When you start your company, you might have already made some costs. How do you deal with that?

If you want to set up a business, there are a lot of things that come your way and that you need to arrange. Start off correctly, to avoid worries later on.

If you are an entrepreneur, you have to register your business with the Netherlands Chamber of Commerce (KVK). You are an entrepreneur if you provide products or services for a paid fee.

The Small Business Administration (KOR) is a tax scheme in the Netherlands that exempts small businesses from paying VAT. By participating in the KOR, self-employed people can reduce their administrative burdens, but cannot deduct business costs.

If you want to set up a business, there are several things you need to think about. Such as registering your business, keeping track of expenses and hours incurred, and the first VAT return.