Financial Administration

Starting your business means that you have to set up a proper financial administration system. A set of binders and tab sheets along with six or seven paper trays will help you keep your papers in order and reduce the risk of losing any important documents. You may prefer to outsource your administration to an accountant or financial administration service but you will still need to keep a close eye on your figures. So spend enough time keeping abreast of your administration.

You can probably do your VAT return (value added tax) yourself although the annual income tax return is a little more complex. A bookkeeper or an accountant will cost you but can also save you money. The tax laws change on a regular basis so there is always the chance that you may lose sight of your possible tax deductions. Your financial administration must comply with legal requirements. Your accountant or the Chamber of Commerce can tell you more about this. An initial introductory session with an accountant is normally free of charge.

NovAA

The NOvAA is a body governed by public law, appointed by the government to represent the general interests of the AA profession and bound by law to ensure that the profession is practised properly.

Links to interesting websites

• Start your own business in the Netherlands
  • Orientation
  • Legal Structures
  • Laws and regulations
  • Accomodation
  • Organisation
  • Financial Administration
  • Finance
  • Taxation
  • Personnel
  • Finally: getting started
  • The Dutch Chamber of Commerce