Business Lessons in Denmark Cool Accounts ApS

Will leasing solve Rezső’s car problem? 🚗
In our latest episode, we explore the options available to you if you decide to lease a car and how it can benefit your business 🚀 💼.

🚀 Content:
00:00 - Intro
00:20 - Introduction
01:20 - Car leasing options for business owners
01:51 - Financing lease vs. operational lease
03:56 - Advantages and disadvantages
04:46 - Licence plates: white, yellow, parrot
05:20 - Accounting
08:25 - Closing remarks

Key takeaways:
📌 Car leasing is available for business owners.
📌 There are two types of leasing: financing and operational.
📌 Financing lease: pay monthly, buy at the end.
📌 Operational lease: lower fees, return the car.
📌 White plate: lease fee not deductible as expense.
📌 Parrot plate: one-third of lease fee’s VAT is deductible.
📌 Yellow plate: full cost and VAT is deductible.

▶️ Check out our previous episodes if you’re planning to buy a car:
https://www.youtube.com/watch?v=4bGD_iEW9co
https://www.youtube.com/watch?v=f148Q1z_TFU
https://www.youtube.com/watch?v=qyYvDeuWSAE
https://www.youtube.com/watch?v=9KKWnfhHmHs
https://www.youtube.com/watch?v=Gfky8wx3vhQ

🦉 Cool Accounts ApS
Get the most out of your business!
Leave the bookkeeping and tax matters to a specialist!
https://accounts.cool/en/

Rezső still doesn't have a car, so he misses out on part of his tax benefits. 💸

Luckily, nothing is lost, because he can use the transport deduction to reduce his taxes! 🚗 🚌 🚴‍♂️ 

In this episode, you will find out how to claim this benefit, which means of transport it covers and what conditions you need to meet. ✅

Join us and find out how you can save thousands of krones a year! 💰 



🚀 Content:

00:00 - Intro

00:27 - Greetings

02:08 - What is the transport deduction?

02:27 - Conditions and how to claim the benefit

04:54 - Travel to work and means of transport

06:14 - Travelling from your holiday home and detours

09:19 - Deduction amounts and bridge tolls

10:32 - Using your own car for business

12:09 - Conclusion/Closure



Main takeaways for this episode: 

📌 Transport deduction: you are eligible if you have to travel more than 24 km a day for work.

📌 Conditions for claiming: more than 12 km between work and home (24 km round trip).

📌 Means of transport: any means of transport (car, bike, on foot, etc.).

📌 Travel from your holiday home: the distance cannot be longer than the distance from your home.

📌 Discount amounts: in 2024, 24-120 km 2.23 kr/km, over 120 km 1.12 kr/km.

📌 Only one type of deduction per route.



🌐 Links to the episode:

https://www.youtube.com/watch?v=4bGD_iEW9co

https://www.youtube.com/watch?v=f148Q1z_TFU

https://www.youtube.com/watch?v=qyYvDeuWSAE

https://www.youtube.com/watch?v=9KKWnfhHmHs



🦉 Cool Accounts ApS

Get the most out of your business!

Leave the bookkeeping and tax matters to a specialist!

https://accounts.cool/en/

Rezső's car adventures continue! 🚗 📸

In our new episode, we explore the pros and cons of the parrot-plate, and help Rezső make his decision. Will the parrot-licence-plate be the winner? 🦜

Join us for a humour-filled discussion and find out why this might be the best choice when buying a car! 🚚

🚀 Topics:
00:00 Intro
00:27 Greetings
01:30 Introduction of the parrot-plate
02:35 Advantages in more detail
06:09 Disadvantages and other factors
06:59 Main advantage: Lower registration fee
07:40 Can it have rear seats?
07:55 Closing remarks

🚚 Main takeaways for this episode:
1. Flexible Use: The parrot license plate car can be used for both business and personal purposes.
2. VAT Deduction: Operating costs VAT can be deducted.
3. Extra Costs: A private use tax must be paid, and a logbook must be kept.
4. Registration Fee: Lower registration fee compared to cars with white license plates.
5. Rear Seats: Parrot license plate cars cannot have rear seats.

🌐 Links to the episode:
https://motorst.dk/erhverv/gule-plader-og-papegoejeplader

🦉 Cool Accounts ApS
Get the most out of your business.
Leave the bookkeeping and tax matters to a specialist.
https://accounts.cool/en/

Rezsö is receiving more and more orders, so he really needs that car for his photography business. 📸


However, he still hasn't been able to decide what license plate the new car should have: white, yellow, or parrot? 🤍💛🦜


In this podcast episode, we are discussing yellow-license-plate cars, hoping to help Rezsö - and you too, dear business owner, if you're about to buy a car.




🚀 Topics:


00:00 intro


00:28 welcome


00:58 Rezsö`s problem


01:19 yellow-license-plate cars


01:53 private use


02:33 other requirements for these cars


02:53 going to work


03:43 special vehicles


04:48 keeping a kilometre log


07:22 no private cargo or passengers


07:58 converting to parrot plates


08:48 question from a listener


09:51 transfering money from the business account


10:32 podcast is off on Whit Monday




🚚 Main takeaways for this episode:


1. Company cars are cost effective.


2. Private use is limited to 20 days a year.


3. Rules for specialized vehicles are a bit more lenient.




🌐 Links to the episode:
https://dinero.dk/tips/regler-gulpladebil/




🦉 Cool Accounts ApS


Get the most out of your business.


Leave the bookkeeping and tax matters to a specialist.
https://accounts.cool/en/

Do you use your own car for your business? 🚗
In our latest podcast episode, we discuss what you need to know about this.
We'll cover topics such as:
- How can you claim tax deductions for car expenses? 🔧
- How much tax deduction can you claim? 💶
- What qualifies as a business trip? 💼
- What does the 60-day rule mean? 6️⃣0️⃣
More information: https://info.skat.dk/data.aspx?oid=2083502
https://dinero.dk/tips/60-dages-reglen-enkeltmandsvirksomheder/
Contact: www.accounts.cool

Many business owners consider buying a car, either because it's necessary for work or because it boosts efficiency. But before purchasing one, it's essential to consider your specific needs. In today's episode, we explore the various options.

More information: https://skat.dk/erhverv/moms/fradrag-for-moms/fradrag-for-moms-af-biludgifter

Contact: www.accounts.cool