Deductions

For example, if you invoice a customer 50,000 (ex VAT), if you have a direct expense of 10,000 (incl. VAT), you will receive 32,246 against 26,808.80 without.

We've created a salary calculator to give you an idea of what your salary paid through Factofly looks like.

Of course, based on your individual tax circumstances.

The expenses associated with the project must be proportionate to the revenue.

Fair ratio means that your expenses do not exceed more than 50% of your income and your salary must be at market conditions after expenses.

The general rule of thumb for what expenses you can deduct through Factofly is if the expense can be invoiced directly to the customer.

It's not always easy to find out what you can and can't deduct, so contact us if you're unsure whether your expense is deductible.

When we assess an expense, it is based on whether the expense is directly related to the work you invoice for.

We cannot give deductions for expenses that:

• Is outside a period where you have used Factofly to charge you
• Not loved by you
• General expenses for e.g. office
• Is issued to your (old or current) CVR number
• Not related to your profession/work
• Deals with courses/training
• Relates to food and drink

This list is not exhaustive, but if you know in advance that your expense is in the gray area, we cannot include it in the total cost of your employment.

When you have a work-related expense, make sure you save the receipt.

You take a picture of your receipt and upload it easily and simply under your profile's menu item called "deductions".