Business Lessons in Denmark

By Cool Accounts ApS

Time is money - but so is knowledge.

This podcast from Cool Accounts ApS gives you practical advice and useful tips about the administration and financial management of your company.

It helps you wit... more

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FAQs about Business Lessons in Denmark:

How many episodes does Business Lessons in Denmark have?

The podcast currently has 54 episodes available.

Business Lessons in Denmark episodes:

July 22, 2024 #43 Deducting expenses: What does it really mean?
If something can be 100% deducted in our company, does that mean it’s free? 💸
What exactly does deducting business expenses mean? 🤔
In our latest episode, Lilla Beck, the owner of Rene Linier cleaning company joined us to clarify what deducting expenses actually means. How is this related to the tax base and what are tax base allowances/deductions? 💰
Join us to avoid making the mistake that unfortunately some people make when thinking about expense deduction! 🎙️
🚀 Chapters:
00:00 - Intro
00:27 - Welcome
01:28 - What does expense deduction mean?
02:50 - Tax-base: What does it mean?
06:28 - Tax-base deduction: What does it mean?
08:36 - Figures in Dinero: Are they accurate?
10:12 - Summary
12:15 - Closing thoughts
Key takeaways from the episode:
📌 Company expenses are deducted from the tax base, not from the tax itself.
📌 The tax base is the amount on which we pay taxes.
📌 Tax base deductions are financial benefits established by the state, aimed at reducing taxpayers’ burdens and encouraging certain activities.
🦉 Cool Accounts ApS
Get the most out of your business!
Leave the bookkeeping and tax matters to a specialist!
https://accounts.cool/en/
...more
14min
July 15, 2024 #42 How can high-value assets be deducted in your company?
Are you considering buying new machines, vehicles, or other high-value assets for your business? 🤔
In this episode, we will discuss the rules of cost deduction of high-value assets and you will learn about the different types of these assets. 📊
Join us and learn how to keep your business finances in order! 🎙️
🚀 Content:
00:00 - Intro
00:22 - Welcome
03:50 - High-value assets and their cost deduction
04:10 - Tangible assets
04:43 - Intangible assets and examples
06:12 - Financial investments
06:58 - Individual record-keeping and spreading costs
08:35 - Closing thoughts
The main takeaways from this episode:
📌 The cost of high-value assets should be spread over several years, reflecting their gradual depreciation.
📌 Individual record-keeping of assets is essential for accurate accounting.
📌 Financial investments and intangible assets are also important components of a business’s finances.
▶️ Useful links for the episode:
Anlægsaktiver – Hvad er et anlægsaktiv? https://dinero.dk/ordbog/anlaegsaktiver/
🦉 Cool Accounts ApS
Get the most out of your business!
Leave the bookkeeping and tax matters to a specialist!
https://accounts.cool/en/
...more
10min
July 08, 2024 #41 How can low-value assets be deducted in your company?
Do you need a vacuum cleaner, a desk, or a printer for your company? How can you deduct your work tools as expenses? 🤔
Rezső received another order, but for this task, he will need a drone to take aerial shots.🎞️
But what rules apply to deducting the expenses of work tools?
What is the difference between low-value and high-value assets?🔧 🚜
In this episode, we discuss all this, and we even have some good news for Rezső at the end.💡
Join us to learn about the possibilities and rules related to another common challenge! 🎙️
Key Takeaways from the Episode:
📌 Small-value assets can be immediately deducted as expenses if their value does not exceed the threshold.
📌 Individual record-keeping and spreading costs over several years are only necessary for high-value assets.
📌 It is important that assets can be used independently for deducting them in one go.
▶️ Useful links for the episode:
Småanskaffelser og aktiver – hvad er forskellen? https://dinero.dk/tips/smaaanskaffelser-og-aktiver/
🦉 Cool Accounts ApS
Get the most out of your business!
Leave the bookkeeping and tax matters to a specialist!
https://accounts.cool/en/
...more
11min
July 01, 2024 #40 How can work clothes be deducted in your company?
As a business owner, you may need special clothing for your job, such as protective gear.👷 But it could also be that you work in simple T-shirts and trousers.👕👖
In any case, it would be great if you could deduct what you spend on clothing as a business expense.🤔
But is this even possible, and if so, how? What conditions need to be met in order for you to account for workwear as an expense? In our latest episode, we provide the answers to these questions.🎙️

