Frequently asked questions

What does light entrepreneurship mean and who is it suitable for?

Light entrepreneurship means doing work and invoicing without your own company (Y-ID or business name). In this case, you use an invoicing service such as Palkkaguru, which takes care of all bureaucracy, such as invoicing, tax settlement, social security payments and insurance for you. It's perfect for professionals in their field, freelancers, students, retirees, or anyone who wants to focus on getting work done without the administrative burden of running a business.

Can I deduct expenses in taxation as a small business owner through Palkkaguru?

Yes, under certain conditions you can deduct the costs incurred from doing the work tax-free expense allowances such as mileage allowances and per diems. These allowances are paid to you tax-free and thanks to them you get more money in your hand.

Careful documentation is especially important. Keep all original receipts and vouchers, and make sure that the expenses are actually incurred for the work. Palkkaguru's experts will advise you on these matters so that you can use all the benefits correctly.

How does Palkkaguru differ from a traditional accounting firm or business name?

Palkkaguru offers an easy and risk-free way to bill for your work without starting your own company. We take care of all the bureaucracy for you, pay your salary and settle the taxes. You don't have to worry about accounting, VAT obligations or company management.

A traditional accounting office instead, usually handles the accounting and taxation of the established company (e.g. business name, limited company). Establishing a company and the related responsibility is always the responsibility of the entrepreneur himself.

Trade name requires establishing your own company and obtaining a business ID. In this case, you are responsible for the accounting, taxation and other administrative obligations yourself (or you buy them from an accounting firm). Light entrepreneurship is a lighter option than bureaucracy.

What if the customer does not pay the invoice on time? Do you offer collection services?

Yes, Palkkaguru also helps you with unpaid invoices. We understand that sometimes your customer may experience a delay with payment. We offer comprehensive collection services through our reliable partner. When you report an unpaid bill to us, we'll handle the collection process for you so you don't have to worry about it. We always strive primarily for an amicable solution.

How much does Palkkaguru's service cost and what does it include?

Palkkaguru charges for its service percentage fee of the invoiced amount. Our prices are competitive and transparent. The service fee covers invoicing, tax and social security payments, statutory accident insurance and our expert customer service. You can easily get a more accurate price estimate with our reward calculator on our website.

Can Palkkaguru's service be used if I invoice both with and without VAT?

Yes, Palkaguru also supports VAT liability. If your turnover exceeds the VAT lower limit set by the Tax Administration (currently EUR 15,000 per year), you must register as VAT liable. We handle the VAT accounts for you. You can also start as a VAT payer, even if your turnover is below the limit at the beginning.

How quickly do I get the money to my account through Palkkaguru?

As a customer of Palkkaguru, you get the money in your account very quickly. We always settle payments on the same business day, when your customer's performance is recorded in our account. Payments are handled on weekdays between 09:00 and 18:00 as SEPA express transfers without additional costs. If the payment arrives after 6:00 p.m., we will bill it on the next business day. The prerequisite for fast settlement is that the correct reference, account number and amount have been used in the payment.

How are insurances and taxation handled as a small business owner?

Palkkaguru takes care of everything for you: statutory fees and taxes. Advance tax is withheld from your salary according to your tax card, and we account for it to the taxman. In addition, we take care of the employee's pension contribution (TyEL), health insurance contribution and unemployment insurance contribution.

Our service also includes statutory accident insurance, which provides protection against injuries that occur at work. You can also inquire about the possibility of more extensive insurance coverage according to your needs.

Do I need to be in a trade union or unemployment fund?

You don't have to, but we always recommend that you consider your own social security and, for example, joining the unemployment fund, if you are eligible. As a small entrepreneur, you can belong to the unemployment fund, which pays earnings per diem under certain conditions. You should find out for yourself which unions or funds are suitable for your situation. Salary Guru does not limit your choices.

How do I get started as a Palkkaguru customer?

You can get started easily! Register for our service on our website. After registration, you can create your first invoice and start working as a small business owner effortlessly. Our customer service is always ready to help you with all your questions.