What is A-kasse, and why could it be important for a business owner?
In this episode, Kati and Rezső discuss the role of the unemployment fund in Denmark and how self-employed individuals can benefit from it. 💼
🚀 Content:
00:00 - Introduction
01:30 - What is A-kasse?
04:06 - How can you join?
06:47 - How much does A-kasse membership cost?
07:13 - What are the requirements as a sole-proprietor?
09:34 - Closing thoughts
09:53 - Rezső says goodbye to the podcast
Key takeaways from the episode:
📌 A-kasse is available not only for employees but also for business owners, providing financial security in case of unemployment.
📌 The A-kasse membership fee is around 500-550 DKK, and it’s tax-deductible, reducing the actual cost.
📌 Business owners should consider A-kasse membership, as there’s no guarantee that a business will remain successful in the long run.
📷 Contact details for Rezső:
Facebook: https://www.facebook.com/people/OTTO-Fotografi/61556590869148/
Email: ottofotografi@gmail.com
🦉 Cool Accounts ApS
Get the most out of your business!
Leave the bookkeeping and tax matters to a specialist!
https://accounts.cool/en/
What happens if a business owner gets sick? In this episode, Kati and Rezső explore the Danish sick pay regulations and explain how self-employed individuals can receive financial support if they are unable to work due to illness. 🏥
🚀 Content:
00:00 - Introduction
02:02 - Sick pay eligibility requirements
03:25 - Sick pay amount and further information
03:56 - Special insurance options
06:28 - Partial sick pay and part-time work
Key takeaways from the episode:
📌 Sick pay for sole proprietors starts from the second week if the conditions are met.
📌 There is an option for special insurance that can cover income loss starting from the first day.
📌 The support amount is calculated based on the income from the business, with a maximum of 4695 DKK per week in 2024. 🦉 Cool Accounts ApS Get the most out of your business! Leave the bookkeeping and tax matters to a specialist! https://accounts.cool/en/
💼 How can you strengthen your business relationships? Business lunches, gifts, and representation costs – we covered it all in our latest episode!
Rezső is considering inviting a key client from a real estate company to a business lunch to solidify their relationship. But what are the rules in Denmark? Kati explains how business meals and gifts can be deducted, what percentage is tax-deductible, and what documentation is required.
🎙️ Join us in the latest episode of the "Business Lessons in Denmark" podcast, where we break down everything you need to know about representation costs!
🚀 Chapters:
00:00 - Intro
00:33 - Greeting
01:20 - Rezső's dilemma: business lunch with an important client
02:49 - Deductibility rate
04:20 - Documentation
05:30 - Business gifting
07:45 - Summary
Key takeaways from the episode:
📌 Only 25% of business lunch expenses are tax-deductible.
📌 When it comes to gifts, if they are promotional and distributed widely (like branded pens), the costs are fully deductible. For more expensive gifts, only 25% can be deducted, and VAT cannot be reclaimed.
📌 Proper documentation is needed for representation costs: invoices, a list of attendees, and the purpose of the meeting or gift.
▶️ Useful links for the episode:
Fradrag for udgifter til repræsentation: https://info.skat.dk/data.aspx?oid=2083501
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Leave the bookkeeping and tax matters to a specialist!
https://accounts.cool/en/
🎉 The “Business Lessons in Denmark” podcast is celebrating a milestone with a special episode! We’ve reached our 50th episode, and to mark the occasion, we’ve prepared something unique for you.
You’ll get a behind-the-scenes look: discover how the podcast started, what inspired its creation, and what successes we’ve achieved along the way. Join us as we celebrate this milestone together!
🦉 Cool Accounts ApS
Get the most out of your business!
Leave the bookkeeping and tax matters to a specialist!
https://accounts.cool/en/
Can you deduct your daily meals as a business owner? And what about business lunches or employer-provided daily meals? 🍔
In the latest episode of the “Business Lessons in Denmark” podcast, Kati and Rezső explore the details of deduction of meal expenses, and share all the crucial information to help you avoid fines from the tax office. 🎙️
Main takeaways:
📌 Sole proprietors and one-person ApS’ cannot deduct their daily meals as expenses, as these are considered personal expenses.
📌 Larger companies can provide daily meals to their employees tax-free, provided the food is not considered luxury.
📌 For sole proprietors, meal expenses incurred during unexpected overtime cannot be deducted.