🚀 Content:
00:00 - Intro
00:30 - Welcome
00:50 - Listener question: Transport deduction for a detour?
03:10 - Conditions for deduction for workwear as a business owner
04:30 - Special clothing and tax benefits
05:05 - Clothing that can be used for private purposes
07:20 - Benefits of clothing with your company’s logo
10:00 - Summary and closing thoughts
Key Takeaways from the Episode:
📌 Workwear can be accounted for if certain conditions are met.
📌 Clothing that can also be used for private purposes cannot be accounted for as workwear.
📌 Costs for special clothing required for work can be deducted.
📌 Logoed clothing can be accounted for as workwear and also serves as advertising.
▶️ Useful links for the episode: Arbejdstøj: https://skat.dk/erhverv/ansatte-og-loen/personalegoder-naar-du-er-arbejdsgiver/arbejdstoej
🦉 Cool Accounts ApS
Get the most out of your business!
Leave the bookkeeping and tax matters to a specialist!
https://accounts.cool/en/
...more
11min
June 24, 2024 #39 How can phone and internet expenses be deducted?
How to Deduct Mobile Phone and Internet Expenses as a Business Owner! 📱💻
Do you want to know how to deduct mobile phone and internet expenses as a business owner? What rules apply, and what should you pay attention to? Listen to our latest episode to learn everything you need to know!
Key Takeaways from the Episode:
📌 Mobile phone and internet expenses can be deducted as business costs, but some rules must be followed.
📌 The phone bill must be in the company's name, and the proportion of business and private use must be determined.
📌 VAT can only be claimed back based on the proportion of business use.
📌 Mobile phone and internet are taxable as fringe benefits.
📌 Internet costs can also be deducted when working from home, but certain conditions must be met.
▶️ Useful links for the episode:
Fri telefon, computer og internet: https://skat.dk/borger/personalegoder-hvis-du-er-medarbejder/fri-telefon-computer-og-internet
🦉 Cool Accounts ApS
Get the most out of your business!
Leave the bookkeeping and tax matters to a specialist!
https://accounts.cool/en/
...more
11min
June 17, 2024 #38 What expenses can be deducted in my business?
What expenses can be deducted in your business? 💼 Can Rezső deduct the Paris trip as a business expense? 🗼
In this episode, we explain what expenses can be deducted in your business and when an expense is considered a business expense. Join us to learn how to manage your business finances effectively!
🚀 Content:
00:00 - Intro
00:24 - Introduction
01:17 - Listener question: What do the various lines on a payslip mean?
05:04 - What counts as a business expense?
07:10 - Types of business expenses
10:18 - Closing thoughts
Key takeaways from the episode:
📌 Only expenses directly necessary for generating revenue can be deducted.
📌 Material costs and equipment, employee salaries and contributions, marketing and advertising expenses, office space costs, company car operating costs, and administrative costs can be deducted.
▶️ Useful links for the episode:
Fradrag for virksomhedens udgifter: https://skat.dk/erhverv/egen-virksomhed/fradrag-for-virksomhedens-udgifter
🦉 Cool Accounts ApS
Get the most out of your business!
Leave the bookkeeping and tax matters to a specialist!
https://accounts.cool/en/
...more
12min
June 10, 2024 #37 Car Leasing for Your Business
Will leasing solve Rezső’s car problem? 🚗
In our latest episode, we explore the options available to you if you decide to lease a car and how it can benefit your business 🚀 💼.
🚀 Content:
00:00 - Intro
00:20 - Introduction
01:20 - Car leasing options for business owners
01:51 - Financing lease vs. operational lease
03:56 - Advantages and disadvantages
04:46 - Licence plates: white, yellow, parrot
05:20 - Accounting
08:25 - Closing remarks
Key takeaways:
📌 Car leasing is available for business owners.
📌 There are two types of leasing: financing and operational.
📌 Financing lease: pay monthly, buy at the end.
📌 Operational lease: lower fees, return the car.
📌 White plate: lease fee not deductible as expense.
📌 Parrot plate: one-third of lease fee’s VAT is deductible.
📌 Yellow plate: full cost and VAT is deductible.
▶️ Check out our previous episodes if you’re planning to buy a car:
https://www.youtube.com/watch?v=4bGD_iEW9co
https://www.youtube.com/watch?v=f148Q1z_TFU
https://www.youtube.com/watch?v=qyYvDeuWSAE
https://www.youtube.com/watch?v=9KKWnfhHmHs
https://www.youtube.com/watch?v=Gfky8wx3vhQ
🦉 Cool Accounts ApS
Get the most out of your business!
Leave the bookkeeping and tax matters to a specialist!
https://accounts.cool/en/
...more
10min
June 03, 2024 #36 Long transport, less taxes?
Rezső still doesn't have a car, so he misses out on part of his tax benefits. 💸
Luckily, nothing is lost, because he can use the transport deduction to reduce his taxes! 🚗 🚌 🚴‍♂️
In this episode, you will find out how to claim this benefit, which means of transport it covers and what conditions you need to meet. ✅
Join us and find out how you can save thousands of krones a year! 💰

