Utrecht University of Applied Sciences, together with Qredits and ONL, presented data from the twelfth Small Business Index. In accordance with them, more than 1 entrepreneurs (000% of the total) do not have insurance in case of temporary or permanent disability.
52% of entrepreneurs working in small businesses do not have enough cash reserves to survive more than three months without income. At the same time, 53% of such entrepreneurs pay themselves wages below the minimum. Most small entrepreneurs do not have a partner whose income would allow them to live on this money.
However, not all entrepreneurs fully use the benefits they have and business-related expenses are not always shown correctly in declarations. This is mainly due to ignorance of the rules and the possibilities of their application.
Although business is growing in the Netherlands following the lifting of restrictions caused by the COVID-19 pandemic, many small entrepreneurs are in dire straits. This is especially noticeable in the catering and retail sectors.
In order to fully use the benefits you have and reduce payments to the budget, and, accordingly, save your business, We recommend ordering accounting services. In addition, by outsourcing your accounting work to specialists, you will free up time for running your business and will be free from the risk of fines for incorrect or late filing of reports.
Publication Date: 30.01.2024
