Accounting Guides

THE TAX CONSEQUENCES OF BREXIT ON INTERNATIONAL TRADE
15/01/2021
The effective divorce between the European Union and the United Kingdom that occurred on December 31st 2020… more

THE DIFFERENT CATEGORIES OF TOURIST ACCOMMODATION AND THEIR REGULATIONS
15/12/2020 Tourism activity is… more
Holiday Season 2020
07/12/2020
After a year that could easily be described as very special, complex and troubling for many people, the entire team at French Businesss Advice … more

RESIDENCE CARDS IN FRANCE AND BREXIT
30/11/2020
The "Brexit" refers to the United Kingdom's exit from the European Union (EU).
On June 23th 2016, in a referendum organised by… more

VAT ON MARGIN
15/10/2020 The VAT on the margin generally concerns resellers who cannot recover this tax on… more
Tax on real estate capital gains made in the United Kingdom by a French resident
15/09/2020
When you are considered as a French tax resident you have to declare your… more

V.A.T: THE REFORM OF THE DISTANCE SELLING REGIME
31/08/2020
The delivery of tangible movable property constitutes an intra-community distance sale when the purchaser,… more

Assistance for the hiring of young people under 26 years of age
12/08/2020
For the good of your company and the support of youth employment, we would like to inform you that… more

COMPARATIVE TABLE OF THE LEGAL STRUCTURES OF THE MAIN COMPANIES UNDER FRENCH LAW
31/07/2020
The tables presented here below compare the main legal structures available to… more

DISMISSAL FOR PERSONAL REASON
15/07/2020
As our article from last month exposed the dismissal for economic reasons, it seemed necessary to us to supplement this… more

HIRING ASSISTANCE IN OPEN EMPLOYMENT
02/07/2020
Although this information is not directly related to the Coronavirus crisis, we would like to pass it on to you… more

DISMISSAL FOR ECONOMIC REASONS
30/06/2020
Through this presentation, we will show you the main rules that an employer must know when starting a dismissal procedure for… more

WHY SWITCH TO A CONTACTLESS POS TERMINAL?
16/06/2020
As you have maybe already heard, the regulations concerning POS terminals have changed since Monday 11 May 2020, raising… more

CONTINUING EDUCATION... PART 2
15/06/2020
Throughout our article of April 30th we have exposed apprenticeship, the funding of continuous training, the various aspects of… more

OVERVIEW OF THE PRINCIPAL INFORMATION TO BE INDICATED ON THE 2042-IFI PRINT (TAX ON REAL ESTATE FORTUNE)
29/05/2020In March 2018, we published an article entitled “Tax on… more
NEWS ON REVENUE STATEMENTS FOR 2019 YEAR
15/05/2020
The tax returns must be subscribed as every year by internet on the website impots.gouv.fr at the latest between June… more

CONTINUING EDUCATION AND ALTERNATING TRAINING IN COMPANIES
30/04/2020
We now return to the subject discussed in a previous article published on our website in February… more

EMERGENCY MEASURES TAKEN BY THE GOVERNMENT TO HELP FRENCH COMPANIES DURING THE HEALTH CRISIS PERIOD
15/04/2020
A set of decrees and ordinances have been issued in various… more

THE MICRO COMPANY (UPDATE) – MICRO-ENTREPRISE (ACTUALISATION)
31/03/2020
We wish, through this article, to update and complete our previous article published on our website… more

SOCIAL AND ECONOMIC COMMITTEE (CSE)
16/03/2020
The Social and Economic Committee (C.S.E.) replaces the elected employee representatives in the company. It merges all… more

FINANCE ACT FOR 2020: MAIN PROVISIONS CONCERNING COMPANIES
02/03/2020
Through this second part of the finance law for 2020 we will see the main measures which concern small… more

FINANCE ACT FOR 2020: MAIN PROVISIONS CONCERNING PERSONAL TAXATION
14/02/2020
We present below some of the main measures adopted in the French finance law for the year 2020.… more

THE COST OF SOCIAL REGIME IN FRANCE SINCE THE UNIVERSAL HEALTH PROTECTION (PUMA)
31/01/2020
A certain number of people who settle in France and do not exercise a professional… more

TRAVEL EXPENSES DEDUCTIBLE FROM THE TAX RESULT OF COMPANIES
15/01/2020
Travel costs are in principle deductible insofar as they have been incurred in the interest of business… more

GIFTS IN BUSINESS - TAX AND SOCIAL CONSEQUENCES
At the end of the year, it is customary in many companies to give gifts to people in business relationships or to employees… more

VEHICLE TAX ON COMPANIES (T.V.S.)
Most companies that own or use vehicles of a certain category, which we are going to define, must declare and pay an annual tax each year… more

VAT DEDUCTION : THE CONDITIONS TO BE MET TO EXERCISE IT
The VAT deduction is only possible if the good or service has been acquired as part of an economic activity (usually… more

TITLE PRIVATE EMPLOYER FOREIGN (TITRE PARTICULIER EMPLOYEUR ETRANGER – TPEE)
This title concerns non-resident persons who wish to employ a private employee for direct… more


