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Tax benefits small business owners don’t want to miss

Author
Dennis

Tax rules might not be the most exciting part of running a business, but they can make a big difference in your bottom line. Fortunately, there are attractive tax benefits available specifically for small business owners.

Self-employed deduction (zelfstandigenaftrek)

This is the key tax benefit for entrepreneurs who work a lot. Do you spend at least 1,225 hours a year on your business? Then, you can deduct a substantial amount from your profit, which means you pay less tax.

Start-up deduction (startersaftrek)

Just getting started? Great! Starters are entitled to an additional tax benefit. You can claim the start-up deduction on top of the self-employed deduction, up to three times in your first five years of business. This helps you keep more money to reinvest in your company.

SME profit exemption (MKB-winstvrijstelling)

This benefit applies automatically to all entrepreneurs in small and medium-sized businesses. After applying the self-employed deduction, you can deduct a percentage of your remaining profit, lowering your tax burden and giving you more room to grow.

Small-scale investment deduction (kleinschaligheidsinvesteringsaftrek or KIA)

If you invest in business assets like computers, machinery, or inventory, you may be eligible for the KIA. The amount depends on your total annual investments. Plan your purchases wisely to make the most of this attractive deduction.

Innovation box

Are you an entrepreneur with innovative ideas who is developing new products or services? Then, instead of the regular rate, you pay only 9% tax on profits related to these innovations. This is perfect for creative and forward-thinking business owners.

How to make the most of these benefits

Make sure your administration is always neat and up to date. Track your hours carefully, plan your investments, and stay informed about current tax rules.

Want to be sure your significant financial matters are entirely in order? Call, email, or drop by—we’re happy to help. Tax rules may be complex, but you don’t need to worry about them. We’ll make sure your records are accurate, your returns are spotless, and you don’t miss out on any tax advantages.