VAT return
A VAT return is essentially a type of tax report that businesses need to complete and send to the tax authorities. It revolves around the Value Added Tax (VAT) that you charge your customers and the VAT you’ve paid on goods and services purchased for your business.
Businesses calculate the VAT they have collected from their customers and deduct the VAT they have paid to suppliers. The difference between these amounts is reported in the VAT return. If the amount received is higher than what was paid, the business must pay the difference to the tax authorities. Conversely, if a business has paid more VAT than it has collected, it is entitled to a refund from the tax authorities.
Private use of a company car
If you use a car that belongs to your business for both business and private purposes, you need to deduct an amount from your business car expenses for private use. This can apply to a car purchased specifically for your business, a leased or rented car, or even a car that transfers from private ownership to your business.
Moving and Double Housing
Moving your business can be an exciting and strategic move, but it also comes with costs. Fortunately, you can utilize certain business deductions related to moving to save money and ease the financial process of your relocation. In this blog, we will discuss the key aspects of business deductions for moving and how you can maximize these to optimize your business finances.
Which Business Expenses Can I Deduct?
Het benutten van zakelijke aftrekposten is een essentieel onderdeel van uw financiële strategie als ondernemer. Door zorgvuldig bij te houden welke kosten aftrekbaar zijn en op de hoogte te blijven van de geldende belastingwetten en -regels in uw rechtsgebied, kunt u aanzienlijk geld besparen en uw bedrijf financieel gezond houden. Het is echter belangrijk om te onthouden dat belastingwetten variëren per land en zelfs per jaar, dus raadpleeg altijd een belastingadviseur of professional om ervoor te zorgen dat u geen belastingvoordelen misloopt en dat u volledig voldoet aan de wet. Een goede financiële planning kan uw bedrijf helpen groeien en floreren, terwijl het uw belastingaanslag minimaliseert.