News

Growth is an important part of a company's development. Without growth, there is a risk that the company will lose both competitiveness and value in the long run. At the same time, growth needs to take place in a well-thought-out and controlled manner, so that it contributes to profitability and stable liquidity

Your YEL income is determined by your pension insurance provider and should reflect the value of your work contribution to the business. In practice, it should correspond to the salary that would reasonably be paid to someone with similar skills and experience performing the same work.

In mid-June, the Government submitted a legislative proposal to Parliament containing several tax changes that, if adopted, will affect the taxation of many Finnish taxpayers.

How's your business really doing? Do you know how profitable your company is, what development opportunities exist, and what your business is worth today? Book your Company Health Check!

The EU’s Pay Transparency Directive aims to promote equal pay for women and men and to reduce unjustified pay differences. The directive introduces new information rights for employees.

For entrepreneurs, regardless of the form of business, it is important to take advantage of the opportunities for tax-exempt travel allowances. Travel allowances for business trips can be tax-free for the recipient and deductible for the employer.

Several changes to taxation are on the horizon. We recommend reviewing your processes and systems to ensure that both current and upcoming adjustments do not create any complications.

New VAT rules affecting small businesses will come into force as of 1 January 2025. The new VAT Act might open a new opportunity for Finnish SMEs selling to other EU countries to utilize VAT relief in other EU member states.

The general VAT rate rises to 25.5% starting 1 September 2024. The guidance may be useful, at least for individuals managing the company's sales, invoicing, and contracts.