how and why to start as a sole proprietor
Post on 13-Apr-2017
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Sole ProprietorshipWhy and How to Start One
cc: Openkimia - https://www.flickr.com/photos/12694820@N07
Senol Tapirdamazassistent accountant
cc: chrisinplymouth - https://www.flickr.com/photos/21450297@N06
Who I am and what I do:• Work: De Wert accountants &
belastingadviseurs• Starting companies and growers SMEs• Annual reports, fiscal declarations• HRM, DWO• Marketing& Sales• de Stropdassenman :)
the Edeity knot
Our Vision
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Important EventsLife is Full of
cc: Hammonton Photography - https://www.flickr.com/photos/25880282@N04
StartingLike
GrowingLike
EndingLike
Choices Affectthe future of your company
Rest Assured with De WertNo Matter What Phase
cc: jsgraphicdesign - https://www.flickr.com/photos/35955189@N00
Let's start
My Own Businesscc: Peter Ras - https://www.flickr.com/photos/48395185@N03
cc: Hjem - https://www.flickr.com/photos/48600099788@N01
• consultancy firm• advice or construction work• full or part-time entepreneur• shop• construction work
cc: chrisinplymouth - https://www.flickr.com/photos/21450297@N06
Infinite
possibilitiescc: zeevveez - https://www.flickr.com/photos/29001414@N00
Plant before Pluckingbut be sure to
cc: Clover_1 - https://www.flickr.com/photos/45635774@N00
Self-Employed Entrepeneurcc: Mark Sardella - https://www.flickr.com/photos/11125702@N00
Self-Employementcc: Leonard J - https://www.flickr.com/photos/67953162@N00
cc: The philosopherالفيلسوف - https://www.flickr.com/photos/87417295@N00
Independancecc: swong95765 - https://www.flickr.com/photos/29487672@N07
BUT
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Own Expenses
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YOU
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there areSorry
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• Paying taxes• VAT• Keeping records
cc: Steven Leith - https://www.flickr.com/photos/16680959@N07
Preparationis key
cc: Johan G - https://www.flickr.com/photos/58187590@N02
Before Chamber of Commerce
• Permit to start a business in the NL?
• Business Plan?• Legal Form & Trade Name?• Taxation / Insurance?• Location?
cc: Uitgebeeld.nl - https://www.flickr.com/photos/42126397@N00
From outside the EU?
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Legal Forms
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aka Sole Trader / Sole ProprietorOne Man Business
cc: wwward0 - https://www.flickr.com/photos/15802578@N00
Pro's!• Easiest business entity to start• Cheapest business entity to
start• Quickest business entity
cc: Leo Reynolds - https://www.flickr.com/photos/49968232@N00
the Con's• No protection or your personal assets
(or your partners)• Everything is attached to your
personal credit• Some may view it as less trust worthy
(even in 2016)• No social security
cc: Leo Reynolds - https://www.flickr.com/photos/49968232@N00
Setting UpA One Man Business
cc: Laurence Vagner - https://www.flickr.com/photos/86078191@N00
Keep in mind• More than 1 trade name• Liability is all on you
cc: Sebastiaan ter Burg - https://www.flickr.com/photos/31013861@N00
Keep in Mind• Taxes and Social Security• Continuation of your business
cc: Alan Cleaver - https://www.flickr.com/photos/11121568@N06
TTTSPcc: Thomas Hawk - https://www.flickr.com/photos/51035555243@N01
1.225h per yearFor several Tax Allowances
cc: W.D. Vanlue - https://www.flickr.com/photos/33869420@N00
Tax Allowances• Entrepeneurs Allowance• Starting Entrepeneurs
Allowance• MKB - Winstvrijstelling
cc: 401(K) 2013 - https://www.flickr.com/photos/68751915@N05
The Rules of Engagement
Tip 2
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Investment Allowances• Investment needed for the
business, with a life expectance > 1 year
• Investment > € 450 excl. VAT• e.g. Computer, Tools, Machines• Invested > € 2300 = 28% deduction
cc: deepwarren - https://www.flickr.com/photos/20998477@N00
Sold an investment item?
Form a Reinvestment Reservecc: leekelleher - https://www.flickr.com/photos/52221730@N00
Tip 3Depreciation
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• Investments can be depreciated in 5 years (20% per year)
• Starter? Random depreciation
cc: Tilemahos Efthimiadis - https://www.flickr.com/photos/64379474@N00
Tip 4Automobile
cc: Ciccio Pizzettaro - https://www.flickr.com/photos/70038540@N00
Private or Business Car?
FAQcc: Damian Morys Photography - https://www.flickr.com/photos/26977717@N02
• Business car: aggregation on your income UNLESS < 500km private
• Business car: all costs are business costs, vat is deductable
• Private car: no costs are business costs, no tax deductable
• Private car: 19 cent per kilometercc: cavale - https://www.flickr.com/photos/48556423@N00
TIP 5Business costs made from Private
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Tip 6!cc: GotCredit - https://www.flickr.com/photos/30576334@N05
The VAR is now DBATip 7
cc: Stéfan - https://www.flickr.com/photos/49462908@N00
Yes more Taxes
Tip 8cc: ChuckHolton - https://www.flickr.com/photos/69351904@N00
Tip 9
cc: Dragan-Sute - https://www.flickr.com/photos/48346563@N04
cc: marcfonteijn - https://www.flickr.com/photos/24003845@N00
Best for last
cc: Leo Reynolds - https://www.flickr.com/photos/49968232@N00
You don't have todo everything yourself
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Do you have questions?Thank you
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