Toiminimi. Income tax calculation scenario

[animist]

It was a good idea having this accountant.

Certainly you could delegate accounting to him/her in future as well. I wonder what does he/she say about existence of corporate tax and net assets in case of toiminimi?

[Rosamunda]

- If the car does not belong to the company (In this case OY) then one cant claim gas but instead he can calculate his journeys with KM. ( I think the tax office has some info).

http://tax.fi/en-US/Precise_information ... nes(19315)
It is 45 cents but that is about to change too. Downwards.

mm, Said that i will be heavily taxed and profit wise is better to have the OY once the turnover reaches 30k.

The 45 cents/km you can claim for business-related travel is tax free.

OK, so the 30K€ is a tax optimisation threshold. When I went on the Entreprise Finland the trainer said it was impossible to calculate the exact threshold (circular error in the formula) but IIRC he did say "roughly" 30K.

But, you need to think about stuff like pensions and unemployment benefits too. Even with a TMI you can still take out unemployment insurance. See p38 in the Masuuni booklet.