World Business Advices

Archive for the ‘Finance’ Category

The Administration of Fiscal Affairs (AFZ) is the coordinating entity. This includes: international relations, the preparation of legislation and the coordination of legal and regulatory provisions, and an anti-fraud Committee (AFC). The Administration and the Corporate Income Tax (Aoife) has for years advocated the merging of the control of direct taxes and VAT.

The Administration of the Cadastre, Registration and (AKRED) is the result of a merger. The Administration of Customs and Excise will stay as it was in 1992 but its work had been moved from the border to the interior. This now includes all checks on behalf of the VAT, taxes, refunds of EU agriculture, drug, prohibited weapons, counterfeiting and other illicit products, including the license or registration, insurance and inspection of vehicles.

The Administration of the Collection is perhaps the most ambitious project, stemming from the intention to create a single “cash” or a single “account” for all taxes. The figures to notices, prosecutions and precautionary measures are impressive, but the figures of the taxes unpaid or overdue even more than 10 billion euros in direct taxes and another more than 10 billion euros in taxes.

The FPS Finance started life as the Ministry of Finance in the establishment of Belgium in 1830 as one of the five ministries. This ministry was responsible for tax, treasury and budget.

Traditionally knew the tax classification for the type of tax:

• Direct taxes by some 200 offices and receive about 500 inspection offices
• VAT, registration and domains, with some 40 VAT offices and receive a 250-tal tax control offices, a record number of 250 branches and some 50 hypotheekbewaringen
• Kadaster with a 180-tal control offices
• Customs and Excise with some 60 offices and receive a 80-tal control offices

In a number of reforms in the 90s of the 20th century, the traditional organization of the tax overturned. The following tax services came from it:

* Administration of the Fiscal Affairs
* The administration of the Corporate Income Tax and
* The administration of the Cadastre, Registration and
* Administration of the Customs and Excise
* The administration of the Recovery
* The administration of the Special Tax Inspection

Do you know that it’s a tough and difficult? you have a brilliant business idea and do not get money anywhere to put it into practice. So we said in a previous post that an idea was not enough to build a business. (See Even if you do not believe it: an idea is not everything)

In addition to this brilliant idea that makes your heart beat like crazy, you need major or minor scale, raise money for the start-up. No matter how innovative is the idea, you do not pass the gate without funding.

Bootstrapping

This means using every resource to have on hand to help you take your business to the next level. Most businesses start out with money provided by the owners themselves, their savings and home equity loans, many also use plastic money (yes, credit cards)

In fact, many start-ups are supported by the TDC. So much so that Google founders Larry Page and Sergey Brin, fully funded their efforts through the use of its TDC. At this point, be very careful, because if you accumulate a huge debt and damages its risk rating, to obtain further funding will be very difficult.

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Financing alternatives for businesses in parts one and two
For companies in the first and second stages, or for business owners in the third and fourth stages with weak credit histories, loans from alternative sources such as micro-finance agencies can be more accessible. For example, in ACCION USA credit history and the lifetime of the company are not the only factors considered when evaluating loan applications, also takes into account the nature of the applicant.

Financing alternatives for companies in stages three and four
For employers in stages three and four who have a solid credit history, financing from a bank or a traditional loan may be more economical. Apply at banks where you have a previously established relationship. If you do not have an established relationship with a bank, you can ask an accountant or attorney with experience if it can connect to a bank on your behalf to submit a proposal.

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