Truster Pro Light As a self-employed entrepreneur, your income tax is automatically handled as advance taxes, which we pay on your behalf. Tax processing is based on your personal tax rate, which makes tax forecasting smooth and straightforward, even if your billing amounts and expenses vary. We take care of all tax withholdings and transfers to the Tax Administration, so you don't have to worry about dealing with tax issues and can concentrate fully on your business.
How does the advance payment of taxes work on Truster Pro Light ?
When your customer pays an invoice that you have sent via Truster Pro Light , we process the payment as follows:
1. Any expenses are deducted from the invoice first
2. Of the remaining amount, we will automatically deduct a percentage based on your tax rate, which we will transfer to the Tax Administration at the end of the year as advance tax.
This means that for each payment, a portion is automatically deducted at your tax rate. We take care of all the tax withholding and accounting to the Tax Administration for you, so you can focus on running your business without worrying about tax.
Remember to update your tax card if necessary
It is important to be realistic about your income and make sure that your tax card reflects your current situation. We automatically retrieve your tax card information from the Tax Administration and use it to withhold tax. If you find that your tax card needs updating, you can easily make changes in MyTax. When you update your tax card, Truster retrieves the new information from the Tax Administration every day.
What kind of tax card should you have?
The tax card must be for your salary and must take into account all your income - both any other salary income and income received through your business. This will ensure that your withholding tax deductions are at the right level and avoid unpleasant tax surprises.
Truster Pro With Light, managing your withholding tax is now easier and more transparent. We take care of paying your taxes so you can focus on your business.