If you’re spending money on your business, you can reduce the amount of income tax you need to pay. This means that categorising something as a business expense in the Kontist app will channel funds back from your tax reserves to what’s truly Yours.
Kontist currently supports over 95% of business expenses.
What’s not supported (yet)?
One word: depreciation. For high-value purchases, it’s better to spread the Income Tax Deduction over several years. For now, you’ll still need to take care of those rare casese manually.
Find out more about the German tax system on our blog: