Besides a recurring obligation, your tax return merely is an opportunity to utilize potential fiscal advantages for your business. Our specialists are there to maximize your advantage in income tax, corporate tax, VAT, income tax, dividend tax, inheritance tax or estate tax.
Our VAT-specialists can help you with anything concerning your VAT return, whether you declare monthly, quarterly or yearly. Their knowledge on VAT and its regulations helps you effortlessly declare your VAT return.
Declaring your income tax return is a relevant moment to optimize your fiscal position. As legislation is continuously changing, declaring your tax return can be quite complicated. We use our knowledge and experience to provide your business with tailor-made advice and support for all aspects of the income tax return. In the end, this can save your business a significant amount of money.
Almost any entrepreneur encounters corporate law on a daily basis. All your activities can have certain legal complications that can be of great impact on your business. A wrong decision can be disastrous. Smit & de Wolf helps with drafting and screening contracts. We think along and adapt to the continuously changing legislation. We’ve got you covered.
A proper financial planning helps you in both short- and long-term financial decision-making. With a financial planning by Smit & de Wolf, you get clear advice about possible impactful financial decisions. We take any wishes into account and answer questions about life events as selling your business, so you know what you’re up to before you have to make the decision.
When business is good, estate planning is your way to go: we lay out all possibilities to optimize your private financial situation based on the positive results of your venture. Starting with a clear overview of your financial situation, we see whether can use part of the profit for retirement savings, donations or a life insurance. With the right plan, we assure you and your family as much financial security as possible.
Marriage and passing away
At Smit & de Wolf we understand that impactful life events such as marriage or passing away are closely connected to your financial situation. As current Dutch legislation obliges so, we can assist with drafting prenuptial agreements to make sure the business side of the marriage will be taken care of properly. Also, a well-drafted will, can help out in case of unexpected death.
When starting a business, you need to choose what legal form suits best. What legal structure actually fits your needs? When deciding, you should keep in mind your starting situation, costs, and fiscal or legal consequences. Smit & de Wolf can help out with advice on which legal structure will work for your business. The most common structures are:
Most entrepreneurs start their business based on the principle of sole proprietorship. In this structure, there is no legal distinction between the owner and the business entity. The owner is in direct control and is legally accountable for the finances of the business, including loss or debt. Income tax is paid based on the profit of the business, there are multiple fiscal advantages and the costs of sole proprietorship are relatively low.
A general partnership can be seen as sole proprietorship, with multiple owners. This is a common legal structure when cooperating with someone on a business. Together, you are responsible for debts or losses, including those caused by your partner. To ensure clear agreements on for example input, responsibilities and profit, most general partnerships are recorded in an instrument of incorporation; to save you trouble in case of any friction.
Private limited liability company (bv)
In a private limited liability company, you are not privately responsible for any debts or losses made by the business. The shareholders of the company own the business; a managing director runs the company.
At Smit & de Wolf we can help you with choosing the right legal structure for your business. We have plenty of experience with legal structure; we’re entrepreneurs ourselves too.