GENERAL INFORMATION ON AGRICULTURAL TAXATION
After briefly defining the economic activities concerned by… more
CREATE A BUSINESS IN FRANCE IN 2019
The creation of an economic activity is often a complicated operation. It… more
NOTICE OF TAXATION ON INCOME IN FRANCE
French taxpayers will soon receive their income tax notice (between July 24th and August 7th).
This document is very important because… more

TWO SUBJECTS OF NEWS ABOUT TAXES:
--> TAX REDUCTION NAMED "DENORMANDY" ON REAL ESTATE INVESTMENT
--> TEN YEARS OF RECOVERY FOR NON-DECLARATION OF ACCOUNT ABROAD
… more

MAIN RELIEF TO THE CREATION OF BUSINESSES
There are a very large number of helpers for entrepreneurs. We cannot quote them in their entirety, but the list of the main help… more

NON-PROFESSIONAL FURNISHED RENTAL
Non-professional furnished rental meet a precise definition and are subject to a particular tax and social regime. We will briefly describe… more

THE STEPS OF HIRING AN EMPLOYEE IN FRANCE
Below you will find the main formalities to be accomplished when hiring an employee in France from the recruitment phase to the… more

DEDUCTIBLE EXPENSES OF BENEFITS OF COMPANIES IN FRANCE
Below is an inventory of the main expenses that companies subject to the Industrial and Commercial Benefits (B.I.C.) or… more

THE PAYSLIP IN FRANCE : ITS DESCRIPTION
The pay statement is, for many people, difficult to interpret. The problem is even more important for business leaders who do not speak… more

MAIN CATEGORIES OF REVENUES TO BE DECLARED ON ANNUAL FORMS
N° 2042 C, 2042 RICI AND 2042 C-PRO
The reporting period for annual revenues begins and it seems useful to give a… more

DIRECT SERVICES FOR PEOPLE AND HOME SERVICES
The sector of direct services to people is expanding, it includes activities related to the assistance of people in their homes… more

FINANCE ACT FOR 2019 :
MAIN PROVISIONS CONCERNING COMPANIES
The second part of this finance law is devoted to the provisions concerning companies.
We will limit ourselves… more

PROFESSIONAL TRAINING IN COMPANIES IN THE TAX ASPECT
The purpose of this article is to present the two taxes that companies are liable to and which are intended to ensure the… more

FINANCE ACT FOR 2019 :
MAIN PROVISIONS CONCERNING PERSONAL TAXATION
This year we are again presenting the most important provisions of the Finance Act in two parts:… more

NEWS ABOUT THE WITHHOLDING TAX SYSTEM IN FRANCE
We published during June 2018 an article on the WITHHOLDING TAX SYSTEM (in French "Prélèvement à la source" or P.A.S.) in… more

EXEMPTION FROM "CSG-CRDS" ON ASSETS INCOME AND INVESTMENT PRODUCTS FOR CERTAIN FOREIGN PERSONS
In a famous court affair (The DE RUYTER case), the European Court of Justice and… more

BUSINESS OBLIGATIONS FOR DEATH INSURANCE AND COMPLEMENTARY HEALTH INSURANCE
… more
TOURIST TAX
Municipalities can ask holidaymakers staying in their territory to pay a tourist tax. However, the municipality is authorized to exempt certain categories of… more

THE LIFE OF A BUSINESS IN FRANCE
Knowledge of the product, the market, an innovative idea, a concept of values, an image ... you may think that it is enough to start a business… more

DEADLINES FOR THE DECLARATIONS AND PAYMENTS THE SOCIAL CONTRIBUTIONS OF COMPANIES IN FRANCE
We propose below an agenda for a year by specifying the deadlines for the declaration… more

TAX DEADLINES OF COMPANIES IN FRANCE
We propose below an agenda for a year by specifying the… more
THE ESSENTIAL ELEMENTS TO UNDERSTAND THE “TAXE FONCIERE” AND THE “TAXE D’HABITATION”
The owners… more
THE MAIN FORMALITIES TO SET UP A BUSINESS IN FRANCE
… more
FOREIGN FIRM SLIP / TITRES FIRMES ETRANGERES (T.F.E)
T.F.E. is an optional service for foreign companies that employ in France and do not have any establishments in that country… more

DECLARATION OF EXCHANGES OF GOODS (DEB) AND EUROPEAN DECLARATION OF SERVICES (DES)
Trade within the E.E.C. is free, without formalities and without border controls. However,… more

FRENCH TRANSITION TO THE "PAY-AS-YOU-EARN" WITHHOLDING TAX SYSTEM
From 2019, the "Prélèvement à la source" (P.A.S.) will be applied to almost all the income of French taxpayers.… more

THE BALANCE SHEET IN FRENCH STANDARDS TRANSLATED INTO ENGLISH
In our previous article, we produced a profit and loss account translated into English to make it easier for English… more

