{"id":7225,"date":"2026-06-22T16:06:37","date_gmt":"2026-06-22T14:06:37","guid":{"rendered":"https:\/\/www.profinancials.nl\/?post_type=blogs&#038;p=7225"},"modified":"2026-06-22T16:06:37","modified_gmt":"2026-06-22T14:06:37","slug":"sme-tax-return-guide","status":"publish","type":"blogs","link":"https:\/\/www.profinancials.nl\/en\/blogs\/sme-tax-return-guide\/","title":{"rendered":"SME tax return guide"},"author":5,"featured_media":7224,"parent":0,"menu_order":0,"template":"","meta":{"blog_intro":"&nbsp;\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 11.25pt\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">You want to handle your tax return as an SME entrepreneur smartly and with confidence. In this practical guide you\u2019ll find exactly what you need: clear steps, deductions that often save money, VAT rules, deadlines and checks. No time to do everything yourself? Check out our <\/span><a style=\"text-decoration: none\" href=\"https:\/\/www.profinancials.nl\/belastingaangifte-eindhoven\/\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #0000ee;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: underline;vertical-align: baseline;white-space: pre-wrap\">Tax returns for entrepreneurs<\/span><\/a><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">. With Profinancials\u2019 all-in business administration package in the Eindhoven region we take care of your bookkeeping and returns from \u20ac95 per month, with fixed fees and personal advice.<\/span><\/p>","blog_key_takeaways":[],"blog_part_1":"<h2 dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 11.25pt\"><span style=\"font-size: 18pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: bold;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">What falls under SME tax filings?<\/span><\/h2>\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Which returns you file depend on your legal form and activities:<\/span><\/p>\r\n\r\n<ul style=\"margin-top: 0;margin-bottom: 0;padding-inline-start: 48px\">\r\n \t<li dir=\"ltr\" style=\"list-style-type: disc;font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre;margin-left: -6pt\">\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\" role=\"presentation\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Sole proprietorship\/partnership (vof) - income tax on business profits in box 1, plus any VAT return.<\/span><\/p>\r\n<\/li>\r\n \t<li dir=\"ltr\" style=\"list-style-type: disc;font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre;margin-left: -6pt\">\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\" role=\"presentation\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">BV\/NV - corporate income tax on profit, dividend tax on distributions, plus VAT returns.<\/span><\/p>\r\n<\/li>\r\n \t<li dir=\"ltr\" style=\"list-style-type: disc;font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre;margin-left: -6pt\">\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\" role=\"presentation\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Always assess: VAT liability, the Small Business Scheme (KOR), and payroll taxes if you have staff.<\/span><\/p>\r\n<\/li>\r\n<\/ul>\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 11.25pt\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">In addition, you may receive a provisional assessment to prepay during the year. Want to know more? See <\/span><a style=\"text-decoration: none\" href=\"https:\/\/www.profinancials.nl\/voorlopige-aanslag-2026-voorkom-verrassingen-voor-ondernemers\/\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #0000ee;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: underline;vertical-align: baseline;white-space: pre-wrap\">Provisional assessment 2026: avoid surprises<\/span><\/a><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">.<\/span><\/p>\r\n\r\n<h2 dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 12pt\"><span style=\"font-size: 18pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: bold;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Step-by-step plan: how to prepare your return<\/span><\/h2>\r\n<h3 dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 12pt\"><span style=\"font-size: 13.999999999999998pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: bold;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">1. Organize your records<\/span><\/h3>\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 12pt\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Ensure sales invoices, purchase invoices, bank transactions, till receipts, contracts and mileage or time sheets are complete and in order. Ideally use accounting software with a bank feed for an error-resistant base.<\/span><\/p>\r\n\r\n<h3 dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 12pt\"><span style=\"font-size: 13.999999999999998pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: bold;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">2. Determine your revenue and profit<\/span><\/h3>\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 12pt\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Prepare a profit and loss statement: revenue minus direct costs and operating expenses. Watch special items such as inventory changes, investments and private-use adjustments.