A loyal partner to your ride to success

Tax Advice

Fiscal advice ensures compliance with tax laws and relieves the burden of understanding complex regulations. Our professionals at Practical monitor tax implications, providing ongoing support, so you can focus on what truly matters in your business.

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

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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

Entrepreneurial advice helps you as an entrepreneur do smart business. We ensure that you are provided with information that you can immediately apply within your company. This is how we make your company a little better every day.

Fully transparent in our financial advice

Proactive business financial advice helps you make decisions. As an entrepreneur, it's valuable to have someone who can advise you. At Practical, we elevate your company with a bookkeeping service that includes financial advice and guidance.

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.

Trust us with payroll administration to get further, together

Alongside our bookkeeping services, the dedicated team at Practical also provides comprehensive payroll administration. Our skilled professionals are proficient in managing administrative tasks and streamlining your business processes, effectively freeing up your valuable time to concentrate on essential matters that require your undivided attention.
Curious about what we can do for you?
Contact one of our team members and have all your questions answered.
Financial Controller
Eva de Jong