The Accounts Blog

Tax-deductible and not tax-deductible

We accountants often use the expressions “tax-deductible” and “non-deductible”. Sometimes “tax-free” and “taxable” as well. But what do these words really mean? Deductible and non-deductible costs Let’s start at the beginning: every year a company pays income tax on its taxable...

Choosing company type

(Update 2022-11-24 with tax figures for 2023) One of the most frequent questions we get from aspiring business owners is what company entity or company type to choose. Here are some aspects of and differences between the most common company...