<\/span><\/p>\r\n\r\n<h3 dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 12pt\"><span style=\"font-size: 13.999999999999998pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: bold;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">3. Check deductible expenses and investments<\/span><\/h3>\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 12pt\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Review all costs for business purpose. Note limited deductibility for representation and distinguish between expenses and capital investments you depreciate.<\/span><\/p>\r\n\r\n<h3 dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 12pt\"><span style=\"font-size: 13.999999999999998pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: bold;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">4. Record depreciation<\/span><\/h3>\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 12pt\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Investing in assets that last longer? Depreciate them over multiple years. Consider residual value and any investment allowances.<\/span><\/p>\r\n\r\n<h3 dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 12pt\"><span style=\"font-size: 13.999999999999998pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: bold;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">5. Apply deductions<\/span><\/h3>\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 12pt\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Check entitlement to entrepreneurs\u2019 deductions such as the self-employed deduction, start-up deduction and the SME profit exemption. Also look at KIA, MIA and EIA for investments.<\/span><\/p>\r\n\r\n<h3 dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 12pt\"><span style=\"font-size: 13.999999999999998pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: bold;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">6. Checks and reconciliation<\/span><\/h3>\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 12pt\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Recalculate VAT, revenue, receivables\/payables and bank balances. Reconcile your VAT returns with revenue in your year-end figures and check ICP filings for EU supplies.<\/span><\/p>\r\n\r\n<h3 dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 12pt\"><span style=\"font-size: 13.999999999999998pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: bold;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">7. File on time and arrange your payments<\/span><\/h3>\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 11.25pt\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">File income tax or corporate income tax and VAT returns on time and put payment deadlines in your calendar. Request deferral if needed and adjust your provisional assessment for major fluctuations.<\/span><\/p>\r\n\r\n<h2 dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 11.25pt\"><span style=\"font-size: 18pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: bold;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Income tax for entrepreneurs (sole proprietorship and partnership)<\/span><\/h2>\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">If you are an entrepreneur for income tax purposes, you pay tax on your profit in box 1. The hours criterion often determines access to entrepreneurs\u2019 deductions. If you meet it, you can use, among others, the self-employed deduction and start-up deduction. The SME profit exemption then reduces your taxable profit by a fixed percentage after entrepreneurs\u2019 deductions and after private-use corrections.<\/span><\/p>\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Practical tips:<\/span><\/p>\r\n\r\n<ul style=\"margin-top: 0;margin-bottom: 0;padding-inline-start: 48px\">\r\n \t<li dir=\"ltr\" style=\"list-style-type: disc;font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre;margin-left: -6pt\">\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\" role=\"presentation\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Deduct business expenses fully or partially and document them.<\/span><\/p>\r\n<\/li>\r\n \t<li dir=\"ltr\" style=\"list-style-type: disc;font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre;margin-left: -6pt\">\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\" role=\"presentation\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Watch private use of car, phone and mixed-use assets.<\/span><\/p>\r\n<\/li>\r\n \t<li dir=\"ltr\" style=\"list-style-type: disc;font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre;margin-left: -6pt\">\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\" role=\"presentation\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Use a provisional assessment if needed to avoid surprises.<\/span><\/p>\r\n<\/li>\r\n<\/ul>\r\n<h2 dir=\"ltr\" style=\"line-height: 1.2;margin-top: 11.25pt;margin-bottom: 11.25pt\"><span style=\"font-size: 18pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: bold;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Corporate income tax for the BV<\/span><\/h2>\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">If you have a BV or NV, you pay corporate income tax on the company\u2019s profit. Dividends to yourself as a DGA are taxed with dividend tax and in box 2. Take into account the customary salary for DGAs and fiscal differences between commercial and tax profit.