If you want to set up a business, there are a lot of things that come your way and that you need to arrange. Doing this correctly the first time will save you a lot of worries later on.

Register with Chamber of Commerce

First of all, you have to register your company with the Chamber of Commerce. This is the first step you have to take before you can start selling your products or services. The Chamber of Commerce will give you a Chamber of Commerce number with which your customers can check whether you are a real company.

Dutch Tax Authorities

The Chamber of Commerce will also register you directly with the Dutch Tax Authorities, where you have to submit your quarterly VAT returns. At the end of the year, you also have to declare your income tax. Hopefully, you will have to pay when submitting this declaration, as it means you have earned money for that year. Congratulations! Unfortunately, this does not usually happen automatically.

Setup your accounting

As a company, you need to keep a good financial administration. Read more on how you can manage a good financial administration using financial tools with Gekko. business records. Of course, this doesn't happen automatically, but using Gekko will make this very easy for you. Sign up for free with Gekko so you can get started today. Even if you are not yet registered with the Chamber of Commerce, you can possibly already create costs for your business.

Costs made before the start of your business

Did you already incur costs for your business before you were registered? If so, you may already be allowed to report these costs as business expenses. Read more on Costs made before you start to see what is possible for saving these costs.