THE PROFIT AND LOSS ACCOUNT IN FRENCH STANDARDS TRANSLATED INTO ENGLISH
English-speaking managers who run French companies or establishments of foreign companies located in… more

SOME LEGAL OR FISCAL TERMS COMMONLY USED IN FRANCE
AND THEIR TRANSLATION IN ENGLISH
To help Anglophone investors better understand French law, we will try to give a translation… more

TAXES IN FRANCE
There are a large number of different taxes in France. We will briefly introduce the most common.
We can classify them into… more
SETTING UP A SMALL BUSINESS IN FRANCE
The creation of a small business in France involves many choices that the creator must make at the time of incorporation. These choices are… more

TAX ON REAL ESTATE FORTUNE
This is a new wealth tax that applies to people with real estate assets worth more than € 1,300,000. It enters into force as from 1 January 2018. In… more

THE REGULATIONS ON THE CASH REGISTER SOFTWARES
New rules on cash register software are applicable since January 1st 2018 to all VAT taxable persons. First, we need to define a… more

THE FRENCH FINANCE ACT FOR 2018 - INDIVIDUAL CHANGES
The great novelties of the finance law for 2018 are:
The establishment of a uniform tax rate on income from savings and… more

THE FRENCH FINANCE ACT FOR 2018
The Finance Act for 2018 and the two amended Finance Acts for 2017 provided for new provisions of interest to companies. Certain provisions are… more

PRINCIPLES OF VAT TAXATION OF SERVICES IN EUROPE
Intra-European services are divided into two broad categories:
Services performed between taxable persons (B to B) located in… more

VAT AND INTRA-COMMUNITY TRADE IN GOOD AND OTHER FURNITURE
The European Union is an area without borders. Thus, the concept of import or export disappears when it comes to the… more

AVOID DOUBLE TAXATION IN FRANCE OF FOREIGN SOURCE REVENUES
Persons engaged in economic activities or residing in more than one country sometimes face complex taxation… more

TERRITORIAL ECONOMIC DISTRIBUTION
The TERRITORIAL ECONOMIC CONTRIBUTION (CET) is due by all industrial or commercial companies operating an activity in… more
VARIOUS FORMS OF BREACH OF THE WORK CONTRACT
There are different forms of dismissal in France such as dismissal for personal reasons, dismissal for economics reasons or… more

THE TOOLS OF DEFISCALIZATION IN FRANCE
Taxpayers taxed on income tax in France have a broad mechanism to reduce the amount of their tax. Through this article we will mention… more

THE MACRON ORDINANCES: STARTING POINT OF THE REVISION OF THE FRENCH LABOR CODE
The French government has just published ordinances in the official journal. This is a… more

INVESTING IN BUSINESS IN FRANCE
As in any other European country, any person who is a national of another EEC country may become a craftsman, merchant or company manager in… more

INVESTING IN REAL ESTATE IN FRANCE
I- Furnished property or hotel residence:
Income taxation:
The applicable regime is "B.I.C." (Industrial and commercial profits). Thus,… more

HIRING AN EMPLOYEE IN FRANCE
In companies, hiring, drafting of employment contracts, pay slips, calculation and declaration of social contributions and all other operations… more

SOCIAL CONTRIBUTIONS FOR INDEPENDENT WORKERS
Social security contributions for the self-employed are calculated and recovered by an organization called RSI (Régime Social des… more

WHAT TAX REGIME TO CHOOSE FOR AN INDIVIDUAL ENTREPRENEUR
The two main tax systems applicable to an individual enterprise are micro and real systems. It is pointed out that… more

ANNUAL GENERAL MEETING IN SARL
The partners of French SARLs must approve the financial statements by a general meeting which must be held within six months of the closing date of… more

LIST OF PRINCIPAL ANNUAL FORMS OF INCOME TAX DECLARATION IN FRANCE
Updated on 15/11/2020
All taxpayers subject to income tax in France must report their income for the previous… more

MANDATORY INFORMATION TO BE INCLUDED ON AN INVOICE
Updated on 31/10/2020 An invoice is one of the elements that… more
IMPORTANT RULES ABOUT VAT IN FRANCE
30/09/2020
The general principles of VAT are identical in all the countries of the European Economic Community. On the other hand, when… more

SOME INFORMATION TO HELP BUSINESS LEADERS TO CHOOSE THEIR SOCIAL STATUS (RSI vs URSSAF)
There are two different statuses in France to which the manager will be affiliated and… more

PRINCIPAL PROVISIONS INCLUDED IN THE FRENCH FINANCING ACT FOR 2017
Click here to access our article about the French Finance Act for 2018
The French finance law contains a… more

WHAT LEGAL FORMS CAN BE ADOPTED TO DO BUSINESS IN FRANCE ?
--> French accountant's advice
Any individual or company wishing to start a business in France must know the… more

THE NEW "LABOUR LAW" (LOI TRAVAIL / LOI EL KHOMRI) :
The point of view of a French accountant
Before the adoption of the new labor law, El Khomri, it was impossible for any… more