<\/span><\/p>\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Practical points to consider:<\/span><\/p>\r\n\r\n<ul style=\"margin-top: 0;margin-bottom: 0;padding-inline-start: 48px\">\r\n \t<li dir=\"ltr\" style=\"list-style-type: disc;font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre;margin-left: -6pt\">\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\" role=\"presentation\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Prepare annual accounts under the proper principles and file the CIT return on time.<\/span><\/p>\r\n<\/li>\r\n \t<li dir=\"ltr\" style=\"list-style-type: disc;font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre;margin-left: -6pt\">\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\" role=\"presentation\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Align the provisional assessment with expected profit to limit interest.<\/span><\/p>\r\n<\/li>\r\n \t<li dir=\"ltr\" style=\"list-style-type: disc;font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre;margin-left: -6pt\">\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\" role=\"presentation\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Mind the participation exemption, loss offset and investment schemes.<\/span><\/p>\r\n<\/li>\r\n<\/ul>\r\n<h2 dir=\"ltr\" style=\"line-height: 1.2;margin-top: 11.25pt;margin-bottom: 11.25pt\"><span style=\"font-size: 18pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: bold;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">VAT and sales tax: rules, deadlines and pitfalls<\/span><\/h2>\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">The VAT return is about correctly reporting VAT due on your sales and reclaiming input VAT on your purchases. If you use the KOR, you can get an exemption from VAT and administrative obligations under conditions, but you also do not charge VAT and cannot deduct input VAT.<\/span><\/p>\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Key situations:<\/span><\/p>\r\n\r\n<ul style=\"margin-top: 0;margin-bottom: 0;padding-inline-start: 48px\">\r\n \t<li dir=\"ltr\" style=\"list-style-type: disc;font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre;margin-left: -6pt\">\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\" role=\"presentation\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Reverse-charge mechanism - for certain services or international transactions you do not remit VAT but shift it to the customer. State this clearly on your invoice.<\/span><\/p>\r\n<\/li>\r\n \t<li dir=\"ltr\" style=\"list-style-type: disc;font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre;margin-left: -6pt\">\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\" role=\"presentation\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Intra-Community supplies and services - supplies within the EU are often 0 percent with an ICP filing. Submit the EC sales list (ICP) on time.<\/span><\/p>\r\n<\/li>\r\n \t<li dir=\"ltr\" style=\"list-style-type: disc;font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre;margin-left: -6pt\">\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\" role=\"presentation\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">VAT adjustments - private use of car, business gifts and staff facilities may require a VAT correction.<\/span><\/p>\r\n<\/li>\r\n<\/ul>\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Common mistakes that cost money:<\/span><\/p>\r\n\r\n<ul style=\"margin-top: 0;margin-bottom: 0;padding-inline-start: 48px\">\r\n \t<li dir=\"ltr\" style=\"list-style-type: disc;font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre;margin-left: -6pt\">\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\" role=\"presentation\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Incorrect invoice requirements - missing details can cause loss of the right to deduct input VAT.<\/span><\/p>\r\n<\/li>\r\n \t<li dir=\"ltr\" style=\"list-style-type: disc;font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre;margin-left: -6pt\">\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\" role=\"presentation\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Mismatch between revenue in the VAT return and your annual figures - reconcile periodically.<\/span><\/p>\r\n<\/li>\r\n \t<li dir=\"ltr\" style=\"list-style-type: disc;font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre;margin-left: -6pt\">\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\" role=\"presentation\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Late filing or payment - results in interest and penalties and draws unnecessary attention.<\/span><\/p>\r\n<\/li>\r\n<\/ul>\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 11.25pt\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Work with tight processes: invoice numbering, monthly or quarterly close with a checklist, and automated bank feeds. When in doubt, have transactions reviewed - especially for cross-border business or complex recharges.<\/span><\/p>\r\n\r\n<h2 dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 11.25pt\"><span style=\"font-size: 18pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: bold;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Deductions and tax benefits for SMEs<\/span><\/h2>\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">There is structural profit to be gained here if you apply the rules correctly:<\/span><\/p>\r\n\r\n<ul style=\"margin-top: 0;margin-bottom: 0;padding-inline-start: 48px\">\r\n \t<li dir=\"ltr\" style=\"list-style-type: disc;font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre;margin-left: -6pt\">\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\" role=\"presentation\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Entrepreneurs\u2019 deductions - including the self-employed deduction and start-up deduction. The self-employed deduction is being phased out, but can still make a substantial difference if you meet conditions such as the hours criterion.