you don’t have to pay trade tax. It is therefore crucial to set the course when the company is founded in such a way that the tax office does not see you as a trader.
Section 18 of the Income Tax Act does set quite high hurdles to achieve the coveted freelance status. However, in many cases even academics are unable to qualify as freelancers for tax purposes.
Another advantage can be that, as a freelancer, you do not have to draw up any balance sheets. This simplifies bookkeeping considerably and leaves room for maneuver that balance sheets do not have. Here, however, you have to carefully weigh up whether a balance sheet should be drawn up or not because of the controlling.
The law firm works according to the network principle. You have one contact person for all of your legal and tax expertise. If you have any special questions, he or she will bring the necessary specialists for you, but will always keep an overview. That saves time and money. This ensures trustful cooperation.