Financial statements: everything you need to know as a business owner in 5 questions and answers

Financial statements: everything you need to know as a business owner in 5 questions and answers

July 2023 - Summer holidays? Not for your accountant! He or she is working overtime these days to complete your company's annual accounts. As required by law, these must be submitted to the Central Balance Sheet Office within seven months of… ➤

Sales in 2023: these are the rules

Sales in 2023: these are the rules

July 2023 - Sale! Everything must go! -50 per cent! Most traders pull out all the stops during the sales period to remove their old stock. But what are the rules around bargains? How much discount can you legally give? Is selling at a loss permitted? And how do you ensure a big sales spike during sales? What does the law say about sales?

Self-declaration of annual tax on securities accounts: to be filed by 15 July 2023

Self-declaration of annual tax on securities accounts: to be filed by 15 July 2023

July 2023 - On 26 February 2021, the annual tax on securities accounts came into force.
This annual tax of 0.15% is levied on the average value of taxable financial instruments during the reference period, provided this average value exceeds €1 million. ➤

Tighter ground rules for withholding tax exemption

Tighter ground rules for withholding tax exemption

July 2023 – In 2022, the Administration formulated stricter application conditions for the exemption from withholding tax for shift and night work. To qualify for a pass-through of only 80%, a company must meet the following conditions: The work is done in at least two shifts of at least two workers. ➤

Sheet obligation 281.50: avoid heavy penalties!

Sheet obligation 281.50: avoid heavy penalties!

July 2023 – In Belgium, the tax deductibility of dependent professional income for the Belgian debtor only applies when these expenses are reported to the Belgian tax authorities via a specific fiche. This reporting obligation applies not only to classic wages of 'employees' (sheet 281.10) and 'directors... ➤

Extension of energy aid for Flemish companies

Extension of energy aid for Flemish companies

July 2023 – Flemish companies faced with the consequences of the energy crisis could apply for financial support for the fourth quarter of 2022 until February 2023. At the end of February, the Flemish government announced an extension of this support, more specifically, until the first quarter of 2023. ➤

5 ways to cut your operating costs

5 ways to cut your operating costs

June 2023 – An economic crisis, unexpected financial setbacks, cut-throat competition... There are many reasons why you might want to cut costs in your SME. Below, we list a few possibilities. 1 - Save by optimising costs:
To make savings, you first need to know exactly what you are spending your money on. ➤

How to protect your SME from shocks and crises?

How to protect your SME from shocks and crises?

June 2023 – Any crisis can be the crisis too much for an SME. So it seems anyway. What can you do to protect your business from unexpected events such as the war in Ukraine, terrorist attacks in Brussels or the global health crisis? How shockproof is your business? Economic and financial shocks… ➤

Target group reduction first recruitments: reform measure on the way?

Target group reduction first recruitments: reform measure on the way?

June 2023 – With a target group reduction for first hires, the federal government supports you as an entrepreneur in bringing your first employees on board. In this article, we briefly refresh the basics of this measure. And how does the government intend to reform… ➤

Getting started in e-commerce: everything you need to know about drop-shipping

Getting started in e-commerce: everything you need to know about drop-shipping

May 2023 – Selling goods online without having to store them in a warehouse yourself: that is dropshipping in a nutshell. A miracle solution for those starting out in e-commerce, proponents claim. But is this really true? Dropshipping is a form of direct online… ➤

The right to de-connection for your employees: what do you need to know about it?

The right to de-connection for your employees: what do you need to know about it?

May 2023 – In 2022, the federal government concluded the much-discussed labour deal. One of the measures in this deal is the right of deconnection for employees. Since 1 April 2023, companies with at least 20 employees must put compulsory agreements on paper. ➤

New flat-rate amounts for foreign business trips since 15 February 2023

New flat-rate amounts for foreign business trips since 15 February 2023

May 2023 – A new list of flat-rate per diem allowances for foreign business trips was published in the Belgian Official Gazette on 15 February 2023. You can pay these new per diems tax-free to your employees for the expenses they incur during a foreign business trip. It is the first time in five years that… ➤