<\/span><\/p>\r\n<\/li>\r\n \t<li dir=\"ltr\" style=\"list-style-type: disc;font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre;margin-left: -6pt\">\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\" role=\"presentation\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">SME profit exemption - reduces your profit after entrepreneurs\u2019 deductions by a fixed percentage. This is relevant to almost every income tax entrepreneur.<\/span><\/p>\r\n<\/li>\r\n \t<li dir=\"ltr\" style=\"list-style-type: disc;font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre;margin-left: -6pt\">\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\" role=\"presentation\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Investment allowances - small-scale investment allowance (KIA) for broad investments, environmental investment allowance (MIA) and energy investment allowance (EIA) for sustainable assets. Check per investment whether it qualifies.<\/span><\/p>\r\n<\/li>\r\n \t<li dir=\"ltr\" style=\"list-style-type: disc;font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre;margin-left: -6pt\">\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\" role=\"presentation\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Co-working deduction - if your tax partner works in the business and meets the conditions.<\/span><\/p>\r\n<\/li>\r\n \t<li dir=\"ltr\" style=\"list-style-type: disc;font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre;margin-left: -6pt\">\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\" role=\"presentation\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Research and innovation - RVO schemes such as the WBSO can reduce labour costs for R&amp;D. This indirectly affects your profit and tax burden.<\/span><\/p>\r\n<\/li>\r\n \t<li dir=\"ltr\" style=\"list-style-type: disc;font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre;margin-left: -6pt\">\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\" role=\"presentation\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Costs and provisions - think of training, insurance, subscriptions, and forming realistic provisions for obligations.<\/span><\/p>\r\n<\/li>\r\n<\/ul>\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Points of attention:<\/span><\/p>\r\n\r\n<ul style=\"margin-top: 0;margin-bottom: 0;padding-inline-start: 48px\">\r\n \t<li dir=\"ltr\" style=\"list-style-type: disc;font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre;margin-left: -6pt\">\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\" role=\"presentation\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Representation and mixed costs - often only partly deductible. Document choices and calculations.<\/span><\/p>\r\n<\/li>\r\n \t<li dir=\"ltr\" style=\"list-style-type: disc;font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre;margin-left: -6pt\">\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\" role=\"presentation\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Company car versus private - compare total cost, VAT effect and benefit-in-kind.<\/span><\/p>\r\n<\/li>\r\n \t<li dir=\"ltr\" style=\"list-style-type: disc;font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre;margin-left: -6pt\">\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\" role=\"presentation\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Retirement provision - the fiscal retirement reserve has been abolished for new accrual. Build pension via an annuity or within the BV structure.<\/span><\/p>\r\n<\/li>\r\n<\/ul>\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 11.25pt\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">If you want to maximise benefits, start with an investment and cost plan at the beginning of the year and have your choices reviewed in advance. That way you actively steer your tax outcome.<\/span><\/p>\r\n\r\n<h2 dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 11.25pt\"><span style=\"font-size: 18pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: bold;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Administration, annual accounts and retention obligation<\/span><\/h2>\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">A sound set of books is the basis for a secure return. You keep all records for at least 7 years - often 10 years for real estate and construction projects due to VAT. Digitise and index documents so they are easy to find. Need support? See our <\/span><a style=\"text-decoration: none\" href=\"https:\/\/www.profinancials.nl\/diensten\/voor-lokale-ondernemers-bedrijven\/\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #0000ee;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: underline;vertical-align: baseline;white-space: pre-wrap\">Services for local entrepreneurs (SMEs)<\/span><\/a><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">.