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...
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...
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...
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 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...
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...
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 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"...