🦉 Cool Accounts ApS
Get the most out of your business!
Leave the bookkeeping and tax matters to a specialist!
https://accounts.cool/en/
The latest episode of the ‘Business Lessons in Denmark’ podcast is now live! This time, we’re excited to bring you an inspiring interview with Agnes, who, alongside her boyfriend Robert, has built a thriving business in Denmark over the past two years. 🇩🇰
Tune in to hear how they started, the challenges they’ve faced, and Agnes' tips for aspiring business owners. Plus, get a glimpse of what it’s like to mix business and personal life. Curious about the secrets behind their success? Don’t miss this episode!
▶️ Useful links for the episode:
Danrengøring / More Shine I/S
https://moreshine.dk/
🦉 Cool Accounts ApS
Get the most out of your business!
Leave the bookkeeping and tax matters to a specialist!
https://accounts.cool/en/
🚀 On a business trip? Maximize your expense deductions!
Did you know that you can deduct your business trip expenses in two different ways? Accommodation, meals, travel – all these can be written off if you play it smart! 💡
Discover your options in our latest podcast episode, so you can decide which way you are better off! 💸
Key Takeaways from the Episode:
📌 Definition of a Business Trip: A business trip is defined as a work-related journey that doesn’t allow you to return home the same day due to distance or working hours - it must exceed 24 hours.
📌 Deductible Expenses: Accommodation and meal expenses incurred during business trips can be deducted, provided that the trip is business-related and contributes to revenue generation.
📌 Methods of Deduction: You can choose between two methods for deducting business trip expenses: actual expenses based on receipts, or a flat rate set by the tax authority.
▶️ Useful links for the episode:
https://skat.dk/borger/fradrag/arbejdsrelaterede-fradrag/rejsefradrag-godtgoerelse-kost-og-logi/rejsefradrag
🦉 Cool Accounts ApS
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Leave the bookkeeping and tax matters to a specialist!
https://accounts.cool/en/
May we deduct our training-, course-, or seminar expenses in our company? 🤔
Rezsö registered for a half-day drone seminar. New technological trends, fresh knowledge – all beneficial for his company. But can he deduct its price as an expense? 💼
What conditions need to be met for courses and training to be deductible in our business? We cover all the details in our latest episode, so join us! 🎧
Key Takeaways from the Episode:
📌 Costs of Courses and Seminars: The costs of courses and seminars are deductible if they are directly related to your current work and income generation, and they are not too general.
📌 Language Courses and General Trainings: Courses such as language courses or self-improvement courses are considered too general and are not deductible.
📌 Acquiring New Competencies: Course costs are not deductible if they are aimed at acquiring new competencies; they are only deductible if they are about maintaining and updating existing knowledge.
▶️ Useful links for the episode:
https://youtu.be/K0hlw3vzwrQ
C.C.2.2.2.3 Udgifter til kurser, videreuddannelse mv. https://info.skat.dk/data.aspx?oid=2083495
🦉 Cool Accounts ApS
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Leave the bookkeeping and tax matters to a specialist!
https://accounts.cool/en/
What opportunities do we have as business owners to support our health without breaking the bank? 🤔
Rezsö wants to go to a masseur or chiropractor because the physical demands of his job cause him daily strain, leading to back pain. 🚨
Can he write off these types of health services as expenses? What options do business owners have to support their own health and that of their employees? We will discuss this in our latest episode, join us! 🎧
Key Takeaways from the Episode:
📌 Work-Related Health Services: Under certain conditions, businesses can support their employees’ health by providing services such as massage, acupuncture, chiropractic care, and other similar treatments.
📌 Situation of Sole Proprietors: Unfortunately, sole proprietors cannot deduct the costs of health services as business expenses; these are considered private expenses.
📌 Health Insurance: A beneficial solution for entrepreneurs can be to obtain health insurance, which can partially or fully cover the costs of various health services.
📌 Retirement Savings: Combining retirement savings with health insurance offers entrepreneurs the opportunity to access various health services at favorable terms.
📌 Company form matters: Better possibilities with an ApS.
🦉 Cool Accounts ApS
Get the most out of your business!