<\/span><\/p>\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Practical admin checklist:<\/span><\/p>\r\n\r\n<ul style=\"margin-top: 0;margin-bottom: 0;padding-inline-start: 48px\">\r\n \t<li dir=\"ltr\" style=\"list-style-type: disc;font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre;margin-left: -6pt\">\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\" role=\"presentation\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Use accounting software with a bank feed and scan-and-recognise for invoices.<\/span><\/p>\r\n<\/li>\r\n \t<li dir=\"ltr\" style=\"list-style-type: disc;font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre;margin-left: -6pt\">\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\" role=\"presentation\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Close monthly: reconcile bank, VAT check, follow up open items.<\/span><\/p>\r\n<\/li>\r\n \t<li dir=\"ltr\" style=\"list-style-type: disc;font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre;margin-left: -6pt\">\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\" role=\"presentation\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Keep time sheets and mileage logs if they are tax-relevant.<\/span><\/p>\r\n<\/li>\r\n \t<li dir=\"ltr\" style=\"list-style-type: disc;font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre;margin-left: -6pt\">\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\" role=\"presentation\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Maintain a fixed asset register and post depreciation periodically.<\/span><\/p>\r\n<\/li>\r\n \t<li dir=\"ltr\" style=\"list-style-type: disc;font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre;margin-left: -6pt\">\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\" role=\"presentation\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Process private-use adjustments on time - car, phone, mixed use.<\/span><\/p>\r\n<\/li>\r\n<\/ul>\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 11.25pt\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Toward the annual accounts: prepare balance sheet specifications, substantiate general ledger accounts, and reconcile with the VAT returns and, for BVs, with tax valuation rules. A well-supported annual report speeds up the return and reduces error and audit risk.<\/span><\/p>\r\n\r\n<h2 dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 11.25pt\"><span style=\"font-size: 18pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: bold;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Do it yourself or outsource?<\/span><\/h2>\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Doing it yourself is feasible with orderly records and basic knowledge. Still, outsourcing often pays off once you deal with staff, international transactions, investment allowances or a BV structure. That way you avoid missed benefits and costly mistakes. Sparring with a <\/span><a style=\"text-decoration: none\" href=\"https:\/\/www.profinancials.nl\/belastingadviseur-eindhoven\/\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #0000ee;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: underline;vertical-align: baseline;white-space: pre-wrap\">Tax advisor for SMEs<\/span><\/a><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\"> gives clarity fast.<\/span><\/p>\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Why Profinancials:<\/span><\/p>\r\n\r\n<ul style=\"margin-top: 0;margin-bottom: 0;padding-inline-start: 48px\">\r\n \t<li dir=\"ltr\" style=\"list-style-type: disc;font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre;margin-left: -6pt\">\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\" role=\"presentation\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">All-in business administration package from \u20ac95\/mo - bookkeeping, annual report and tax returns included.<\/span><\/p>\r\n<\/li>\r\n \t<li dir=\"ltr\" style=\"list-style-type: disc;font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre;margin-left: -6pt\">\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\" role=\"presentation\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Fixed monthly fees and personal advice - no surprises.<\/span><\/p>\r\n<\/li>\r\n \t<li dir=\"ltr\" style=\"list-style-type: disc;font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre;margin-left: -6pt\">\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\" role=\"presentation\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Online software and client portal - real-time insight and secure document exchange.<\/span><\/p>\r\n<\/li>\r\n \t<li dir=\"ltr\" style=\"list-style-type: disc;font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre;margin-left: -6pt\">\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\" role=\"presentation\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Experience with SMEs, freelancers (zzp), BVs and expat cases - Eindhoven region and nationwide.<\/span><\/p>\r\n<\/li>\r\n<\/ul>\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 11.25pt\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Want immediate certainty and time savings? Schedule a free exploratory call via our contact page. Prefer to spar first? Book our <\/span><a style=\"text-decoration: none\" href=\"https:\/\/www.profinancials.nl\/diensten\/adviessessies\/\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #0000ee;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: underline;vertical-align: baseline;white-space: pre-wrap\">Advisory sessions on tax and administration<\/span><\/a><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">.