Entrepreneur: All you need to know about being self-employed in France
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Good chance to test your business idea out for a while
Simplified bookkeeping (so you don’t need to pay an accountant)
Quick to set up
Easy to close down or modify
Gives you access to healthcare in France
Fixed social charges – based on your earnings
Fixed reductions for income taxes
In order to keep the status there is a limit on your earnings
No reduction of running costs that you get with other business structures (important for businesses which buy materials or products, such as plumbers)
Difficult to get investments from banks
You are solely responsible for your business
Photo: Depositphotos
Ensure that you start adding the VAT to your invoicing from the first day of the month.
You should approach your local tax office as soon as possible in order to request a TVA number and this can also be done via email.
Make sure that this number is on all of your invoices
Activate your TVA account online in your professional space at impots.gouv.fr
Track the TVA invoiced using a correct invoicing system. Keep receipts if you wish to recuperate TVA paid.
If you pay your TVA yearly twice a year rather than on a monthly basis, you declare your earnings and TVA using the CERFA form (3517) and then you pay online in your professional tax space: 55 percent in July, half in 45 percent December of the following year.
Declare and pay your TVA online.
Photo: AFP
Article source: http://www.aljazeera.com/indepth/opinion/kenya-rerun-elections-171027052625931.html
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