PODCAST · business
Dania Accounting Podcast
by Dania Accounting ApS
Dania Accounting is an accounting firm from Denmark, specialising in accounting, payroll and annual report services. We are a team of 30 accountants and controllers with vast experience in e-conomic, Dinero, Billy, SAP and Microsoft Dynamics. Our hourly rates are between 350 DKK and 500 DKK + VAT. In this podcast, you can learn about accounting rules, tax and VAT in Denmark. Read more about us here: https://www.daniaaccounting.com/
Episodes
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Why is it important to apply interest on intercompany loans and shareholder loans in Denmark?
In this podcast, we examine why it is important to apply interest on intercompany loans and shareholder loans in Denmark. For loans between related parties, if the interest rate set does not correspond to the interest rate that independent parties would have set in a similar situation, the…
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How to prepare written Accounting Procedures in Denmark
Most companies in Denmark must have written Accounting Procedures in place. The document describing your Accounting Procedures is internal and should not be submitted anywhere unless requested by the authorities. Nevertheless, you should have the written Accounting Procedures done and update them...
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Tax Credit Scheme for Research & Development costs in Denmark
The Tax Credit Scheme in Denmark is a government initiative designed to improve the cash flow of companies that invest in R&D activities. Under this scheme, companies can receive an advance payment of the tax value of their R&D expenditures, effectively providing them with additional liquidity to...
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How to Understand Your Financial Report Using Financial KPIs
Financial reports are comprehensive documents that provide a detailed overview of a company's financial position, performance, and cash flows over a specific period, typically a fiscal year or quarter. Financial KPIs in Denmark are essential for business owners, investors, creditors, and other...
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What company structure should you choose in Denmark?
The 4 most common company structures in Denmark are: Sole Proprietorship, Limited Liability Company, Branch Office and Registration as a Foreign Company. When deciding between company structures, consider your level of experience, how confident you are in your business plan, how much money you…
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Transfer Pricing rules in Denmark for 2023
Transfer Pricing rules in Denmark have changed many times over the last couple of years. It is now mandatory for larger companies in Denmark to submit Transfer Pricing documentation each year. It was required to prepare the Transfer Pricing documentation in the past, but it was only submitted...
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Audit requirements in Denmark for annual reports in 2023
Audits of annual reports are not mandatory for most companies in Denmark. In general, larger limited liability companies need to be audited, and smaller companies do not need to be audited. The difference between "smaller" and "larger" is defined by thresholds for revenue, amount of employees and...
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Cash flow budget – and why having one matters for your business
A budget isn't just an expense-cutting tool; it can help you grow your business by providing you with the structure you need to make smart financial decisions. By creating a cash flow budget, you can get an accurate snapshot of where your business stands financially at any given time and use that...
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How can you reassume a company faced with a compulsory dissolution?
When a limited liability company (in Denmark, most often ApS or A/S) fails to submit the annual report on time, the Danish Business Authority will request the Danish Maritime and Commercial High Court to dissolve the company after a while. We call this a compulsory dissolution. Sometimes, it is...
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How can a non-resident company pay a salary to an employee in Denmark?
How can a non-resident company pay a salary to an employee in Denmark? Sometimes a non-resident company wants to hire just a single employee in Denmark. Due to the very low scale of activities, it is sometimes not feasible to incorporate a new resident company or to create a branch office. Listen...
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How do you distribute an extraordinary dividend in an ApS?
A dividend is part of the profit paid out to a company's shareholders. Capital companies like ApS and A/S can distribute dividends after the first fiscal year ends and the annual report is approved at the annual general meeting. Extraordinary dividends are distributed during the year, not at the...
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Price for incorporating a new ApS in Denmark
In this podcast, we describe the costs involved in incorporating a new limited liability company in Denmark (ApS). You can read more on our website: https://www.daniaaccounting.com/slider/price-incorporating-new-aps/
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How to prepare minutes from your annual general meeting?
