Accountant in Copenhagen giving accounting advise on tax, VAT, e-conomic, Dinero, Billy´s Billing

We share our insights and information on starting a sole proprietorship in Denmark. You can also read more on our website: https://www.daniaaccounting.com/slider/sole-proprietorship-denmark/ #entrepreneur #business #startup #soleproprietor #soleproprietorship

The business tax scheme is a particular tax scheme in Denmark you can use as a sole proprietor to lower or postpone your income tax. The business tax scheme enables you to use the company income tax rate (which is 22% in 2022) on the part of the profit from your sole proprietorship not withdrawn from the business to your private bank account. Read more here: https://www.daniaaccounting.com/slider/business-tax-scheme-in-denmark/ #daniaaccounting #businesstaxscheme #tax #business #denmark

Learn more about the most popular limited liability company structure in Denmark called the “ApS” on our blog: https://www.daniaaccounting.com/slider/incorporate-limited-liability-company-in-denmark-aps/ #ApS #incorporation #denmark #LTD

Let's face it. Times have been really difficult for everyone. Some businesses have skyrocketed their sales and are now struggling to find enough employees to deliver and others have seen their sales plummet to zero. Are you considering closing your ApS in Denmark? There are 5 important types of closures: 1. Voluntary liquidation (decided by the shareholders); 2. Compulsory dissolution (ordered by the court); 3. Restructuring; 4. Bankruptcy (petition filed by the company or a creditor) and; 5. Liquidation using a statement from the shareholders (decided by the shareholders). You can learn more about closing your ApS on our blog: https://www.daniaaccounting.com/slider/how-to-close-aps/ #daniaaccounting #aps #close #denmark #dissolution #liquidation #restructuring #bankruptcy

Shareholder loans can be anything from payments done using the company credit card to pay for a private cost on behalf of a shareholder, to salary advances paid to a shareholder when a payslip has not yet been made, to dividends that are distributed without complying with the Companies Act or actual loans issued to the shareholder. According to the Companies Act, then a shareholder loan can be legal if certain formalities are in order. However, if the loan is issued to a shareholder who is a physical person and not a company it will be double-taxed regardless of being legal or not. Yes, double-taxed! In reality, making shareholder loans a really bad idea! If you have received a shareholder loan by mistake and want to avoid being double-taxed, there is a way however, that can help repair the unfortunate shareholder loan. Read more here: https://www.daniaaccounting.com/slider/why-shareholder-loans-in-denmark-is-a-really-bad-idea/ #shareholderloan #loan #shareholder #tax #denmark

What is the risk for you and your client if it turns out you are considered an employee and not a freelancer or self-employed (sole proprietor)? Well, first of all, your client could face both a tax bill (since he should have withheld your personal income tax) and fines for not complying with legislation (e.g. not providing you with a proper employment contract, breach of the Danish holiday act, termination periods). Read more here: https://www.daniaaccounting.com/slider/freelancer-self-employed/ #employee #freelancer #soleproprietor #tax

If you have your own business, a sole proprietorship, you need to make partial tax payments during the year in ten equal instalments. We teach you how tax is paid and we discuss when to use the 3 tax schemes for sole proprietors in Denmark. Read more about tax as a sole proprietor here: https://www.daniaaccounting.com/slider/tax_in_denmark_as_a_sole_proprietor_b-tax/ #daniaaccounting #tax #soleproprietor #denmark

Are you struggling to open a new bank account for your business? We give inspiration and ideas as to which banks to approach and how to get started using a fintech solution as an alternative to a traditional bank. You can read more here: https://www.daniaaccounting.com/slider/how-to-open-a-company-bank-account-denmark/ #bank #fintech #inspiration #entrepreneur #startup #bankaccount #bank #business

Limited liability companies in Denmark pay company income tax on their taxable profits. The company income tax in Denmark is 22% for limited liability companies (2022). You can learn more about company income tax in our video here or read more on our website: https://www.daniaaccounting.com/slider/company-income-tax-dividend-dividend-tax-in-denmark/ #ApS #CompanyIncomeTax #CIT #Tax #Denmark #ltd

After company income tax is paid, a company can choose to distribute the remaining profits as dividends to the shareholders when certain criteria are met. The dividend tax is typically either 0%, 27% or 42% when paid to the shareholders (2021 rates) depending on how much dividend is distributed and to who. Holding companies, in general, does not pay dividend tax in Denmark, when they own 10% or more of the company. Read more about dividend tax here: https://www.daniaaccounting.com/slider/company-income-tax-dividend-dividend-tax-in-denmark/