Tax report

An annual report prepared under the Danish Financial Statements Act (årsregnskabsloven) is an effective instrument for management, owners, and lenders to assess a business’s performance and financial position. It is subject to a number of statutory requirements, designed to present a true and fair view. In addition, separate tax specifications must be prepared.

A tax account, however, is intended for businesses with less complex operations, where such extensive reporting is unnecessary. The purpose of the tax account is to calculate and optimise taxable income. It typically also involves profit allocation under the Danish Business Taxation Scheme and an assessment of whether alternative taxation models might be more advantageous.

A tax-adjusted set of accounts with tax optimisation is often the right choice for a sole proprietorship.

A tax account prepared by PrivatRevision focuses specifically on the tax aspects of your accounts. We prepare statements and specifications and handle reporting obligations. This is generally more cost-effective than producing a full annual report that includes tax accounts, and for most businesses, it is also more optimal than an annual report without a dedicated tax component focused on optimisation.

We offer tax statements for personally owned businesses, such as those engaged in consultancy, therapy, advisory services, leasing or trading in real estate or securities.

For limited liability companies (ApS or A/S), an annual report is required, and a standalone tax statement is not sufficient.

Please feel free to contact us for an offer on a tax account tailored to your business or activities.

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