The following statements are required for VAT purposes on invoices: date of issue; a specific number; where necessary, the VAT identification number of the taxable person and his customer; full name and address of the taxable person and his... Read More

  Period of retention of documents   Private individuals   For private individuals the law does not officially state how long the administration should be kept. So it is not determined how long for example pay slips and bank statements... Read More

Depreciation   Depreciation is the process of allocating the depreciable cost of a long-lived asset, except for land which is never depreciated, to expense over the asset's estimated service life. Depreciable cost includes all costs... Read More

  Expenses in the research phase of your business It may be that you are thinking about starting your own business. You are doing some market research and you are already buying some equipment.   Save all the receipts and invoices you... Read More

You are obliged by law to record anything with financial implications for your business in a systematic administration. It is also important for yourself to keep a proper financial administration. It gives you a wealth of business information and... Read More