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Self-employed Bookkeeping ZZP
The bookkeeping of a Self-Employed Without Personnel (ZZP) is often limited in size, computer processing of the bookkeeping of a self-employed professional is quickly relatively time-consuming and unnecessary. Manual can be quite efficient. And with the good cooperation between client and bookkeeping office, the client can do a lot him- or herself.
The Income tax return for the last closed year can in most cases be filed in April, without delay. A good time to also submit the VAT return for the 1st quarter of the current financial year. During that period there is regular contact between the client and member of the bookkeeping office. Most self-employed professionals then choose to submit the VAT return for the 2nd and 3rd quarter themselves. You too can learn how to do it if you don't already know. For example, how to deal with online purchases where the VAT has been transferred to you. In the month of January, the VAT return for the 4th quarter must be submitted. The moment to have the entire administration of the financial year with the VAT returns from previous periods assessed by the bookkeeping office.
Taking care of a ZZP bookkeeping for an independent profession, including a simple income tax return, rarely costs more than 500 Euro per year. In the case of an enterprise, the costs strongly depend on the nature and size of the enterprise, and the division of tasks between the client and the bookkeeping office.
Tip: Bogus self-employment
Self-employed Without Personnel (ZZP) is not a formal concept within tax law, and yet is a much used earmark. An independent entrepreneur has a business or an independent profession. If there is no business or self-employed activity in your situation, there is the risk of bogus self-employment. This has little or no consequences for the VAT. Bogus self-employment constitutes a risk for the contractor and the sub-contractor. The risk for the sub-contractor, or rather the employee for which the employer (pseudo contractor) does not pay tax and social security contributions, remains very limited as long as no entrepreneurial income tax facilities are claimed. In case of bogus self-employment, the contractor runs the risk of losing the MKB (SME) exemption and self-employed person's allowance after verification by the Tax Authorities, if a claim was made on these facilities on a declaration.
Tip: Small Entrepreneurs Scheme VAT
Entrepreneurs with a turnover of less than 20,000 Euro can opt for the Small Entrepreneurs Scheme. In short, the VAT declaration obligation will then lapse. The customer may not be issued an invoice stating VAT. And the right to deduct VAT expires. The Small Business Scheme of the Turnover Tax Act would provide administrative relief. Which is almost never the case. After all, the administrative obligations of the Income Tax Act will continue to exist. In the course of trade, the position of the entrepreneur deteriorates if they let the other know 'you are big, and I am small'. In a limited number of cases, the Small Business Scheme improves the competitive position. Only in cases where the customers of the company cannot deduct the VAT. For those customers, think of consumers and non-VAT entrepreneurs.
The bookkeeping of a company will be processed with accounting software. It may be that the entrepreneur outsources the entire processing, or that a bookkeeper (the entrepreneur himself) is present within the company. Computer accounting must be carefully organized. Implementing regulations within tax law require a specific structure, and depending on the industry, an economic model is also the tax standard. The entrepreneur with personnel must be able to perform certain checks quickly and easily. Scholtz Administraties knows what is needed and provides affordable bookkeeping solutions that suit the company and the entrepreneur.
Tip: Data Retention Obligation
Entrepreneurs are familiar with the obligation to retain data, and many convert that obligation into a right of disposal after 7 years. As if it is advisable to throw away the entire bookkeeping as soon as the obligation to keep lapses. Of course you don't keep every gasoline receipt for eternity, but think carefully before you don't keep something. Someone else will not do it for you, that is the starting point. It is advisable to preserve computer accounting for eternity.
There are therefore disadvantages to online computer accounting. And the biggest drawback has everything to do with keeping important files.
Payroll administration often wrongly receives a different attention than financial administration. Most entrepreneurs still have an eye for CLA obligations, in addition to the legal obligations. The payroll administration primarily serves the fulfillment of payroll tax and social security obligations, and is seen as a pure burden for the company. While a decision by a payroll administrator can have major consequences for a staff member. A relatively small bonus in the gross salary has consequences for the employee's entitlement to Allowances. While the same bonus paid out via the Work-related Costs Scheme has no effect on the entitlement to Allowances. It's just an example. The fact is, an entrepreneur can do himself and employees a favor with a certain amount of attention to payroll administration. Turning a burden into a pleasure.