How to Understand Your Financial Report Using Financial KPIs
Financial reports are comprehensive documents that provide a detailed overview of a company’s financial position, performance, and cash flows over a specific period, typically a fiscal year or quarter. Financial KPIs in Denmark are essential...
Incorporation
Tax
VAT
Employees and payrolls
Closure
GDPR
Cash report
Accounting
Audit
Transfer Pricing
Controlled Transactions
Reassumption
Forced dissolution
Holding company
Dividend
Accounting software
Corporate tax
Home office
Budget
Sales invoice
General Meeting
Bankruptcy
Shareholder loan
Description of Accounting Procedure
Tax for Sole Proprietors
ESG
How to Understand Your Financial Report Using Financial KPIs
Financial reports are comprehensive documents that provide a detailed overview of a company’s financial position, performance, and cash flows over a specific period, typically a fiscal year or quarter. Financial KPIs in Denmark are essential...
Which companies should submit ESG reports in Denmark?
With the growing importance of corporate sustainability and transparency, understanding the mandatory ESG reporting requirements in Denmark is important for businesses to ensure compliance and capitalise on the opportunities presented by comprehensive ESG disclosure.
Tax Credit Scheme for Research & Development costs in Denmark in 2025
The Tax Credit Scheme in Denmark is a government initiative designed to improve the cash flow of companies that invest in R&D activities. Under this scheme, companies can receive an advance payment of the tax...
Implications of Companies Filing Late Annual Reports in Denmark
In this blog, we will look at the potential implications and consequences that limited liability companies in Denmark (ApS and A/S) may face for submitting their annual reports late. Understanding the risks associated with late...
Time Registration for Employees
Denmark’s Time Registration Law is mandatory for employers in Denmark to enable employees to register their working hours. One of the biggest impacts on employers is the legal requirement to implement an “objective, reliable and...
What happens if you are considered an employee and not a freelancer or sole proprietor?
In this blog, we discuss what can happen if you are considered an employee and not a freelancer or sole proprietor in Denmark. Proper classification of income is important for complying with Danish labour laws,...
Should you use the Danish Financial Statements Act, GAAP or IFRS in Denmark?
In Denmark, whether a company uses the Danish Financial Statements Act, GAAP (Generally Accepted Accounting Principles) or IFRS (International Financial Reporting Standards) for its annual reports depends on the size of the company and whether...
Why is it important to apply interest on intercompany loans and shareholder loans in Denmark?
In this blog, we examine why it is important to apply interest on intercompany loans and shareholder loans in Denmark in 2025. For loans between related parties, if the interest rate set does not correspond...
Avoid problems when applying for VAT registration in Denmark
In this blog, we describe how to avoid problems when applying for VAT registration for a new ApS. One of the more significant changes we have seen this year is increased due diligence by the...
Which insurances are mandatory for your business in Denmark?
In this blog, you can learn which insurances are mandatory for your business in Denmark in 2025 and which insurance that are voluntary. Together with your insurer, it is recommended to look at the needs...
Requirement to use digital cash registers
There are currently special rules on what a sales receipt from your cash register must contain when you sell to private customers from your business. Some businesses in certain industries are also required to use...
Controlled Foreign Company (CFC) rules in Denmark for 2025
Controlled Foreign Companies (CFC's) have become tightly regulated in Denmark as more corporations look to minimise their tax liability by offshoring their subsidiaries to lower-tax countries. As corporations increasingly do business across multiple continents, the...
How to choose the best accounting software for your business
Accounting software has become a core function in the modern business world, and it’s easy to understand why. Both large and small businesses in Denmark use online accounting software to simplify or automate most key...
Transfer Pricing rules in Denmark for 2025
Transfer Pricing rules in Denmark have changed many times over the last couple of years. It is now mandatory for larger companies in Denmark to submit Transfer Pricing documentation each year. It was required to...
Controlled transactions in Denmark in 2024 – What is your obligation as a majority shareholder?
