Dania Accounting Podcast

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/

Transfer Pricing rules in Denmark for 2023 01/18/2023

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 within 60 days upon request from the tax office. Transfer Pricing should now always be submitted 60 days after the tax return deadline when exceeding certain thresholds. You can read more here: https://www.daniaaccounting.com/slider/transfer-pricing-rules-in-denmark-for-2023/ /episode/index/show/daniaaccounting/id/25651542

Audit requirements in Denmark for annual reports in 2023 01/18/2023

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 assets. However, new audit rules will be introduced in 2023. You can read more here: https://www.daniaaccounting.com/slider/audit-requirements-in-denmark-for-annual-reports-in-2023/ /episode/index/show/daniaaccounting/id/25651311

Cash flow budget – and why having one matters for your business 12/01/2022

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 information to make adjustments accordingly. You can read more here: https://www.daniaaccounting.com/slider/cash-flow-budget-and-why-having-one-matters-for-your-business/ /episode/index/show/daniaaccounting/id/25186059

How can you reassume a company faced with a compulsory dissolution? 12/01/2022

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 possible to reassume a company faced with a compulsory dissolution when specific requirements are met. You can read more here: https://www.daniaaccounting.com/slider/how-can-you-reassume-a-company-faced-with-a-compulsory-dissolution/ /episode/index/show/daniaaccounting/id/25186053

How can a non-resident company pay a salary to an employee in Denmark? 11/09/2022

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 to our podcast and read more here: /episode/index/show/daniaaccounting/id/24953769

How do you distribute an extraordinary dividend in an ApS? 11/07/2022

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 annual general meeting. /episode/index/show/daniaaccounting/id/24926565

Price for incorporating a new ApS in Denmark 04/14/2022

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/ /episode/index/show/daniaaccounting/id/22793075

How to prepare minutes from your annual general meeting? 04/11/2022

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 meeting. You can read more about minutes on our website and also download a template for your minutes that can be used at the annual general meeting: https://www.daniaaccounting.com/slider/how-to-prepare-minutes-from-your-annual-general-meeting/ /episode/index/show/daniaaccounting/id/22750850

Can a consultant invoice through an ApS? – and why it can get VERY expensive in tax if you get it wrong! 02/21/2022

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. Read more here: https://www.daniaaccounting.com/slider/can-a-consultant-invoice-through-an-ltd-aps-and-why-it-can-get-very-expensive-in-tax-if-you-get-it-wrong/ #tax #consulting #smallbusiness #risk #accounting /episode/index/show/daniaaccounting/id/22200323

What is a holding company? 02/21/2022

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 cannot be a holding company. Usually, a holding company is not registered for VAT, and there is really no other activities than just managing the ownership of other companies. It is not relevant how many shares the holding company own in other companies in order to be considered a holding company but tax rules will differ greatly depending on how many shares a holding company owns. Read more here: #holding #ltd #denmark #aps /episode/index/show/daniaaccounting/id/22200293

Are you considering starting a sole proprietorship in Denmark? 02/21/2022

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 /episode/index/show/daniaaccounting/id/22200251

Can you benefit from using the business tax scheme in Denmark as a sole proprietor? 02/21/2022

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 from the business to your private bank account. Read more here: https://www.daniaaccounting.com/slider/business-tax-scheme-in-denmark/ #daniaaccounting #businesstaxscheme #tax #business #denmark /episode/index/show/daniaaccounting/id/22200230

Are you considering incorporating a new limited liability company in Denmark? 01/10/2022

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 /episode/index/show/daniaaccounting/id/21732803

Are you considering to close your ApS? 01/10/2022

Are you considering to close your ApS? There are 5 important types of closures: 1. Voluntary liquidation (decided by the shareholders); 2. Compulsory dissolution (ordered by the court); 3. Restructuring; 4. Bankruptcy (petition filed by the company or a creditor) and; 5. Liquidation using a statement from the shareholders (decided by the shareholders). You can learn more about closing your ApS on our blog: https://www.daniaaccounting.com/slider/how-to-close-aps/ #daniaaccounting #aps #close #dissolution #liquidation #restructuring #bankruptcy /episode/index/show/daniaaccounting/id/21732758

Why is shareholder loans in Denmark a really bad idea? 01/10/2022

Why is shareholder loans in Denmark a really bad idea? A loan issued to a shareholder who is a physical person and not a company will be double-taxed regardless of being legal or not. Yes, double-taxed! In reality, making shareholder loans a really bad idea! If you have received a shareholder loan by mistake and want to avoid being double-taxed, there is a way however, that can help repair the unfortunate shareholder loan. Read more here: https://www.daniaaccounting.com/slider/why-shareholder-loans-in-denmark-is-a-really-bad-idea/ #shareholderloan #loan /episode/index/show/daniaaccounting/id/21732731

What is the difference between being a freelancer, self-employed and an employee? 01/10/2022

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 legislation (e.g. not providing you with a proper employment contract, breach of the Danish holiday act, termination periods). Read more here: https://www.daniaaccounting.com/slider/freelancer-self-employed/ /episode/index/show/daniaaccounting/id/21732638

Tax for sole proprietors in Denmark - which of the 3 tax schemes should you choose? 12/30/2021

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: https://www.daniaaccounting.com/slider/tax_in_denmark_as_a_sole_proprietor_b-tax/ #daniaaccounting #tax #soleproprietor #denmark /episode/index/show/daniaaccounting/id/21632615

How to open a new bank account for your business 12/29/2021

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: https://www.daniaaccounting.com/slider/how-to-open-a-company-bank-account-denmark/ #bank #fintech #inspiration #entrepreneur #startup #bankaccount #bank #business /episode/index/show/daniaaccounting/id/21626240

Do you want to learn more about company income tax in Denmark? 12/29/2021

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 (2021). You can learn more about company income tax in our video here or read more on our website: https://www.daniaaccounting.com/slider/company-income-tax-dividend-dividend-tax-in-denmark/ #ApS #CompanyIncomeTax #CIT #Tax #Denmark #ltd /episode/index/show/daniaaccounting/id/21626123

How much is the dividend tax in Denmark when a dividend is distributed to the shareholders? 12/22/2021

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). Read more about dividend tax here: https://www.daniaaccounting.com/slider/company-income-tax-dividend-dividend-tax-in-denmark/ /episode/index/show/daniaaccounting/id/21574076

Dania Accounting Podcast

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