New business owners or corporate tax payers must pay tax on projected profit to the authorities. Tax rates and the way of reporting vary in relation to which form of organisation and sector you have chosen.

It’s not always easy to know which accounting system you and your business ought to choose, how it differs from other systems, and how to integrate it with other systems the company uses. To follow is an article on the difference between traditional and cloud-based accounting systems, why the majority opt for moving their accounts to the cloud, and what opportunities advanced cloud-based solutions can offer. Are interaction, simplification, user-friendliness and benefits in the form of enhanced efficiency important to you?

VAT is a tax collected by the state on sales of goods and services. VAT is added to the value of the goods or services at every level of production or distribution. There is differentiation between ingoing and outgoing VAT. The company calculates outgoing VAT on sales, and can deduct ingoing VAT on its acquisitions if it is VAT-registered. In principle, all sales of goods and services are VAT-applicable. But there are also sales that are exempted according to the law. Some businesses can therefore work inside and outside VAT coverage. They will have to accommodate the different procedures for VAT for buying and selling, which means that they do not get the full deduction on their purchases.

When 100 employees have to learn a new way of working, there are always one or two who are reluctant, and want to go back to the old ways. And when such changes take place in the middle of a pandemic, things do not get any easier. But when Stema switched to using Tripletex as accounting system, everyone found there was an immediate improvement.

We have two Project Managers and a System Consultant at Tandem, all dedicatedly working on different system-related projects. We have experience of all sizes of projects, and work with companies from small, to medium-sized and large.

Anyone running a company or business has to keep a set of accounts according to Norwegian law and regulations. Figures from the accounts are submitted to the authorities, provide the basis for calculating taxes and duties, and the accounts are also a means of evaluating the financial status of the business.

Tandem is a company that has continuously built up its skills since it was founded in 1988. Since its establishment, the company has expanded cautiously through unbroken organic growth by means of new hires as and when new clients have joined us. Tandem became a 100% owned company within the OBOS group in 2016. Under the ownership of OBOS, Tandem’s ambitions increased in recognition of an exciting time ahead, in an industry going through change. Tandem is a centre of expertise and a service provider in the areas of accountancy, payroll and financial advice. Through the use of competitive technology, efficient interaction and profitable advice, Tandem’s clients achieve better profitability.  Tandem is big enough to handle complex jobs, yet small enough to be able to provide personal service to our customers. We believe in consistently increasing our skills in the field of accounting, assisting our customers in areas such as technology and systems, project management, consultancy on running their business, HR and personnel, along with tax and duties. We also work closely with a law firm whenever legal assistance is needed.  Our customer base consists of customers from a number of industry sectors, primarily in Greater Oslo. But we do also have a number of international customers, often with a Norwegian division.

A new business model, new objectives, new reports, new accounting system, new accountant, everything came together according to Business Analyze founder Einar Gynnild.

When buying a new, high quality dress, the most natural thing to do is to go to a high street store. But on 12 March 2020, most stores all over the country closed, and all the occasions when a dress may have been needed were cancelled, all because of Covid-19. This came as a shock to many, especially the CEO of Menswear, Tore Nergård, who was also aware that drastic action was needed.

Taxation of foreign companies and employees is a subject area that can be both complicated and time-consuming to become familiarised with. Especially when there are ongoing changes to laws and regulations related to reporting that one must deal with.