<\/span><\/p>\r\n\r\n<h2 dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 11.25pt\"><span style=\"font-size: 18pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: bold;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Deadlines and penalties at a glance<\/span><\/h2>\r\n<div dir=\"ltr\" style=\"margin-left: 0pt\" align=\"left\">\r\n<table style=\"border: none;border-collapse: collapse\"><colgroup> <col width=\"156\"> <col width=\"156\"> <col width=\"156\"> <col width=\"156\"><\/colgroup>\r\n<thead>\r\n<tr style=\"height: 0pt\">\r\n<th style=\"vertical-align: top;overflow: hidden;border: solid #000000 1pt\" scope=\"col\">\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Return<\/span><\/p>\r\n<\/th>\r\n<th style=\"vertical-align: top;overflow: hidden;border: solid #000000 1pt\" scope=\"col\">\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Frequency<\/span><\/p>\r\n<\/th>\r\n<th style=\"vertical-align: top;overflow: hidden;border: solid #000000 1pt\" scope=\"col\">\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Standard deadline<\/span><\/p>\r\n<\/th>\r\n<th style=\"vertical-align: top;overflow: hidden;border: solid #000000 1pt\" scope=\"col\">\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Notes<\/span><\/p>\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">\u00a0<\/span><\/p>\r\n<\/th>\r\n<\/tr>\r\n<\/thead>\r\n<tbody>\r\n<tr style=\"height: 0pt\">\r\n<td style=\"vertical-align: top;overflow: hidden;border: solid #000000 1pt\">\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">VAT<\/span><\/p>\r\n<\/td>\r\n<td style=\"vertical-align: top;overflow: hidden;border: solid #000000 1pt\">\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Monthly or quarterly<\/span><\/p>\r\n<\/td>\r\n<td style=\"vertical-align: top;overflow: hidden;border: solid #000000 1pt\">\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">No later than 1 month after the period<\/span><\/p>\r\n<\/td>\r\n<td style=\"vertical-align: top;overflow: hidden;border: solid #000000 1pt\">\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Applies to filing and payment. Submit the ICP list at the same time.<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr style=\"height: 0pt\">\r\n<td style=\"vertical-align: top;overflow: hidden;border: solid #000000 1pt\">\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Income tax<\/span><\/p>\r\n<\/td>\r\n<td style=\"vertical-align: top;overflow: hidden;border: solid #000000 1pt\">\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Annually<\/span><\/p>\r\n<\/td>\r\n<td style=\"vertical-align: top;overflow: hidden;border: solid #000000 1pt\">\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">No later than 1 May after the year<\/span><\/p>\r\n<\/td>\r\n<td style=\"vertical-align: top;overflow: hidden;border: solid #000000 1pt\">\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Deferral possible. Adjust provisional assessment during the year.<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr style=\"height: 0pt\">\r\n<td style=\"vertical-align: top;overflow: hidden;border: solid #000000 1pt\">\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Corporate income tax<\/span><\/p>\r\n<\/td>\r\n<td style=\"vertical-align: top;overflow: hidden;border: solid #000000 1pt\">\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Annually<\/span><\/p>\r\n<\/td>\r\n<td style=\"vertical-align: top;overflow: hidden;border: solid #000000 1pt\">\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">5 months after the financial year<\/span><\/p>\r\n<\/td>\r\n<td style=\"vertical-align: top;overflow: hidden;border: solid #000000 1pt\">\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Deferral possible. Align with annual accounts and tax valuations.<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<tr style=\"height: 0pt\">\r\n<td style=\"vertical-align: top;overflow: hidden;border: solid #000000 1pt\">\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Payroll taxes<\/span><\/p>\r\n<\/td>\r\n<td style=\"vertical-align: top;overflow: hidden;border: solid #000000 1pt\">\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Monthly<\/span><\/p>\r\n<\/td>\r\n<td style=\"vertical-align: top;overflow: hidden;border: solid #000000 1pt\">\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">No later than end of the following month<\/span><\/p>\r\n<\/td>\r\n<td style=\"vertical-align: top;overflow: hidden;border: solid #000000 1pt\">\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Return and payment per period.<\/span><\/p>\r\n<\/td>\r\n<\/tr>\r\n<\/tbody>\r\n<\/table>\r\n<\/div>\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 11.25pt\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Filing or paying late leads to interest and penalties. Set fixed reminders in your calendar or have Profinancials monitor the deadlines for you.<\/span><\/p>\r\n\r\n<h2 dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 12pt\"><span style=\"font-size: 18pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: bold;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Frequently asked questions<\/span><\/h2>\r\n<h3 dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 12pt\"><span style=\"font-size: 13.999999999999998pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: bold;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">What does SME stand for at the Tax Administration?