February 2024 - Inventory management costs money. But those who are smart in the warehouse can reap commercial benefits from it. In Belgium, the cost of stock for the average SME is estimated at 15 to 20 per cent of the financial value of the stock. Yet, the stock is indispensable in many cases. For three reasons: Fast delivery increases your service. ➤
February 2024 - Whatever business you are in, at the end of the financial year, only one thing counts: the amount below the line. The financial management of your business, therefore, deserves full attention. An ERP system brings insight into your data and figures. The basis of sound financial management is up-to-date accounting. An ERP… ➤
February 2024 - The start of a new year always has a number of tax novelties in store. In 2024, too, you can expect a number of changes in corporate tax. Which changes should you take into account?
Statutory filing deadlines
As is its annual custom, the FPS Finance informs taxpayers of the tax... ➤
February 2024 - In 2024, you should consider some new HR measures for employers and employees. In this article, we list some of the critical changes.
Extension of date for presentation of purchasing power premium
Through the RD of 23 April 2023 on the purchasing power premium, well-performing companies can grant a one-off purchasing power premium… ➤
February 2024 - Until the tax year 2023, non-profit organisations, international not-for-profit organisations (NPOs) and private foundations were subject to a 0.17% tax on the value of their assets (albeit with an exemption of a first tranche of EUR 25,000 of assets). Since 1 January 2024, a reformed rate… ➤
November 2023 - SMEs are pessimistic about their profitability and the rising number of late payments. This is according to the SME barometer of business association Unizo.
According to Unizo, the profitability problems are due to sharply rising wage costs and energy bills. These weigh on the cost structure of… ➤
November 2023 - On 14 November, the Flemish government agreed on the new nitrogen standards. The rules have quite an impact on agriculture and also businesses.
Whether the agreement is also legally watertight remains to be seen. But that there is an agreement can already be called a small miracle. For farmers and… ➤
November 2023 - Taking inventory a few times a year? It is a time-consuming and error-prone activity from which, unfortunately, you cannot escape. Fortunately, it can be done faster and more accurately. Software does the difficult counting and calculation in your place. Thanks to automated stock management, you always have up-to-date inventory figures. ➤
November 2023 - Is your accountant busy with the year-end closing process but can't imagine much about it? This article explains in non-technical terms what the year-end process entails, what exactly the government expects from you and your accountant, and what you, as a business owner, can do to help your accountant. ➤
November 2023 - If you invest in software, you (rightly) set high standards for performance, user-friendliness and versatility. But before buying, do you ever consider the security of your data? Cyber attacks and data breaches can cause a lot of (financial) damage - just check the newspapers. Moreover, when confidential business… ➤
November 2023 - From 2024, the federal government plans to modernise the registered cash register system (GKS). Specifically, this means that this system could also become mandatory in sectors other than the hospitality industry; the technology should become more compatible with new POS technology/software, and transaction data will be reported online in... ➤
November 2023 - In autumn, the federal government reached an agreement on the 2024 budget. This agreement includes the measure that flexi-jobs will be extended to 12 new sectors from 1 January 2024.
With this measure, the federal government aims to address staff shortages in these sectors, allowing employers to deploy additional staff flexibly. ➤
November 2023 - Did you know that since 1 August 2023, details of persons on whom board prohibitions have been imposed will be registered, kept and amended in a central register of board prohibitions? Through this register, public authorities and third parties can check whether there is a board prohibition for the following mandates: director, manager… ➤
November 2023 - If an employee receives a bicycle allowance, this allowance is exempt from social and tax charges up to a certain amount. This bicycle allowance is currently capped at EUR 0.27. The Council of Ministers recently decided to increase this amount to EUR 0.35 from 1 January 2024. At the same time, an annual ceiling… ➤
October 2023 - Through the investment deduction, a company can exempt part of its profits for certain new investments made during the taxable period. What (changed) percentages for the investment deduction should you take into account? For investments obtained or made between 12/03/2020 and 31/12/2022, an increased… ➤
October 2023 - From passenger cars to laptops: for many entrepreneurs, tax-friendly benefits in kind (VAA) are a popular way to supplement their monthly remuneration. Central to this is the favourable flat-rate basis for its taxation. These benefits include a wide range of perks, ranging from a private… ➤
October 2023 - Empty shelves lead to increasing delivery times and dissatisfied customers. But excessive stock levels are also bad news for the profitability of your business. How to find the optimal stock level and four other crucial questions around optimal stock management, we answer in this article. ➤
October 2023 - Bogus self-employment is subject to severe penalties. Do you work exclusively for one client? Then you better play it safe. In this article, we point out some red flags. Sham self-employment is prohibited to protect the self-employed person from being abused by a principal and to avoid social... ➤
October 2023 - 1 in 3 Belgian SMEs still sends invoices by post. Remarkable, because from 1 January 2026 electronic invoicing between companies will become mandatory. The figures come from a survey by Horus Software, which asked 452 Belgian SMEs about their invoicing habits. To the question 'I send my invoice via ?… ➤
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