Freelancers: bookkeeping and tax help

Self employed – Sole proprietorship – One man business

As a freelancer you have more freedom to arrange your work and to benefit of certain tax benefits. The consequence however is that you will have to take care of your own taxes. You will need to make sure that your administration is up to date, VAT returns are filed properly and the correct taxable income is declared in your personal income tax return where you also claim the applicable tax credits. This can be overwhelming and prevent you from doing business. Don’t worry, Expatax is here to help you!

Everything digital

You can easily hand over your administration to Expatax digitally. Your administration can stay up to date this way.

Why Expatax?

  • Consultant specialised in the administration and taxes of freelancers.
  • One point of contact; The same consultant handling all aspects of your case.
  • Different affordable packages depending on your needs
  • Over 15 years of experience in dealing with sole proprieters and freelancers.

Social security and tax legislation

If you work as a freelancer and are considered to be self-employed, your client does not have to deduct social security premiums from your freelance payments. If you are not considered to be self-employed, your client does have to deduct social security premiums.

Freelancers and entrepreneurs have to pay turnover tax (VAT) and income tax. If you work as a freelancer and are considered to be self-employed, your client does not have to deduct wage tax from your freelance payments.

Every quarter a VAT return must be filed. VAT is very complex. We can help you with taking care of your VAT obligations.

Your freelance income is taxed with income tax. The income will have to be declared with your other income in the annual income tax return. Expatax will file this for you too as part of our Freelancer packages.

Deductible business expenses

Any expense which is ordinary and necessary for your trade or business is deductible. Not all expenses, however, are fully deductible. Some examples of fully deductible expenses are accounting fees, insurance, office rent, telephone and internet expenses. Examples of expenses that are only partially deductible are car expenses and dining with clients. Expatax can help you with which of your expenses are fully, partially or non-deductible.

Administration

If you are working as a freelancer you must keep an administration, file VAT returns and file the annual income tax return. This is not easy and can be very time consuming so let Expatax take care of it for you so that you can invest your valuable time into your profession instead.

Be sure to check our blog for articles about working as a freelancer in the Netherlands.