🚀 Content:
00:00 - Intro
00:27 - Greetings
02:08 - What is the transport deduction?
02:27 - Conditions and how to claim the benefit
04:54 - Travel to work and means of transport
06:14 - Travelling from your holiday home and detours
09:19 - Deduction amounts and bridge tolls
10:32 - Using your own car for business
12:09 - Conclusion/Closure

Main takeaways for this episode:
📌 Transport deduction: you are eligible if you have to travel more than 24 km a day for work.
📌 Conditions for claiming: more than 12 km between work and home (24 km round trip).
📌 Means of transport: any means of transport (car, bike, on foot, etc.).
📌 Travel from your holiday home: the distance cannot be longer than the distance from your home.
📌 Discount amounts: in 2024, 24-120 km 2.23 kr/km, over 120 km 1.12 kr/km.
📌 Only one type of deduction per route.

🌐 Links to the episode:
https://www.youtube.com/watch?v=4bGD_iEW9co
https://www.youtube.com/watch?v=f148Q1z_TFU
https://www.youtube.com/watch?v=qyYvDeuWSAE
https://www.youtube.com/watch?v=9KKWnfhHmHs

🦉 Cool Accounts ApS
Get the most out of your business!
Leave the bookkeeping and tax matters to a specialist!
https://accounts.cool/en/
...more
14min
May 27, 2024 #35 Is it worth to have a parrot-plate car?
Rezső's car adventures continue! 🚗 📸
In our new episode, we explore the pros and cons of the parrot-plate, and help Rezső make his decision. Will the parrot-licence-plate be the winner? 🦜
Join us for a humour-filled discussion and find out why this might be the best choice when buying a car! 🚚
🚀 Topics:
00:00 Intro
00:27 Greetings
01:30 Introduction of the parrot-plate
02:35 Advantages in more detail
06:09 Disadvantages and other factors
06:59 Main advantage: Lower registration fee
07:40 Can it have rear seats?
07:55 Closing remarks
🚚 Main takeaways for this episode:
1. Flexible Use: The parrot license plate car can be used for both business and personal purposes.
2. VAT Deduction: Operating costs VAT can be deducted.
3. Extra Costs: A private use tax must be paid, and a logbook must be kept.
4. Registration Fee: Lower registration fee compared to cars with white license plates.
5. Rear Seats: Parrot license plate cars cannot have rear seats.
🌐 Links to the episode:
https://motorst.dk/erhverv/gule-plader-og-papegoejeplader
🦉 Cool Accounts ApS
Get the most out of your business.
Leave the bookkeeping and tax matters to a specialist.
https://accounts.cool/en/
...more
10min
May 13, 2024 #34 What do I need to know about company cars?
Rezsö is receiving more and more orders, so he really needs that car for his photography business. 📸

However, he still hasn't been able to decide what license plate the new car should have: white, yellow, or parrot? 🤍💛🦜
In this podcast episode, we are discussing yellow-license-plate cars, hoping to help Rezsö - and you too, dear business owner, if you're about to buy a car.

🚀 Topics:
00:00 intro
00:28 welcome
00:58 Rezsö`s problem
01:19 yellow-license-plate cars
01:53 private use
02:33 other requirements for these cars
02:53 going to work
03:43 special vehicles
04:48 keeping a kilometre log
07:22 no private cargo or passengers
07:58 converting to parrot plates
08:48 question from a listener
09:51 transfering money from the business account
10:32 podcast is off on Whit Monday

🚚 Main takeaways for this episode:
1. Company cars are cost effective.
2. Private use is limited to 20 days a year.
3. Rules for specialized vehicles are a bit more lenient.

🌐 Links to the episode:
https://dinero.dk/tips/regler-gulpladebil/

🦉 Cool Accounts ApS
Get the most out of your business.
Leave the bookkeeping and tax matters to a specialist.
https://accounts.cool/en/
...more
12min

FAQs about Business Lessons in Denmark:

How many episodes does Business Lessons in Denmark have?

The podcast currently has 54 episodes available.