Majority shareholders, who are physical persons and limited or fully tax residents in Denmark, must submit a special declaration each year to the Danish Tax Agency relating to controlled transactions between themselves and their controlled...
How to reassume a company faced with a compulsory dissolution
When a limited liability company (in Denmark, most often ApS or A/S) fails to submit the annual report on time, the Danish Business Authority will request the Danish Maritime and Commercial High Court to dissolve...
Cash flow budget for 2025 – and why having one matters for your business
A budget isn’t just an expense-cutting tool; it can help you grow your business by providing you with the structure you need to make smart financial decisions. By creating a cash flow budget, you can...
How can a non-resident company pay a salary to an employee in Denmark in 2024?
Sometimes a non-resident company wants to hire just a single employee in Denmark. Due to the very low scale of activities, it is sometimes not feasible to incorporate a new resident company or to create...
How do you distribute an extraordinary dividend in an ApS in 2024?
A dividend is part of the profit paid out to a company's shareholders. Capital companies like ApS and A/S can distribute dividends after the first fiscal year ends and the annual report is approved at...
What is a holding company?
A holding company is a limited liability company that primarily owns shares in other companies. The companies that a holding company owns are called operating companies. A holding company in Denmark can be structured as...
What shall a sales invoice in Denmark contain?
When you sell a product or service to a client, you always need to issue a normal invoice, a simplified invoice or a receipt as a Danish business. In this blog, we describe what the...
Moms One Stop Shop rules in Denmark – “MOSS”
If you sell products or certain services to consumers in the EU where VAT is settled in the buyer's country of residence you can declare and pay the VAT in a system called “Moms One...
The business tax scheme in Denmark for 2025
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 corporate...
How do you prepare minutes from your Annual General Meeting in 2024?
If you are the director and or shareholder of a Danish limited liability company - either an ApS or A/S - then you will need to approve the annual report for the company once per...
How to open a company bank account in Denmark in 2024?
In this blog, we will explain how you can open a company bank account in Denmark for your company. It is getting very hard for companies to get a company bank account in Denmark, but...
How to convert your sole proprietorship to ApS in 2024
Learn how to convert your sole proprietorship to ApS in 2024. There can be many reasons why you would want to convert your sole proprietorship to ApS. Very often, it relates to limited liability or...
What is the difference between freelancer, self-employed and employee?
What is the risk for you and your client if it turns out you are an employee and not a freelancer or self-employed (sole proprietor)? Well, first of all, your client could face both a...
Can a consultant invoice through an ApS?
Just because you issue an invoice through an ApS for your consulting services does not necessarily make it a company income. In some circumstances, you might have just put yourself at risk of double or...
How to scan your invoices to e-conomic using the e-conomic app
We have made a guide for you here that shows how to scan your invoices to e-conomic using the e-conomic app. It is very helpful for us when you scan your invoices since we can...
Why shareholder loans in Denmark are a really bad idea
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...
How do you comply with the GDPR rules of Denmark?
GDPR is a European Union law that requires businesses operating in the EU to justify how certain data is collected and used. Failure to comply with GDPR can profoundly affect a business, including very large...
4 important steps to follow after your new ApS is incorporated
After your new ApS is incorporated there are 4 important steps to follow. If we incorporated the ApS for you we can assist you get these 4 steps done correctly.
What is the bankruptcy procedure for an ApS in Denmark in 2025?
Almost every person that has ever tried to start their own company, knows the fear of running out of money. When you have a company, the technical term for that, is to go "bankrupt" -...
How to close an ApS in 2025
There are 5 important types of closures and proceedings to know: 1: Voluntary liquidation (decided by the shareholders) 2: Compulsory dissolution (ordered by the court) 3: Restructuring 4: Bankruptcy (petition filed by the company or...