If you are the director and or shareholder of a Danish limited liability company – either an ApS or A/S – you will need to approve the annual report for the company once per year at the annual general meeting. A document that we call "minutes" needs to be drafted and signed at the annual general...
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Can a consultant invoice through an ApS? – and why it can get VERY expensive in tax if you get it wrong!
In general, just because you issue an invoice through an ApS for your consulting services, that does not necessarily make it a company income. In some circumstances, you might have just put yourself at risk of double or even triple taxation if you are considered the beneficiary and not the ApS....
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What is a holding company?
A holding company is defined as a limited liability company that primarily owns shares in other companies. The companies that are owned by a holding company is called operating companies. A holding company in Denmark can be structured in the form of, e.g. an ApS or an A/S. A sole proprietorship...
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Are you considering starting a sole proprietorship in Denmark?
We share our insights and information on starting a sole proprietorship in Denmark. You can also read more on our website: https://www.daniaaccounting.com/slider/sole-proprietorship-denmark/ #entrepreneur #business #startup #soleproprietor #soleproprietorship
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Can you benefit from using the business tax scheme in Denmark as a sole proprietor?
The business tax scheme is a particular tax scheme in Denmark you can use as a sole proprietor to lower or postpone your income tax. The business tax scheme enables you to use the company income tax rate (which is 22% in 2022) on the part of the profit from your sole proprietorship not withdrawn...
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Are you considering incorporating a new limited liability company in Denmark?
Learn more about the most popular limited liability company structure in Denmark called the "ApS" on our blog: https://www.daniaaccounting.com/slider/incorporate-limited-liability-company-in-denmark-aps/ #ApS #incorporation #denmark #LTD
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Are you considering to close your ApS?
Let's face it. Times have been really difficult for everyone. Some businesses have skyrocketed their sales and are now struggling to find enough employees to deliver and others have seen their sales plummet to zero. Are you considering closing your ApS in Denmark? There are 5 important types of...
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Why is shareholder loans in Denmark a really bad idea?
Shareholder loans can be anything from payments done using the company credit card to pay for a private cost on behalf of a shareholder, to salary advances paid to a shareholder when a payslip has not yet been made, to dividends that are distributed without complying with the Companies Act or...
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What is the difference between being a freelancer, self-employed and an employee?
What is the risk for you and your client if it turns out you are considered an employee and not a freelancer or self-employed (sole proprietor)? Well, first of all, your client could face both a tax bill (since he should have withheld your personal income tax) and fines for not complying with...
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Tax for sole proprietors in Denmark - which of the 3 tax schemes should you choose?
If you have your own business, a sole proprietorship, you need to make partial tax payments during the year in ten equal instalments. We teach you how tax is paid and we discuss when to use the 3 tax schemes for sole proprietors in Denmark. Read more about tax as a sole proprietor here:...
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How to open a new bank account for your business
Are you struggling to open a new bank account for your business? We give inspiration and ideas as to which banks to approach and how to get started using a fintech solution as an alternative to a traditional bank. You can read more here:...
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Do you want to learn more about company income tax in Denmark?
Limited liability companies in Denmark pay company income tax on their taxable profits. The company income tax in Denmark is 22% for limited liability companies (2022). You can learn more about company income tax in our video here or read more on our website:...
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How much is the dividend tax in Denmark when a dividend is distributed to the shareholders?
After company income tax is paid, a company can choose to distribute the remaining profits as dividends to the shareholders when certain criteria are met. The dividend tax is typically either 0%, 27% or 42% when paid to the shareholders (2021 rates) depending on how much dividend is distributed…
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ABOUT THIS SHOW
Dania Accounting is an accounting firm from Denmark, specialising in accounting, payroll and annual report services. We are a team of 30 accountants and controllers with vast experience in e-conomic, Dinero, Billy, SAP and Microsoft Dynamics. Our hourly rates are between 350 DKK and 500 DKK + VAT. In this podcast, you can learn about accounting rules, tax and VAT in Denmark. Read more about us here: https://www.daniaaccounting.com/
HOSTED BY
Dania Accounting ApS
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