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Overview deductions
Overview deductions One of the most common questions we get from people who have just started a business is what can be deducted in the business. In general, you can say that you have the right to deduct all costs that your business needs to incur in order to generate its income, directly or indirectly. […]
CEO & Founder, Lilla Ekonomibyrån
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- Leo Colleen
Since founding Lilla Ekonomibyrån in 2013, Leo has helped hundreds of small business owners with their accounting, authored numerous guides, and held appreciated lectures and workshops for both clients and colleagues. He has also won several prizes and awards for his entrepreneurship and non-profit commitments.
Written by
- Leo Colleen
ffffSince founding Lilla Ekonomibyrån in 2013, Leo has helped hundreds of small business owners with their accounting, authored numerous guides, and held appreciated lectures and workshops for both clients and colleagues. He has also won several prizes and awards for his entrepreneurship and non-profit commitments.
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Introduction Depreciation is a crucial concept for small businesses, impacting financial reporting and tax calculations. This guide demystifies depreciation, explaining its importance in layman’s terms, especially under the K2 accounting framework commonly used by smaller
- Leo Colleen
CEO & Founder, Lilla Ekonomibyrån
Parking fines are issued to the person who drove the car and not to the company that owns the car. So, if a parking fine is issued, it is not the company but the person
- Leo Colleen
CEO & Founder, Lilla Ekonomibyrån
Introduction Accrual is a fundamental accounting principle crucial for small businesses. This page introduces the concept of accruals, their purpose, and significance for small businesses, especially under the K2 framework. What are Accruals? Accrual involves
- Leo Colleen
CEO & Founder, Lilla Ekonomibyrån