{"id":2229,"date":"2024-07-10T09:09:27","date_gmt":"2024-07-10T09:09:27","guid":{"rendered":"https:\/\/wwwstaging.keesdeboekhouder.nl\/tax-tips-for-freelancers-common-mistakes-and-how-to-avoid-them\/"},"modified":"2024-10-09T12:11:44","modified_gmt":"2024-10-09T12:11:44","slug":"tax-tips-for-freelancers-common-mistakes-and-how-to-avoid-them","status":"publish","type":"post","link":"https:\/\/wwwstaging.keesdeboekhouder.nl\/en\/tax-tips-for-freelancers-common-mistakes-and-how-to-avoid-them\/","title":{"rendered":"Tax tips for self-employed people: Common mistakes and how to avoid them"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"2229\" class=\"elementor elementor-2229 elementor-285\" data-elementor-post-type=\"post\">\n\t\t\t\t<div class=\"elementor-element elementor-element-8f9bce9 e-flex e-con-boxed e-con e-parent\" data-id=\"8f9bce9\" data-element_type=\"container\">\n\t\t\t\t\t<div class=\"e-con-inner\">\n\t\t\t\t<div class=\"elementor-element elementor-element-b1a94f6 elementor-widget elementor-widget-text-editor\" data-id=\"b1a94f6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p><strong>As a self-employed person you have several obligations, including submitting your tax returns (on time!). In this blog about tax tips for self-employed people, we\u2019ll explain some common mistakes and how to avoid them.<\/strong><\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-304c26b elementor-widget__width-initial elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"304c26b\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-454a6e7 elementor-widget elementor-widget-text-editor\" data-id=\"454a6e7\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<article id=\"post-24299\" class=\"post-24299 post type-post status-publish format-standard has-post-thumbnail hentry category-keep-up-en\"><div class=\"entry-content\"><section class=\"text-block block columns-1\"><div class=\"container\"><div class=\"row\"><div class=\"col-12 offset-lg-1 col-lg-10 offset-xl-2 col-xl-8\"><div class=\"text-block__text-wrapper rich-text d-block\"><p><strong>#1. Lack of overview of your business administration<\/strong><br \/>If you don\u2019t keep your books and business administration properly, or if they\u2019re disorganised, you can quickly lose overview, which can cause unnecessary stress. Moreover, it\u2019ll become increasingly difficult to find the necessary information you need to file your tax returns.<\/p><p><em>Solution: Kees de Boekhouder\u2019s accounting software has an intuitive user interface, and helps you organise your business administration in a clear manner. You also have a personal bookkeeper who\u2019ll check your finances and submit your tax returns, so that you won\u2019t have to worry about your business administration.<\/em><\/p><p><strong>#2. Not submitting your tax returns on time<\/strong><br \/>If you submit the VAT return too late or not at all, this will be considered a failure to file resulting in a fine (\u20ac 68 in 2024). The annual income tax return must also be submitted on time. If your tax return is late, you\u2019ll first receive a formal reminder, and after that a second reminder announcing legal action. If you don\u2019t submit your tax return within the period communicated in the second reminder, you\u2019ll also receive a fine.<\/p><p><em>Solution: Our online accounting software automatically sends you reminders about important tax return deadlines.<\/em><\/p><p><strong>#3. Not calculating VAT correctly<\/strong><br \/>As a self-employed person you need to be aware of your VAT obligations. For example, you must always file a VAT return, even if you haven\u2019t received or paid VAT during the relevant period. It\u2019s also important that you calculate and report VAT correctly.<\/p><p><em>Solution: Read up on VAT obligations and use our accounting software to correctly calculate VAT. You can also always contact your bookkeeper if you have any VAT-related questions.<\/em><\/p><p><strong>#4. Not applying deductions, or not applying them correctly<\/strong><br \/>Many self-employed people are not sufficiently aware of which deductions (such as the\u00a0<a href=\"https:\/\/www.keesdeboekhouder.nl\/en\/private-business-ownership-allowance-at-1225-hours-what-does-this-mean\/\" target=\"_blank\" rel=\"noopener\">private business ownership allowance for working 1225 hours<\/a>) they can apply. This not only results in errors in tax returns, but also in unnecessarily high tax assessments. Which is a shame, because you obviously don\u2019t want to pay more tax than necessary!<\/p><p><em>Solution: Outsource your tax returns to a professional bookkeeper who knows exactly which costs you can deduct.<\/em><\/p><p><strong>#5. Your declaration for income tax is incorrect or missing<\/strong><br \/>As a self-employed person it\u2019s very important that you declare all your income and that you declare it correctly. If the Dutch Tax and Customs Administration does a random check and finds out that something is wrong, you can be fined (also read:\u00a0<a href=\"https:\/\/www.keesdeboekhouder.nl\/en\/the-difference-between-tax-penalties-and-tax-interest\/\" target=\"_blank\" rel=\"noopener\">The difference between tax penalties and tax interest<\/a>).<\/p><p><em>Solution: With our online tool you can effortlessly track all your income. All income is automatically included in your income statement.<\/em><\/p><p><strong>Looking for more tax tips for self-employed people?<\/strong><br \/>Are you wondering how Kees de Boekhouder can help you with even more tax tips or arranging your tax affairs? Please make an appointment for a\u00a0<a href=\"https:\/\/www.keesdeboekhouder.nl\/en\/make-appointment\/\" target=\"_blank\" rel=\"noopener\">no-obligation introductory meeting<\/a>\u00a0or contact your personal bookkeeper!<\/p><\/div><\/div><\/div><\/div><\/section><\/div><\/article><section class=\"job-application-external-block block job-application-external-block--single\"><div class=\"container\"><div class=\"row align-items-center\"><div class=\"job-application-external-block_additional-title col-12 col-md-5 offset-lg-0 col-lg-5 offset-xl-0 col-xl-5\">\u00a0<\/div><\/div><\/div><\/section>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>As a self-employed person, you have several obligations, including filing your tax returns (on time!).<\/p>\n","protected":false},"author":1,"featured_media":1983,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[41],"tags":[],"class_list":["post-2229","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-keep-up-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/wwwstaging.keesdeboekhouder.nl\/en\/wp-json\/wp\/v2\/posts\/2229","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wwwstaging.keesdeboekhouder.nl\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wwwstaging.keesdeboekhouder.nl\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wwwstaging.keesdeboekhouder.nl\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/wwwstaging.keesdeboekhouder.nl\/en\/wp-json\/wp\/v2\/comments?post=2229"}],"version-history":[{"count":5,"href":"https:\/\/wwwstaging.keesdeboekhouder.nl\/en\/wp-json\/wp\/v2\/posts\/2229\/revisions"}],"predecessor-version":[{"id":3939,"href":"https:\/\/wwwstaging.keesdeboekhouder.nl\/en\/wp-json\/wp\/v2\/posts\/2229\/revisions\/3939"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wwwstaging.keesdeboekhouder.nl\/en\/wp-json\/wp\/v2\/media\/1983"}],"wp:attachment":[{"href":"https:\/\/wwwstaging.keesdeboekhouder.nl\/en\/wp-json\/wp\/v2\/media?parent=2229"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wwwstaging.keesdeboekhouder.nl\/en\/wp-json\/wp\/v2\/categories?post=2229"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wwwstaging.keesdeboekhouder.nl\/en\/wp-json\/wp\/v2\/tags?post=2229"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}