Business tax return
Updated
Truster prepares the business tax return (form 5) on your behalf. The tax return is included in your service fee, so we do not charge a separate fee for it. In order for us to prepare the return, you need to have an active Pro Light subscription at the time the tax return is filed and we need to have a valid company authorization.
Mileage deduction and mileage log
For the mileage deduction, you need to keep a mileage log during the financial year specifying the car's total mileage and the share of work-related driving. A car that belongs to your private assets must be owned by either you or your spouse for the mileage deduction to be granted.
If you have a car in your accounting, you cannot claim the mileage deduction on the tax return, but instead use the expenses of the car recorded in the accounts. In that case, keeping a mileage log during the financial year is still mandatory.
Personal tax return
As an entrepreneur, you will also receive a personal pre-completed tax return by post. You need to check the personal tax return yourself, even though you don't need to worry about the business tax return (form 5), since Truster takes care of it for you electronically. The deadline for the personal tax return is the same as for the business tax return.
At the turn of the year, we send a tax return questionnaire by email, and it remains open until the end of February. The form is divided into clear sections where you answer a few questions about your work, mileage log, and any additional deductions.
What can prevent the tax return from being prepared?
The first obstacle is a missing Suomi.fi company authorization. Without the company authorization, we cannot access your tax return at all.
The second obstacle is that your Pro Light subscription is not active. Preparing the tax return requires that your subscription is valid for the entire time the tax return is being prepared.
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