A loyal partner to your ride to success
What is tax advice?
Fiscal advice, provided by a tax advisor, assists your business with all aspects of tax laws and regulations. It is also known as tax advice, providing you with necessary information on tax matters. As laws and rules change regularly, it’s crucial for entrepreneurs to adapt proactively to avoid financial difficulties.
By choosing Practical, we fully take care of your tax affairs and handle VAT filings, relieving you from the hassle. We understand that as a business owner, you face important choices. That’s why, in addition to handling your administration, we are here to offer fiscal advice and help you make informed decisions.
Tax benefits for entrepreneurs
As a business owner, you not only have tax obligations but also benefit from tax advantages. The tax deductions vary for each type of business entity. For sole proprietorships, there are deductions such as the self-employment deduction and start-up deduction. If you own a limited liability company (bv), you can benefit from savings advantages or finance your own home, for example. Our professionals at our offices in Amsterdam, Rotterdam, and Eindhoven know exactly what applies to you as an entrepreneur and are happy to provide personalized advice. So you can take advantage of tax benefits.
Tax obligations for entrepreneurs
As an entrepreneur, you are required to file tax returns with the Tax Authority. If your business is a sole proprietorship or a general partnership, you will be subject to personal income tax on the taxable income. If you own a limited liability company (bv) or a public limited company (nv), you will pay corporate income tax on the business's profits. Additionally, there is dividend tax, which applies when you distribute profits to shareholders in the form of dividends. Every entrepreneur who sells goods or services is also liable for value-added tax (VAT). VAT must be reported to the Tax Authority through VAT returns. If you have employees, you will also have to deal with wage tax and social security contributions. At Practical, we provide fiscal advice and take care of the entire tax filing process. We monitor everything, so you no longer have to worry about your tax obligations
In addition to financial advice
In our comprehensive suite of services, we go beyond financial advice to provide you with a holistic approach to your financial well-being. Alongside expert financial guidance, we offer additional pillars of support:
Extremely precise in our business advice
Fully transparent in our financial advice
Tax advice is included in your administration
When you choose to outsource your administration to Practical, tax advice is included in our service. With tax advice, you as an entrepreneur no longer have to worry about your tax obligations and they ensure that you benefit optimally from the tax benefits.
Frequently Asked Questions about tax advice
What does tax advice cost?
The costs of tax advice are included in our services. We take care of the entire bookkeeping from 125 euros per month. Our specialists continuously monitor the administration, as well as tax laws and regulations. This allows them to proactively provide you with tax advice.
Can I contact Practical for tax advice?
Every medium to large company can come to us for tax advice. First of all, we thoroughly immerse ourselves in the company. Our specialists have extensive experience in various sectors, so that they always provide you with appropriate advice.
Why is tax advice useful?
A tax specialist or tax specialist helps you as an entrepreneur to make tax decisions. This will help you with matters such as deductions, tax laws and regulations, allowances and tax benefits. Our specialists keep a close eye on this and provide you with proactive advice.