February 2024 - Inventory management costs money. But those who are smart in the warehouse can reap commercial benefits from it. In Belgium, the cost of stock for the average SME is estimated at 15 to 20 per cent of the financial value of the stock. Yet, the stock is indispensable in many cases. For three reasons: Fast delivery increases your service. ➤
February 2024 - Whatever business you are in, at the end of the financial year, only one thing counts: the amount below the line. The financial management of your business, therefore, deserves full attention. An ERP system brings insight into your data and figures. The basis of sound financial management is up-to-date accounting. An ERP… ➤
February 2024 - The start of a new year always has a number of tax novelties in store. In 2024, too, you can expect a number of changes in corporate tax. Which changes should you take into account?
Statutory filing deadlines
As is its annual custom, the FPS Finance informs taxpayers of the tax... ➤
February 2024 - In 2024, you should consider some new HR measures for employers and employees. In this article, we list some of the critical changes.
Extension of date for presentation of purchasing power premium
Through the RD of 23 April 2023 on the purchasing power premium, well-performing companies can grant a one-off purchasing power premium… ➤
February 2024 - Until the tax year 2023, non-profit organisations, international not-for-profit organisations (NPOs) and private foundations were subject to a 0.17% tax on the value of their assets (albeit with an exemption of a first tranche of EUR 25,000 of assets). Since 1 January 2024, a reformed rate… ➤
January 2025 - For SMEs, 2024 was a tough year. According to the UNIZO SME Barometer, which recorded a negative score for the thirteenth quarter in a row, we closed with one of the worst results in a decade. Bankruptcies spike, entrepreneurs are pessimistic about the economy and profitability remains a major problem. The outlook for 2025… ➤
January 2025 - For business owners and their tax advisers, year-end is always another challenging and stressful period. This annual process requires precision and planning, but fortunately there are ways to make it more efficient. What are the key points of focus in this process? How can a practical checklist… ➤
January 2025 - The year 2025 will bring a series of changes on the VAT front. Deadlines, procedures and practicalities will all be updated. Wider deadline for quarterly returns. For businesses filing VAT returns quarterly, the deadline will be extended. From 2025, you will get until the 25th day of the month following the quarter to file and pay your return. ➤
January 2025 - From 1 January 2025, the discount on social security contributions for employers who keep employees aged 62 and over will disappear in Flanders. What Flemish tax breaks will be retained in the coming year, though? Target group discounts As an employer, you can benefit from various target group discounts, which reduce social… ➤
December 2024 - Artificial intelligence (AI) has long ceased to be a futuristic concept. Big companies like Google and Amazon have been using AI technology for years, but it also offers huge opportunities for SMEs. This article lists what AI can do for your business and how you can start using it. What can AI do for your SME? ➤
December 2024 - 1. Unfavourable business climate: It is no secret that the business climate in Belgium has become more difficult. Confidence among Belgian entrepreneurs has fallen in recent months, partly due to rising labour costs and uncertainties in international markets. This affects many sectors, from construction to manufacturing… ➤
December 2024 - Absenteeism in Belgium reached record levels in the first half of 2024, with a notable rise in absenteeism among young workers. Medium-term absenteeism (absences of one month to one year) rose by 8% and long-term absenteeism (longer than one year) by 7%. The biggest increase was seen among 25- to 34-year-olds… ➤
December 2024 - Should you hire new employees to meet the growing demands of your business, or is it wiser to invest in training your current team? Both options have benefits, but which is best for your business? 1. Recruiting can quickly provide the right expertise. If you need specific skills that your... ➤
December 2024 - With the introduction of the new Private Investigation Act, internal investigations into personnel are more strictly regulated. The law replaces the outdated Private Investigation Act of 1991. The new regulations - which are expected to come into force by the end of 2024 - apply to companies that want to investigate, for example, fraud… ➤
December 2024 - Invoice fraud affects countless individuals and businesses every year. With the rise of digital fraud, criminals are now also trying to digitally penetrate mailboxes or information systems, where they modify account numbers or create fake invoices. In invoice fraud, criminals intercept a real invoice - often from a mailbox… ➤
December 2024 - From 1 January 2025, the Belgian legislator is modernising the VAT declaration procedure and the collection of tax and non-tax debts. One of the biggest changes is the automatic monthly refund for all monthly declarants, who will no longer need a special licence. For quarterly filers, the filing deadline is extended to the 25th day of the... ➤
December 2024 - Since 1 November 2024, four new support zones have been introduced in Flanders to replace the existing ones, and the dislocated zone aid will be extended for a period of six years.
This support measure offers companies investing in these zones a significant reduction in their wage costs when… ➤
November 2024 - Public procurement offers entrepreneurs opportunities beyond the traditional market. From small SMEs to larger companies, every type of business can benefit from stable and often lucrative contracts. Here are some reasons why it can be beneficial to win public procurement contracts. Government contracts offer… ➤
November 2024 - As an entrepreneur, you naturally want to get the most out of your business without paying unnecessary taxes. Fortunately, there are several ways to get money out of your business in a tax-friendly way. Below are five tips to do this smartly and legally. One of the most common ways to… ➤
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