When a business has employees, payroll should also be reflected in the bookkeeping of the business. This blog will help you with the proper bookkeeping entries! Three steps are involved: 1. Include journal entry for each payroll run 2. Book…
Legal entities are typically required to annually prepare & publish financial statements. There are different deadlines for the different types of legal entities, but for the Dutch limited liability company besloten vennootschap or “BV”) the following requirements are applicable for…
Annual profit of BV Is there a DGA (directeur-grootaandeelhouder); if so, will the dividends be distributed to the DGA? Net profits distributed as dividends (%) Annual profit € 100.000,00 Years 2018 (EUR; %) 2019 (EUR; %) 2020 (EUR; %) 2021 (EUR;…
Sharp and clever, quick to respond, and wise: The main focus of fast-growing and innovative start-ups is often strictly on their business model and technological developments. The Challenge However, from the sustainable and successful entrepreneurship point of view, having a…
Besides an ambitious business plan, much remains to be done to make startups financially and administratively investor-proof. In order to act according to your fundamentals, you cannot start off too soon. Being late for that itself also costs time, and…
If the BV wants to attract a loan, for example, from the bank, the bank may demand that the director-major shareholder (hereinafter: DGA) provides additional security by personally guaranteeing the loan. It may also be possible that the bank is…