The Accounts Blog

Support measures during the Corona crisis

(Updated 2020-05-06) About this blog post We at Account Factory handle bookkeeping, payroll and taxes for Swedish small businesses. However many of our clients are not Swedish speakers, and we communicate mainly in English. This blog post is a summary...

Tax-deductible and not tax-deductible

We accountants often use the expressions “tax-deductible” and “non-deductible”. Sometimes “tax-free” and “taxable” as well. But what do these words really mean? Deductible and non-deductible costs Let’s start at the beginning: every year a company pays income tax on its taxable...

How stuff works: Fåmansbolagsreglerna

What’s this about? Sweden has special rules for small companies with few owners, also known as the “3:12 rules” from an old law paragraph. We’ll use this term here, for lack of a good translation to the common name “Fåmansbolagsreglerna”....

Choosing company type

One of the most frequent questions we get from aspiring business owners is what company entity or company type to choose. Here are some aspects of and differences between the most common company types in Sweden. In most places I’m...