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Are you looking for a full-service administration office that takes care of the entire bookkeeping? You can outsource your administration or accounting to our specialists at Practical, who are happy to take the administration off your hands and ensure that it is accurately processed, checked and adjusted where necessary.

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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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Prefer instead to calculate your monthly amount right away?

In order to send a suitable proposal, we ask a number of questions to gain insight into the company. We will then send you a suitable and non-binding proposal within a few days. If the proposal is suitable, we can immediately provide you with insight into your accounting.

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.

Related to entrepreneurial advice

Is your company growing or do you want to organize processes more efficiently? That’s no problem, Practical simply grows with you. You can also contact Practical for annual audits, financial audits and financial controlling.

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Have a legal document drawn up by Practical

We work together with our customers and know better than anyone which issues can arise. To avoid having to pay high hourly rates to lawyers, we have bundled the most important contracts and there is always a contract available for the desired situation.

Frequently Asked Questions about getting legal documents drafted

How much does it cost to have a legal document or contract drawn up?

This depends on the type of contract required. We apply a discount on these types of documents for existing customers within our office. Alternatively, we will ask for a down payment and send you a draft document or contract. After the invoice has been paid, this will be sent in final form.

How is the validity of my legal document guaranteed?

All contracts and documents are reviewed by lawyers at reputable law firms. Due to our experience, we can quickly answer many of your questions regarding them and create a contract that meets your needs. If it becomes complex, we can always escalate your question to one of our lawyers.

When will I receive my document or contract?

During our online (or telephone) appointment, we will ask you a series of questions in order to draft the legal document or contract. Once the questions have been answered, we will finalize the contract or document and send it to you immediately via email.

Together for a transparent alliance

Effective business financial advice plays a pivotal role in facilitating informed decision-making. As an entrepreneur, having access to a knowledgeable advisor is incredibly valuable. At Practical, we strive to elevate your company’s performance by offering a comprehensive bookkeeping service that encompasses not only meticulous financial management but also expert advice and guidance.

Want to stay ahead?
We’re ready to help

Contact one of our team members and have all your questions answered.

Financial Planner

Daan de Jong