Sole proprietorship- Self-employed
Taxation is a difficult matter for many entrepreneurs and individuals, while there are so many opportunities for the entrepreneur and the sole proprietorship or self-employed person. It goes without saying that you do not file an incorrect tax return, apply prohibited tax constructions or keep a sloppy administration. When you delve into tax matters, or receive expert tax advice on tax regulations and laws, there are important benefits to be gained and you are protected against sanctions, fines, legal proceedings and the like.
Our reliable expert tax specialists, who all have years of experience, see every opportunity. We turn these opportunities into benefits for our customers and protect them. Often this has immediate results, so that the financial position improves. All our tax specialists have years of experience and the mr. title.
Sole proprietorship or Self-employed without staff.
With the sole proprietorship form, you are the sole owner of the company. This can be as a self-employed person who practices a profession (notary, painter, etc.) or if you are the sole owner of the company. An entrepreneur who has a sole proprietorship can therefore also employ ordinary staff. The Sole Proprietorship is not a legal entity (as with a BV or NV. That is why with a sole proprietorship you are personally liable for any debts.
The advantage of a sole proprietorship
Setting up a sole proprietorship or self-employed is simple. For example, no notarial act is required as is the case with a BV. There are also various tax advantages, which BV does not have. Think of a self-employed deduction and a starter's deduction.
A disadvantage of a sole proprietorship is that you are not only financially liable for any debts from the company. If there is a bankruptcy or debts, this has financial consequences for you privately.
Sole proprietorship and taxes.
If you are the owner of a sole proprietorship, you mainly have to deal with 2 types of tax. VAT and income tax. The first applies to your company and the second to you as a private person. In income tax, the profit of your company is seen as income, on which tax must be paid. In the Netherlands, the government wants to stimulate entrepreneurship. They do this by giving tax benefits so that you as an entrepreneur have to pay less tax.
The start-up deduction and self-employed deduction
Sole proprietorships or self-employed persons are usually entitled to a self-employed deduction. In order to be able to make use of a self-employed deduction, the hours requirement must be met. This means that you have to spend at least 1225 hours per year on the company. You must be able to demonstrate this. In 2023, the self-employed deduction will be €5030.00.
In the first five years of the company, starting entrepreneurs may make use of a start-up deduction a maximum of three times. In fact, this is a higher starter deduction than the standard starter deduction. With the start-up deduction you can increase the self-employed deduction by € 2123.00.
Sole proprietorship or Self-employed without staff.
With the company form "sole proprietorship", you are the sole owner of the company. This can be as a self-employed person who practices a profession (e.g. notary, painter, etc.). An entrepreneur who has a sole proprietorship can therefore also employ staff. The sole proprietorship is not a legal entity (such as a v.o.f. or a B.V. ). Therefore, you are personally liable for any debts with this legal form.
Choosing the right legal form
Choosing the right legal form is a difficult matter for many entrepreneurs and private individuals. Partly due to our expert tax specialists, who all have years of experience (all tax specialists min. 25 years of experience and mr. title), we see all the possibilities. We turn these opportunities into benefits for our customers and protect them. Choosing the right legal form is an easy task for us.
Questions from entrepreneurs about sole proprietorships - ZZP
The following questions that we regularly receive from entrepreneurs who own a sole proprietorship:
- How much is the income tax on a sole proprietorship?
- What is the tax burden for a sole proprietorship?
- Which costs can be regarded as operating expenses?
- How do I value the assets and debts on the balance sheet?
- Can I depreciate on assets?
- Do I receive tax concessions if I invest in company assets?
- Am I entitled to a salary with my sole proprietorship?
- Can my wife and/or children be on the sole proprietorship payroll?
- What is most advantageous for me; Driving in a company car or in private?
Many other tax questions and issues are asked to our tax specialists than the above regarding the sole proprietorship. You can also submit all these questions to us. We provide clarity and solve your tax issue or question.
Why a tax specialist from AGA Fiscalisten at a sole proprietorship - self-employed?
AGA Fiscalisten stands for high-quality expert tax advice. All our tax specialists are senior tax specialists, have years of tax experience, and have graduated from the university in tax law and hold the title "mr.".
A (senior) tax specialist specializes in tax law while a tax advisor has only completed tax courses. A tax advisor has much less knowledge than a tax specialist and often makes mistakes with potentially significant financial consequences. It is wise not to settle for a non-qualified tax advisor, but to engage an expert senior tax specialist. This way you avoid problems, fines or procedures and you do not miss out on tax benefits due to advice that is not sufficiently expert.
High quality tax specialist; Master title mr. and years of experience
All our tax specialists have years of tax experience and the "mr." title. The most recent developments and changes concern taxation and all relevant legislation is studied and discussed by our tax specialists. This gives us the opportunity to clarify all the problems and issues about taxation. We achieve the best possible result for our customers. Tax advice, tax returns, financial advice, legal advice or discussion partner, AGA Fiscalisten will arrange it for you!
Contact AGA Fiscalisten
The tax specialists of AGA Fiscalisten can do a lot for you, from an answer or advice to your tax questions to guidance throughout the entire process. If you have any questions or issues and would like high-quality tax advice, please contact one of our expert experienced tax specialists for an intake interview free of charge and without obligation.
NEED TAX ADVICE? Call: 040-8489888 1st free and non-binding intake interview. Available by phone: Monday to Friday between 09.00h and 20.00h) We can also be reached by e-mail: info@agafiscalisten.nl or via the contact form on the right side of our website.
MORE INFORMATION
At the top of this website in the menu bar, you will find more information about tax advice. To do this, click on the menu bar at the top of the website.
AGA Fiscalisten: Sole proprietorship and our other services
AGA Fiscalisten has the expertise and experience to fully clarify complex tax issues. AGA Fiscalisten provides the most balanced solution and is at your service regarding:
- Financial advice;
- Tax advice;
- Wealth accumulation;
- Liability;
- Income security;
- The total insurance package;
- Pension accrual;
- Legal advice (tax lawyers, employment lawyers, corporate lawyers)
- Taxes: VAT/sales tax, corporate income tax, payroll taxes and other taxes;
- Prepare tax returns and review tax assessments and orders;
- Tax law: legal proceedings, legal documents, due diligence assistance, etc.;
- Tax profit calculation, assets, lease car, real estate;
- Legal forms: B.V., VOF, partnership, N.V. limited partnership, association, foundation, holding structure etc;
- Tax inheritance law, death, divorce, advice regarding retirement provisions; and
- And so much more...