Leave the bookkeeping and tax matters to a specialist!
https://accounts.cool/en/
Do you run your business from home and want to deduct the costs of your office, workshop, or studio? 🏠 Rezső has returned from vacation and is wondering how he can deduct the costs of his home office in his business. Is it even possible? What are the rules regarding this? 📃 We bring you some real-life examples that show when you can deduct a room in your home that you use for your business. Join us! 🎧 The main takeaways from this episode: 📌 For sole proprietors, the possibility of expense deduction depends on the nature of the space, its usage extent, and its entrance conditions. 📌 The space must be altered in such a way that it is no longer suitable for private use. 📌 The space cannot be an integral part of the home but has to be separate from the private living area. 📌 The space must be used significantly as a primary workplace during normal working hours. ▶️ Useful links for the episode: C.A.4.3.1.6 Fradrag for udgifter til arbejdsværelse, kontorhold, telefon og computer: https://info.skat.dk/data.aspx?oid=2061773 🦉 Cool Accounts ApS Get the most out of your business! Leave the bookkeeping and tax matters to a specialist! https://accounts.cool/en/
If something can be 100% deducted in our company, does that mean it’s free? 💸 What exactly does deducting business expenses mean? 🤔 In our latest episode, Lilla Beck, the owner of Rene Linier cleaning company joined us to clarify what deducting expenses actually means. How is this related to the tax base and what are tax base allowances/deductions? 💰 Join us to avoid making the mistake that unfortunately some people make when thinking about expense deduction! 🎙️
🚀 Chapters: 00:00 - Intro 00:27 - Welcome 01:28 - What does expense deduction mean? 02:50 - Tax-base: What does it mean? 06:28 - Tax-base deduction: What does it mean? 08:36 - Figures in Dinero: Are they accurate? 10:12 - Summary 12:15 - Closing thoughts Key takeaways from the episode: 📌 Company expenses are deducted from the tax base, not from the tax itself. 📌 The tax base is the amount on which we pay taxes. 📌 Tax base deductions are financial benefits established by the state, aimed at reducing taxpayers’ burdens and encouraging certain activities.
🦉 Cool Accounts ApS Get the most out of your business! Leave the bookkeeping and tax matters to a specialist! https://accounts.cool/en/
Are you considering buying new machines, vehicles, or other high-value assets for your business? 🤔 In this episode, we will discuss the rules of cost deduction of high-value assets and you will learn about the different types of these assets. 📊 Join us and learn how to keep your business finances in order! 🎙️ 🚀 Content: 00:00 - Intro 00:22 - Welcome 03:50 - High-value assets and their cost deduction 04:10 - Tangible assets 04:43 - Intangible assets and examples 06:12 - Financial investments 06:58 - Individual record-keeping and spreading costs 08:35 - Closing thoughts The main takeaways from this episode: 📌 The cost of high-value assets should be spread over several years, reflecting their gradual depreciation. 📌 Individual record-keeping of assets is essential for accurate accounting. 📌 Financial investments and intangible assets are also important components of a business’s finances. ▶️ Useful links for the episode: Anlægsaktiver – Hvad er et anlægsaktiv? https://dinero.dk/ordbog/anlaegsaktiver/ 🦉 Cool Accounts ApS Get the most out of your business! Leave the bookkeeping and tax matters to a specialist! https://accounts.cool/en/
Do you need a vacuum cleaner, a desk, or a printer for your company? How can you deduct your work tools as expenses? 🤔 Rezső received another order, but for this task, he will need a drone to take aerial shots.🎞️ But what rules apply to deducting the expenses of work tools? What is the difference between low-value and high-value assets?🔧 🚜 In this episode, we discuss all this, and we even have some good news for Rezső at the end.💡 Join us to learn about the possibilities and rules related to another common challenge! 🎙️ Key Takeaways from the Episode: 📌 Small-value assets can be immediately deducted as expenses if their value does not exceed the threshold. 📌 Individual record-keeping and spreading costs over several years are only necessary for high-value assets. 📌 It is important that assets can be used independently for deducting them in one go. ▶️ Useful links for the episode: Småanskaffelser og aktiver – hvad er forskellen? https://dinero.dk/tips/smaaanskaffelser-og-aktiver/ 🦉 Cool Accounts ApS Get the most out of your business! Leave the bookkeeping and tax matters to a specialist! https://accounts.cool/en/
As a business owner, you may need special clothing for your job, such as protective gear.👷 But it could also be that you work in simple T-shirts and trousers.👕👖 In any case, it would be great if you could deduct what you spend on clothing as a business expense.🤔 But is this even possible, and if so, how? What conditions need to be met in order for you to account for workwear as an expense? In our latest episode, we provide the answers to these questions.🎙️
