Controlled Foreign Company (CFC) rules in Denmark for 2023
Controlled Foreign Companies (or CFSs) 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,...
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
Description of Accounting Procedure
Tax for Sole Proprietors
How to choose the best accounting software for your business in Denmark in 2023
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...
Cash flow budget for 2023 – 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...
Repayment of VAT loans: How to create a repayment plan for up to 24 months without asking the tax office
In this blog, we show you how to create a repayment plan for up to 24 months that covers all your existing (Covid-19) VAT loans which are due in April 2022. The repayment plan can...
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...
The business tax scheme in Denmark for 2023
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...
How to open a company bank account in Denmark in 2023?
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 2023
Learn how to convert your sole proprietorship to ApS in 2023. 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 LTD (ApS)? – and why it can get VERY expensive in tax if you get it wrong!
In general, you can say, that just because you issue an invoice through an LTD for your consulting services, that does not necessarily make it a company income. In some circumstances, you might have just...
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...
How to deduct your transportation costs from home to work in your taxable income
To determine whether or not you can deduct transportation costs from your home to your work in your taxable income (this type of deduction is called "befordringsfradrag" in danish), then you need to calculate the...
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 2023
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 start a sole proprietorship in Denmark in 2023?
This 2023 guide explains how to start and register a sole proprietorship in Denmark - also sometimes called a "one-man company" or a "sole trader".
What do we offer small business owners?
Headquartered in Copenhagen, Denmark, we specialize in helping customers get their accounting, payroll, annual report and tax returns done accurately and on time, at a fair price, while still being compliant.
How do you pay tax in Denmark as a sole proprietor in 2023?
As a sole proprietor, you make partial payments during the year in ten equal instalments. The ten partial payments during 2023 are estimated and not based on your actual profit. We call this a "self-assessment"...