Bookkeeping for your VOF. Running a business together, sorted together.
As partners, you already have enough on your plate. SMG Administratie takes care of the complete administration of your VOF, from profit distribution to the income tax return for both partners. Fixed monthly fee, personal contact.
Personal contact
What is a VOF, and what do we take care of for you?
The Vennootschap onder Firma (general partnership) is the most popular legal structure for entrepreneurs starting a business together. We guide VOFs every day and know the tax points that need attention.
A VOF is a form of collaboration in which two or more people run a business together. Each partner contributes something, such as money, expertise or labour, and shares in the profit and the risk. The VOF is registered with the Chamber of Commerce (Kamer van Koophandel).
Important to know: each partner is personally liable for the debts of the VOF, including with their private assets. The profit is divided between the partners and each is taxed individually through income tax. Partners who meet the hours criterion can therefore also qualify for tax benefits such as the self-employed tax deduction.
We record the profit distribution correctly and make sure both partners file their income tax returns on time and accurately. Would you like to know whether a VOF is the right choice for your situation? We're happy to advise you.
What we take care of for your VOF
What does an accountant do for your VOF?
As an accountant for VOFs across the Netherlands, we take the complete administration off your hands, so you and your partner can fully focus on running your business.
Profit distribution
We process the agreed profit distribution correctly in the bookkeeping and make sure it is accounted for correctly for tax purposes for both partners.
Income tax return for both partners
Each partner files an income tax return on their share. We take care of both returns, in full and on time.
VAT return
We file your VAT return, usually quarterly (this can be monthly with higher turnover). You don't have to think about anything, we keep track of the deadlines.
Annual accounts and balance sheet
At the end of the year you receive complete annual accounts with a balance sheet and profit-and-loss statement. Clear and well organised.
Personal point of contact
One fixed contact person for you and your partner. Reachable by phone, email or WhatsApp. No queues, no call centre.
Switching handled completely
Already have a different accountant? We handle the switch for you. You don't need to do anything yourself, we contact your previous firm.
Fixed monthly fee, no surprises
We always work with a fixed monthly rate for your VOF administration. You know exactly what you pay in advance.
How we take care of the bookkeeping for your VOF
Whether you've just started as a VOF or have been running your business for years: we handle the entire switch from your current accountant for you.
Free introductory call
We get to know your situation and that of your partner. That way we can advise you on the best approach for your VOF. No standard solution, but tailored to you.
We handle the switch
Already have an accountant? We get in touch and arrange the full handover. You and your partner don't need to do anything yourselves.
Setting up your administration
We set up your bookkeeping for your VOF, configure the profit distribution and link your bank account so everything is ready right away.
You upload, we process
Take a photo of your receipt or invoice via the app. We process everything and always keep the administration up to date for both partners.
Returns and annual documents
VAT return, income tax return for both partners, annual accounts. We make sure everything reaches the Belastingdienst on time and correctly.
Questions about bookkeeping for a VOF
How do you process the profit distribution between the partners?
Are both partners jointly and severally liable?
Can one of the partners leave without dissolving the VOF?
Ready to get started?
Book a free, no-obligation introductory call. You'll have an appointment in no time.
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