You know those game shows where, if you win, you get like 2 minutes to run around a shop and stuff your shopping trolley with high-value items? Well that’s kind of how I feel now.
You see, I have been a freelance Flash developer for the last year (yes, I know, it’s a crappy homepage), doing the occasional small project here and there to boost my income. And I discovered quickly that the tax level in Sweden for freelancers is insane.
As soon as I receive money for a project, I must immediately chop off two thirds and put it in a tax account. Yes, in Sweden freelancers pay over 60% tax.
Now it would hardly be worthwhile at all, except for the fact that, as a small company, I get to write off expenses. This means that anything related to my business is essentially free. So, as I have a hefty sum still in my tax account, I am frantically trying to find things to spend it on before the end of the year.
So far I have bought a Mac laptop, a sack full of computer peripherals and software, and been eating out (customer representation) but I still have a way to go. And now I am running out of ideas, and also running out of time. So the question is: how to spend a lot of money in a short time, on things that can reasonably be connected to my business and written off as expenses?
For example, I went to New York a few weeks ago. Can the plane ticket be written off? How about a new mobile telephone? A camera? Massage? An iPod?
Any ideas and tips are welcome. Because handing over that much money to the tax man is, as I think you will agree, just plain wrong.