Course for those who have started, or are about to start, a private limited company

• Establishing an enterprise
• Official sources of information
• Obligation to report - private limited company
• Advance tax - private limited company
• Tax deductions - private limited company
• How to treat income
• Bookkeeping, accounting and auditing
• Taxable transactions between a company and its shareholders
• Private limited company with employees
• Value Added Tax (VAT) – the Act and the system
• Value Added Tax (VAT) – Registration in the Value Added Tax Register
• Value Added Tax (VAT) – filling in and submitting the VAT return

In this part of the course, we’ll give you a short introduction to establishing an enterprise.

We’ll explain how an enterprise is defined and a bit about the differences between a sole proprietorship and a private limited company etc.

In this part of the course, you’ll be shown how to find relevant information.

The most important sites to know are skatteetaten.no, altinn.no and Brønnøysundregistrene brreg.no

In this part of the course, you’ll be introduced to the reporting and submission obligations private limited companies have, and where you can find further information.

In this part of the course, we’ll explain what advance tax for a private limited company is, where you apply for advance tax and how to make payments.

In this part of the course, we’ll give you an introduction to which expenses the enterprise can claim tax deductions for, and the requirements that must be met in order to have such deductions approved.

In this part of the course, we’ll tell you how your enterprise should register and treat its income.

You’ll get information about:

• different methods of payment
• the rules that apply for documentation and registration
• what’s required in order to issue an invoice
• what information a sales receipt should include
• how a cash register system works
• the rules that apply for cash sales

In this part of the course, we’ll give you a short introduction to bookkeeping and accounting obligations. The information you receive will help you determine if your enterprise has bookkeeping and accounting obligations, or bookkeeping obligations only.

In addition, you'll receive information concerning:

• relevant laws
• storing and safeguarding accounting documents
• whether your enterprise has an audit obligation or can opt out

Here you’ll get an introduction to the tax-related consequences of different kinds of transactions between a company and its shareholders, such as distribution of dividends, rules concerning shareholder borrowing from the company, shareholder use of company assets privately without payment etc.

In this part of the course, we’ll give you a short introduction to the company as an employer. You will learn about what’s considered salary and payments in kind, and some of the obligations a company has as an employer.

We recommend enabling subtitles.

In this part of the course, we’ll give you a short introduction to:

• what value added tax is
• which enterprises the Value Added Tax Act applies to
• how the value added tax scheme works

An introduction to how to register the enterprise in the Value Added Tax Register.

We recommend enabling subtitles.

We recommend enabling subtitles.

In this part of the course, we’ll show you, step by step, how to fill inn and submit the VAT return.