Light entrepreneur's guide and terminology

Explanation

The user of the invoicing service. A person invoices their work without their own business ID through an invoicing service. Also misspelled is light entrepreneur.

A company that offers light entrepreneurs the opportunity to invoice using the business ID of the service and pay the employee a salary.

A salary that is paid before the invoice is paid.

A bank transfer can be made as a quick payment that ensures that the wages arrive to the account on the same day.

The assignment agreement is made between the employee and the customer. It is advisable to make the agreement in writing, for example by e-mail. It is a good idea to agree with the customer at least on the price, the content of the work and the schedule.

The registration certificate proves that the light entrepreneur works through the invoicing service in question. In general, a certificate that is less than six months old is sufficient if the light entrepreneur's invoicing service is to prove that the insurances are valid.

Value added tax, abbreviated as VAT, is a tax imposed and charged by the State which is imposed on the service or product to be invoiced. VAT is added to the invoiced amount and is usually 24%. The invoicing service will pay this tax to the state for you.

The pension of a light entrepreneur and an entrepreneur is paid as a pension insurance for the self-employed, abbreviated as YEL. YEL is mandatory if your invoicing accrual exceeds certain limits.

Business name entrepreneur or business name is a lighter form of enterprise from an actual company. The business name entrepreneur has their own business ID and, unlike an actual company, the person is personally responsible for all activities under the business name.

A tax card is needed to pay your salary. It shows your tax rate, which is deducted from your gross salary.

Travel allowances, per diem allowances and meal allowances can be paid as tax-free expenses when paying the wages of the invoicing service. As work contract costs, you can deduct the service fee and any YEL fee in your own taxation.

Travel allowance can be paid tax-free when paying wages, if it is also on the invoice. Otherwise, the deduction can be made in your own taxation.

The per diem allowance can be paid tax-free when the wages are paid, if it is also on the invoice. Otherwise, the deduction can be made in your own taxation.

The meal allowance can be paid tax-free in connection with the payment of wages, if it is also on the invoice. Otherwise, the deduction can be made for your own taxation.

The invoicing service will pay a contribution from your salary in accordance with the Health Insurance Act. The health insurance contribution will be deducted from your gross salary.

As a light entrepreneur, you usually need the same insurance policies as an entrepreneur. These include, for example, liability insurance, accident insurance, self-employed person's pension insurance.

As a light entrepreneur, you usually need the same insurance policies as an entrepreneur. These include, for example, liability insurance, accident insurance, self-employed person's pension insurance.

In the event of an accident, medical visits and other treatment-related expenses are reimbursed from the accident insurance.

Trump card ID card, which is usually required at the site. You can order a trump card through customer service.

Reverse charge VAT means that the buyer is responsible for paying the tax. This is common in construction. In this case, the work, which is, for example, VAT 24% is charged to the buyer without tax and the buyer is responsible for paying the tax.

The Luotettava kumppani report is the fastest way to ensure that the company has met the requirements of the Act on Contractor Liability. On construction sites, the fulfilment of the Act on Contractor Liability is often checked before work begins.

The tax debt certificate proves that the company has paid its taxes properly and has fulfilled its social responsibilities.