🚀 Content: 00:00 - Intro 00:30 - Welcome 00:50 - Listener question: Transport deduction for a detour? 03:10 - Conditions for deduction for workwear as a business owner 04:30 - Special clothing and tax benefits 05:05 - Clothing that can be used for private purposes 07:20 - Benefits of clothing with your company’s logo 10:00 - Summary and closing thoughts Key Takeaways from the Episode: 📌 Workwear can be accounted for if certain conditions are met. 📌 Clothing that can also be used for private purposes cannot be accounted for as workwear. 📌 Costs for special clothing required for work can be deducted. 📌 Logoed clothing can be accounted for as workwear and also serves as advertising. ▶️ Useful links for the episode: Arbejdstøj: https://skat.dk/erhverv/ansatte-og-loen/personalegoder-naar-du-er-arbejdsgiver/arbejdstoej 🦉 Cool Accounts ApS Get the most out of your business! Leave the bookkeeping and tax matters to a specialist! https://accounts.cool/en/
How to Deduct Mobile Phone and Internet Expenses as a Business Owner! 📱💻 Do you want to know how to deduct mobile phone and internet expenses as a business owner? What rules apply, and what should you pay attention to? Listen to our latest episode to learn everything you need to know! Key Takeaways from the Episode: 📌 Mobile phone and internet expenses can be deducted as business costs, but some rules must be followed. 📌 The phone bill must be in the company's name, and the proportion of business and private use must be determined. 📌 VAT can only be claimed back based on the proportion of business use. 📌 Mobile phone and internet are taxable as fringe benefits. 📌 Internet costs can also be deducted when working from home, but certain conditions must be met. ▶️ Useful links for the episode: Fri telefon, computer og internet: https://skat.dk/borger/personalegoder-hvis-du-er-medarbejder/fri-telefon-computer-og-internet 🦉 Cool Accounts ApS Get the most out of your business! Leave the bookkeeping and tax matters to a specialist! https://accounts.cool/en/
What expenses can be deducted in your business? 💼 Can Rezső deduct the Paris trip as a business expense? 🗼 In this episode, we explain what expenses can be deducted in your business and when an expense is considered a business expense. Join us to learn how to manage your business finances effectively! 🚀 Content: 00:00 - Intro 00:24 - Introduction 01:17 - Listener question: What do the various lines on a payslip mean? 05:04 - What counts as a business expense? 07:10 - Types of business expenses 10:18 - Closing thoughts Key takeaways from the episode: 📌 Only expenses directly necessary for generating revenue can be deducted. 📌 Material costs and equipment, employee salaries and contributions, marketing and advertising expenses, office space costs, company car operating costs, and administrative costs can be deducted. ▶️ Useful links for the episode: Fradrag for virksomhedens udgifter: https://skat.dk/erhverv/egen-virksomhed/fradrag-for-virksomhedens-udgifter 🦉 Cool Accounts ApS Get the most out of your business! Leave the bookkeeping and tax matters to a specialist! https://accounts.cool/en/
Will leasing solve Rezső’s car problem? 🚗 In our latest episode, we explore the options available to you if you decide to lease a car and how it can benefit your business 🚀 💼. 🚀 Content: 00:00 - Intro 00:20 - Introduction 01:20 - Car leasing options for business owners 01:51 - Financing lease vs. operational lease 03:56 - Advantages and disadvantages 04:46 - Licence plates: white, yellow, parrot 05:20 - Accounting 08:25 - Closing remarks Key takeaways: 📌 Car leasing is available for business owners. 📌 There are two types of leasing: financing and operational. 📌 Financing lease: pay monthly, buy at the end. 📌 Operational lease: lower fees, return the car. 📌 White plate: lease fee not deductible as expense. 📌 Parrot plate: one-third of lease fee’s VAT is deductible. 📌 Yellow plate: full cost and VAT is deductible. ▶️ Check out our previous episodes if you’re planning to buy a car: https://www.youtube.com/watch?v=4bGD_iEW9co https://www.youtube.com/watch?v=f148Q1z_TFU https://www.youtube.com/watch?v=qyYvDeuWSAE https://www.youtube.com/watch?v=9KKWnfhHmHs https://www.youtube.com/watch?v=Gfky8wx3vhQ 🦉 Cool Accounts ApS Get the most out of your business! Leave the bookkeeping and tax matters to a specialist! https://accounts.cool/en/
Rezső still doesn't have a car, so he misses out on part of his tax benefits. 💸
Luckily, nothing is lost, because he can use the transport deduction to reduce his taxes! 🚗 🚌 🚴♂️
In this episode, you will find out how to claim this benefit, which means of transport it covers and what conditions you need to meet. ✅
Join us and find out how you can save thousands of krones a year! 💰
🚀 Content:
00:00 - Intro
00:27 - Greetings
02:08 - What is the transport deduction?
