Mobile menu

Can PayPal fees be written off?
Thread poster: MagicSpel
MagicSpel
Local time: 21:03
English to Polish
+ ...
Mar 13, 2007

Hi Everyone:

I got a new accountant recently who isn't very familiar with PayPal/Moneybookers. However, she is surprised at how high the fees are for PayPal (I have a busineiss account and lose 3% to fees (no clue why that much) for each payment that comes onto my account.

Is it possible to declare theses fees as an expense for tax purposes? I'm in Poland, but any input will be appreciated.


Direct link Reply with quote
 

Sonia Hill
United Kingdom
Local time: 20:03
Member (2010)
Italian to English
Yes Mar 13, 2007

I declare them as an expense in the UK.

Direct link Reply with quote
 

Parrot  Identity Verified
Spain
Local time: 21:03
Member (2002)
Spanish to English
+ ...
Financial costs Mar 13, 2007

They fall under the same heading as the service rates for cashing cheques or making money transfers.

Direct link Reply with quote
 
MagicSpel
Local time: 21:03
English to Polish
+ ...
TOPIC STARTER
No? Mar 13, 2007

Parrot wrote:

They fall under the same heading as the service rates for cashing cheques or making money transfers.


So you mean no?


Direct link Reply with quote
 

Erik Hansson  Identity Verified
Germany
Member (2002)
Swedish
+ ...
Can be written off Mar 13, 2007

As already stated in the previous postings, these expenses can of course be written off. Any account expenses, if for an old-fashioned bank account or an online account, which arise when transferring money to or from your business are deductible. However it would be a good idea to avoid any private transfers connected to your PayPal account, and only use it for business.

Erik

**********************************
Erik Hansson ( SFÖ )
Technical translator DE-SV
Hansson Übersetzungen GmbH
Website www.hansson.de
ProZ profile http://www.proz.com/pro/21654
***********************************


Direct link Reply with quote
 


To report site rules violations or get help, contact a site moderator:


You can also contact site staff by submitting a support request »

Can PayPal fees be written off?

Advanced search


Translation news





Across v6.3
Translation Toolkit and Sales Potential under One Roof

Apart from features that enable you to translate more efficiently, the new Across Translator Edition v6.3 comprises your crossMarket membership. The new online network for Across users assists you in exploring new sales potential and generating revenue.

More info »
Wordfast Pro
Translation Memory Software for Any Platform

Exclusive discount for ProZ.com users! Save over 13% when purchasing Wordfast Pro through ProZ.com. Wordfast is the world's #1 provider of platform-independent Translation Memory software. Consistently ranked the most user-friendly and highest value

More info »



All of ProZ.com
  • All of ProZ.com
  • Term search
  • Jobs