halleluja

Praise my accountant!! Can't say he's my new accountant because I never had one before, but I met up with him last week for the first time and decided he should declare my quarterly taxes for my business.

I send in all my bills and receipts and such. For a measly 35 euro he worked his magic with his tax program, send it in to the tax department (I got an email conformation) and it so happens that I have to pay 0 euro in taxes this time because he know about a special rule for small business owners and he put the remaining income underneath that post.

Huzzah! Should have done this years ago. The big whopper is that the cost for remodeling of the garage into a dance studio is tax deductible, meaning we'll get the 21% of taxes we pay on the remodeling back straight away, plus we can deduct an amount every year as business costs. Everything we save or get back this way will go into paying for the extra mortgage. But it gives a lot of extra breathing room.

The only catch? This only works as long as I stay in business. It's a good thing I am so motivated this year to work on dance stuff.