Business taxation in a nutshell
How a business owner is taxed depends on the type of business. Prepayments of tax and good planning prevent unpleasant surprises.
You will need
- MyTax (OmaVero)
- Bookkeeping
Steps
Know your business form
A sole trader's (toiminimi) profit is taxed as the owner's income; a limited company (osakeyhtiö) pays corporate income tax.
Apply for prepayments
Adjust your prepayments
Deduct your expenses
Handle VAT
File your tax return
Set aside money for taxes
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