Accounting for light entrepreneurs

Kevytyrittäjä ja kirjanpito

Accounting is one of the most daunting tasks for beginning entrepreneurs that requires great care and understanding of how things should be done. As a light entrepreneur, you do not need to worry about getting buried under endless paperwork and sending different kinds of notifications. Light entrepreneurs have different obligations compared to regular entrepreneurs. In …

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Light entrepreneur and VAT

VAT, or value added tax, is a tax on consumption that is included in nearly all products and services sold to consumers. Although businesses need to add VAT to their prices, they are eligible to deduct it from purchases they make. When it comes to light entrepreneurs, things are a bit different. To make things …

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Light vs small entrepreneurship

Small entrepreneurship is the most common form of entrepreneurship in Finland. Small businesses are more or less the backbone of Finland’s business sector as they account for 98 percent of the country’s businesses. However, a small entrepreneur has to regularly take on the challenges of bureaucracy and many other obligations. In this article, we’ll explain …

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Light entrepreneurship vs trade name

A trade name is the second most common company form in Finland, right after a limited company. When it comes to starting and doing business, operating under a trade name is notably lighter compared to other official company forms. Despite its lightness, a trade name is still an official company form that requires understanding accounting …

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Tax return & tax deductions: match made in heaven – tips for checking a light entrepreneur’s tax return

Veroilmoitus - mitä kevytyrittäjän on hyvä tietää

It is again that time of the year when pre-filled tax returns and reviewing them are just around the corner. As a light entrepreneur, to get all the possible benefits from tax deductions and make it easy for you to check your tax return, you should prepare beforehand and report information through MyTax well in …

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