Price for incorporating an ApS in Denmark
Our fee for assisting you with incorporating a new ApS is 3.000 DKK + VAT. During the process of incorporation, we also need a lawyer to confirm your deposit of the share capital into a...
Corporate income tax, dividend tax and dividends for ApS and A/S in Denmark in 2024
Limited liability companies in Denmark (ApS or A/S) pay corporate income tax on their taxable profits. Denmark's corporate income tax rate is 22% for most limited liability companies in 2024. After corporate income tax is...
How to depreciate tangible and intangible assets in Denmark?
There are two different kinds of depreciation: one relates to accounting rules and the other to tax rules. The accounting rules we follow when we make a financial report. The tax rules we follow when...
What Accounting and Payroll services do we offer large Enterprises?
Our Enterprise clients include both privately held firms and publicly listed entities on NASDAQ and First North. With experience serving over 2.000 clients over 25 years, our team is skilled in addressing a wide variety...
How to deduct car costs from tax when using a private car for work and business
We look at two types of car costs when considering tax in Denmark: Driving to and from work in a private car and driving on behalf of a business in a private car. The car...
What can you deduct in VAT when driving a van for your company?
A van used for transporting goods or tools for your company is eligible for VAT deductions when the company is registered for VAT, but the rules are different depending on the maximum payload of the...
How to deduct your home office from your taxable income in Denmark in 2025
By calculating the cost of using your home office for your business and then deducting this cost from the profit of your business you can lower the profit of your business thus lowering your tax....
How to make a cash report when receiving cash payments
Do you receive cash payments in your business? Learn how to make a cash report in Denmark with this detailed guide including video instructions.
How to pay VAT or get a VAT refund in 2024
This blog will cover how to pay VAT or get a VAT refund in 2024. VAT means "Value Added Tax". The VAT rate in Denmark is 25%. It is a form of sales tax that...
How often and how should you submit invoices to your accountant?
There are a few different ways to submit your invoices for booking. We always recommend scanning your invoices and submitting them directly to your accounting system, either by using an app, uploading from your desktop...
What is required to make payslips for your employees?
In this blog, we discuss what is required to make payslips for your employees when we do the payroll for your company. Before we can prepare the payroll and make payslips for your employees, your...
What information do we need to incorporate an ApS in Denmark?
In this blog, we describe what information we need to incorporate an ApS in Denmark. An "ApS" is a Danish limited liability company structure and this is the most common type of limited liability company...
How to pay taxes for employees in Denmark in 2025?
As an employer in Denmark, you must withhold tax from the payroll on behalf of your employees. The amount of tax to withhold from the payroll is calculated by the Danish Tax Agency in advance...
Audit requirements in Denmark for annual reports in 2025
Audits of annual reports are not mandatory for most companies in Denmark in 2025. In general, larger limited liability companies need to be audited, and smaller companies do not need to be audited. The difference...
How to start a sole proprietorship in Denmark in 2025?
This 2025 guide explains how to start and register a sole proprietorship in Denmark - also sometimes called a "one-man company" or a "sole trader".
What Accounting and Payroll Services do we offer Small and Medium-sized Enterprises?
Our clients also include a wide range of Small and Medium-sized Enterprises (SMEs), from startups to established companies across various industries. We specialise in helping clients get their Accounting, Payroll Management, Annual Reports and Tax...
How to incorporate a new ApS in Denmark in 2025?
The ApS is a specific type of limited liability company in Denmark. As the owner of an ApS, you are not personally liable for the debts and obligations of the company. Here you can read...
How do you pay tax in Denmark as a sole proprietor in 2025?
As a sole proprietor, you make partial payments during the year in ten equal instalments. The ten partial payments during 2025 are estimated and not based on your actual profit. We call this a "self-assessment"...
What company structure should you choose in Denmark in 2025?
The 4 most common company structures in Denmark are: Sole Proprietorship, Limited Liability Company, Branch Office and Registration as a Foreign Company. When you decide between the company structures, you must consider your level of...