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Topic 9
Myths & facts
Common misconceptions, briefly set straight.
- 9.1Myth: “I need a tax advisor.”
- 9.2Myth: "My tax advisor is liable, so I'm off the hook."
- 9.3Myth: "Writing it off means I get the money back."
- 9.4Myth: "The VAT in my bank account belongs to me."
- 9.5Myth: “Revenue equals profit.”
- 9.6Myth: “With a GmbH, I am never personally liable.”
- 9.7Myth: “The UG also has a €24,500 trade tax allowance.”
- 9.8Myth: “I don’t pay any taxes in the first year.”
- 9.9Myth: “As a Kleinunternehmer, I don't have to do anything.”