Three professions, three jobs
- The bookkeeper does the monthly work. The bookkeeper records invoices, matches payouts and files the value-added tax (VAT) return. This is the person you work with every month, and most of your costs go here.
- The accountant prepares the annual accounts, which the directors sign, and files the Dutch corporate income tax (VPB) return. This is yearly work with a yearly fee.
- The tax specialist answers questions about your structure. Examples are the level of your salary, a holding above the operating company, royalties from other countries and the sale of the business. You pay this specialist by the hour, a few times, at the highest hourly rate of the three.
A creator with one company usually needs the bookkeeper all year, the accountant once a year and the tax specialist a few times.
What you supply
The fee depends most on how well you hand over your records. Send the payout statements for each income stream every month. Use one business account only for business payments. Take a photo of each receipt in the same week, and add a short note about anything unusual. With these records, the bookkeeper works quickly. If they are missing, someone has to rebuild a year from bank lines, and that costs more.
See banking in Amsterdam for how to set this up. See the deductions list for what counts as a business cost.
What it costs
For a creator with one company, monthly bookkeeping costs more with more income streams, currencies and staff. The annual accounts and the corporate tax return usually have a separate price. Ask for both prices in one written quote, with the returns that are included. Also ask how the fee changes when you add a second company.
Warning signs
- A quote given before anyone has seen a payout statement.
- Reluctance to put the fee and its scope in writing.
- Vagueness about cross-border VAT or foreign withholding, which are ordinary in creator files.
- Silence for a quarter, followed by a rush in the filing month.
How we help
We design and coordinate the structure, such as the salary, the holding and the international questions. Your bookkeeper keeps the monthly books, usually at a lower cost and with more direct contact. See your first year of Dutch taxes for the calendar of your first year. See the glossary for definitions.