<\/span><\/h3>\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 12pt\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">SME stands for small and medium-sized enterprise. In a tax context it concerns entrepreneurs with sole proprietorships, partnerships, limited partnerships and BVs without large-company size. Schemes such as the SME profit exemption are aimed specifically at this group.<\/span><\/p>\r\n\r\n<h3 dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 12pt\"><span style=\"font-size: 13.999999999999998pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: bold;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">What is the checklist for the income tax return for entrepreneurs?<\/span><\/h3>\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 12pt\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Basic check: complete records, profit and loss statement, balance sheet specifications, private-use corrections, depreciation, entrepreneurs\u2019 deductions and SME profit exemption, investment allowance, check provisional assessment and file on time. Update your list monthly, not just at year-end.<\/span><\/p>\r\n\r\n<h3 dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 12pt\"><span style=\"font-size: 13.999999999999998pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: bold;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">How can I call the Tax Administration for business?<\/span><\/h3>\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 12pt\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Call the Business Tax Information Line on 0800-0543. Have your RSIN\/BSN, VAT ID or VAT number and relevant return details to hand. Note: the Tax Administration does not give personal optimisation advice - an advisor does.<\/span><\/p>\r\n\r\n<h3 dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 12pt\"><span style=\"font-size: 13.999999999999998pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: bold;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Who is entitled to the SME profit exemption?<\/span><\/h3>\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 12pt\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Every entrepreneur for income tax with business profits is entitled to the SME profit exemption. The exemption applies after entrepreneurs\u2019 deductions and thus reduces taxable profit. The hours criterion is not required for this exemption.<\/span><\/p>\r\n\r\n<h3 dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 12pt\"><span style=\"font-size: 13.999999999999998pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: bold;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">What if I am late with my return or payment?<\/span><\/h3>\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 12pt\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">File as soon as possible anyway. You risk penalties and interest. Request deferral if filing is not possible and adjust your provisional assessment to limit interest. Repeat delays can be avoided with fixed monthly closes or outsourcing.<\/span><\/p>\r\n\r\n<h3 dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 12pt\"><span style=\"font-size: 13.999999999999998pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: bold;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Am I an entrepreneur for income tax purposes and how does the hours criterion work?<\/span><\/h3>\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 11.25pt\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">You are an entrepreneur if you aim to make a sustainable profit and bear entrepreneurial risk. If you also meet the hours criterion, you can apply entrepreneurs\u2019 deductions. Keep an accurate time sheet with activities and locations to substantiate your entrepreneurship.<\/span><\/p>\r\n\r\n<h2 dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 11.25pt\"><span style=\"font-size: 18pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: bold;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">Ready to handle your tax return with confidence?<\/span><\/h2>\r\n<p dir=\"ltr\" style=\"line-height: 1.2;margin-top: 0pt;margin-bottom: 0pt\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">With Profinancials you have one partner for your entire administration, VAT, income tax or corporate income tax. Personal, clear and with fixed monthly fees. Request a no-obligation quote via our contact page - we help SMEs in Eindhoven and beyond fast. Explore pricing via <\/span><a style=\"text-decoration: none\" href=\"https:\/\/www.profinancials.nl\/prijzen\/\"><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #0000ee;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: underline;vertical-align: baseline;white-space: pre-wrap\">Prices for entrepreneurs<\/span><\/a><span style=\"font-size: 11pt;font-family: Arial,sans-serif;color: #000000;background-color: transparent;font-weight: 400;font-style: normal;font-variant: normal;text-decoration: none;vertical-align: baseline;white-space: pre-wrap\">.<\/span><\/p>","blog_part_2":"","blog_faqs":[]},"class_list":["post-7225","blogs","type-blogs","status-publish","has-post-thumbnail","hentry"],"meta_all":{"cmplz_hide_cookiebanner":"","rank_math_internal_links_processed":"1"},"meta_all_flat":{"cmplz_hide_cookiebanner":"","rank_math_internal_links_processed":"1"},"meta_descriptions":{"blog_intro":"Intro paragraph shown directly beneath the author\/meta row. 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