02:27 - Conditions and how to claim the benefit
04:54 - Travel to work and means of transport
06:14 - Travelling from your holiday home and detours
09:19 - Deduction amounts and bridge tolls
10:32 - Using your own car for business
12:09 - Conclusion/Closure
Main takeaways for this episode:
📌 Transport deduction: you are eligible if you have to travel more than 24 km a day for work.
📌 Conditions for claiming: more than 12 km between work and home (24 km round trip).
📌 Means of transport: any means of transport (car, bike, on foot, etc.).
📌 Travel from your holiday home: the distance cannot be longer than the distance from your home.
📌 Discount amounts: in 2024, 24-120 km 2.23 kr/km, over 120 km 1.12 kr/km.
📌 Only one type of deduction per route.
🌐 Links to the episode:
https://www.youtube.com/watch?v=4bGD_iEW9co
https://www.youtube.com/watch?v=f148Q1z_TFU
https://www.youtube.com/watch?v=qyYvDeuWSAE
https://www.youtube.com/watch?v=9KKWnfhHmHs
🦉 Cool Accounts ApS
Get the most out of your business!
Leave the bookkeeping and tax matters to a specialist!
https://accounts.cool/en/
Rezső's car adventures continue! 🚗 📸 In our new episode, we explore the pros and cons of the parrot-plate, and help Rezső make his decision. Will the parrot-licence-plate be the winner? 🦜 Join us for a humour-filled discussion and find out why this might be the best choice when buying a car! 🚚 🚀 Topics: 00:00 Intro 00:27 Greetings 01:30 Introduction of the parrot-plate 02:35 Advantages in more detail 06:09 Disadvantages and other factors 06:59 Main advantage: Lower registration fee 07:40 Can it have rear seats? 07:55 Closing remarks 🚚 Main takeaways for this episode: 1. Flexible Use: The parrot license plate car can be used for both business and personal purposes. 2. VAT Deduction: Operating costs VAT can be deducted. 3. Extra Costs: A private use tax must be paid, and a logbook must be kept. 4. Registration Fee: Lower registration fee compared to cars with white license plates. 5. Rear Seats: Parrot license plate cars cannot have rear seats. 🌐 Links to the episode: https://motorst.dk/erhverv/gule-plader-og-papegoejeplader 🦉 Cool Accounts ApS Get the most out of your business. Leave the bookkeeping and tax matters to a specialist. https://accounts.cool/en/
Rezsö is receiving more and more orders, so he really needs that car for his photography business. 📸
However, he still hasn't been able to decide what license plate the new car should have: white, yellow, or parrot? 🤍💛🦜
In this podcast episode, we are discussing yellow-license-plate cars, hoping to help Rezsö - and you too, dear business owner, if you're about to buy a car.
🚀 Topics:
00:00 intro
00:28 welcome
00:58 Rezsö`s problem
01:19 yellow-license-plate cars
01:53 private use
02:33 other requirements for these cars
02:53 going to work
03:43 special vehicles
04:48 keeping a kilometre log
07:22 no private cargo or passengers
07:58 converting to parrot plates
08:48 question from a listener
09:51 transfering money from the business account
10:32 podcast is off on Whit Monday
🚚 Main takeaways for this episode:
1. Company cars are cost effective.
2. Private use is limited to 20 days a year.
3. Rules for specialized vehicles are a bit more lenient.
🌐 Links to the episode: https://dinero.dk/tips/regler-gulpladebil/
🦉 Cool Accounts ApS
Get the most out of your business.
Leave the bookkeeping and tax matters to a specialist. https://accounts.cool/en/
