Doing your BV's bookkeeping yourself or outsourcing it?

You are allowed to do your BV's bookkeeping yourself. An accountant is not mandatory, and micro and small BVs do not need an auditor either. Most DGAs manage the day-to-day bookkeeping with good software. The harder parts are the annual accounts in SBR format, corporate income tax and payroll. That is why many DGAs choose to book themselves with a professional checking.

What you have to arrange either way

Even if you do everything yourself, the same obligations apply: records kept for 7 years, VAT returns, a monthly payroll tax return for your DGA salary, a corporate income tax return and annual accounts filed with the KvK on time. As director you are personally responsible for these.

Three routes

Where it often goes wrong

• Private expenses and the current account mixed up, so the balance sheet doesn't add up
• No customary salary, or one that is too low, for the DGA
• Annual accounts not in SBR format, or filed too late
• Paying dividend without a distribution test or resolution
• Deducting VAT on the costs of a holding without its own activities
• Depreciation, provisions and a taxable profit that differs from the commercial profit

When doing it yourself works

Doing it yourself can work if your BV is micro, has few transactions, no staff besides the DGA and no holding structure. You do need accounting software that can produce the VAT return, the corporate income tax report and SBR annual accounts. Expect a few hours a month and a few days for the year-end.

The middle route: Review

With our Review package you book in Jortt Plus yourself. We check your records and take care of the VAT returns, the annual accounts, the KvK filing and the corporate income tax return. You keep the overview and costs down, and the risky year-end work sits with a professional.