Managing your finances as a freelancer in the Netherlands

 

Managing your finances as a freelancer in the Netherlands

This article was originally published on expatica.com

Find out about managing your finances as a freelancer in the Netherlands with this guide that includes accounting, tax planning, and more.

The Netherlands has the fifth highest rate of freelancers and self-employed workers in the European Union, with 16.7% of the population working for themselves. But although self-employment is popular, many run into difficulties when it comes to dealing with their finances. HBK Tax Advisors, Accountants, Tax Consultants specializes in expat financial planning, offer a few essential tips on managing your finances as a freelancer in the Netherlands.

Starting off on the right foot

Good financial planning is crucial to any business or entrepreneurial operation, no matter who or where you are. You can have the greatest product or skill in the world, but mismanage your money and it’s likely you won’t last long. Unlike regular employment, self-employment doesn’t involve a steady wage landing in your account every month, so you need to be organized to keep things ticking over. Recent studies have found that running out of cash is the second most common cause of new business failing (after a lack of market for the product or service).

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