Light entrepreneurship in a nutshell
What is light entrepreneurship? Who is light entrepreneurship for? And how do you deal with taxation and the YEL obligation?
Below you will find the most frequently asked questions about light entrepreneurship and more information about our services.
If you have any questions, please get in touch. We can help!
Start invoicing for your work today
Light entrepreneurship means self-employment without owning a business.
A light entrepreneur is someone who invoices the work they do through an invoicing service. A light entrepreneur decides what they do, who they work for and what they charge for it. In that sense, they are like an entrepreneur.
However, like a self-employed person, the light entrepreneur does not have a Y-identity number. For tax and accounting purposes, they are like an employee. For example, they do not have to file their accounts or VAT returns like a self-employed person.
However, from the point of view of unemployment insurance and pension insurance, a light entrepreneur is a traditional entrepreneur and is therefore covered by the YEL insurance.
Becoming a light entrepreneur is easy through us. Just register as a customer in our system Liksala and enter your details.
You can then place your first invoicing order, i.e. start invoicing for the work you have done.
Congratulations, you are now a light entrepreneur!
Once you have registered as one of our customers, you can start invoicing immediately. Log in to Liksala and make your first invoicing order, i.e. start invoicing.
Enter the details of the invoice payer, i.e. your customer, the subject of the invoice and the amount to be invoiced. We will then take care of the rest.
We usually process your invoice orders within the same or next day. You can check the processing status of your invoice in Liksala.
The reasons are simple.
Suomen Palkkiopalvelu is:
- the most affordable invoicing service in Finland
- expert in the field – reliable invoicing since 1994
- easy and fast – in Liksala system you can invoice 24 hours a day, every day of the year
Suomen Palkkiopalvelu is an affordable invoicing service. Our basic service fee is EUR 10 + 3% of the fee to be paid.
In addition to this:
- for international invoices sent abroad EUR 10/each and for invoices in foreign currency (other than euro) EUR 20/each in addition to the service fee, plus the bank’s handling fee of EUR 7.
- For Förskotti, we charge EUR 10 + 4% of the fee to be paid.
- a health insurance fee of 1.34 % charged by the tax authorities is also added
Service fees are tax deductible (including the health insurance fee added). We will send you a receipt for the service fees you have paid each year to attach to your tax return.
The YEL insurance is your security if you retire, fall ill or take parental leave.
You are covered by the YEL if
- you are aged between 18 and 68
- your business activity continues for a continuous period of at least 4 months, and
- you have an annual income (commission) in 2024 of at least EUR 9010,28 (EUR 8,575.45 in 2023)
If you find that the above conditions apply to you, please contact us. We will help you to take out an insurance policy.
Our partner is Elo Mutual Pension Insurance Company. You can also take out YEL insurance with any pension insurance company of your choice.
You can find the YEL calculator on the Elo website. You can use it to calculate the pension that your YEL contribution will generate and the social security benefits it will entitle you to.
The VAT on the invoice is directly debited to the tax authorities and the VAT-free part of the invoice is used to pay the fee.
As the turnover of Suomen Palkkiopalvelu exceeds the threshold of minor activities as defined by tax practice, all invoices we issue must include VAT, unless the service to be invoiced is specifically defined as VAT-exempt in the Value Added Tax Act (e.g. artist’s performance).
VAT is usually added to the invoice price. However, there are a few exceptions to this (e.g. if the payer is a non-profit association or a private individual). It is always a good idea for you to agree the procedure with the invoice payer in advance.
It is worth taking VAT into account when you set a price for your services. You can use our calculator to help you.
VAT rates vary. There are several different VAT rates in Finland, but the most common VAT rate is 25,5%.
The VAT Register is a register maintained by the Finnish Tax Administration that contains information on operators liable for VAT. Using the YTJ.fi online service, you can search by company name or business ID number to find out whether a company is listed in the VAT Register.
Förskotti is a service where you are paid before your customer, the person who commissioned the work, has paid their invoice to Suomen Palkkiopalvelu. By paying your salary payment in advance as a Förskotti, you are not tied to the invoice payment schedule of the person who commissioned your work.
When paid in advance, you receive the money as soon as your assignment has been processed and your invoice has been sent. Depending on your bank, you may even receive your salary payment on the same day or the next day at the latest.
Before paying the salary in advance, we check the payer’s payment history and, in some cases, we ask the payer to confirm the accuracy of the invoice requested as Förskotti.
We will make the payment as soon as we have processed your invoice order. Requests for Förskotti are always processed as urgent.
We charge an extra 4% of the invoiced amount for the advance payment Förskotti, in addition to the normal service fee (EUR 10 + 3%).
Log in to Liksala and select the invoices you wish to receive as Förskotti from the list of invoices being processed.
Do debt recovery proceedings prevent invoicing through Suomen Palkkiopalvelu? No way!
Contact us and tell us about your situation. We will pay the execution authority the amount from your salary payment the same day your salary payment is ready for payment. You will receive the difference in your account normally after that payment.
Light entrepreneurship in a nutshell
Light entrepreneurship in a nutshell
What is light entrepreneurship? Who is light entrepreneurship for? And how do you deal with taxation and the YEL obligation?
Below you will find the most frequently asked questions about light entrepreneurship and more information about our services.
If you have any questions, please get in touch. We can help!
Light entrepreneurship means self-employment without owning a business.
A light entrepreneur is someone who invoices the work they do through an invoicing service. A light entrepreneur decides what they do, who they work for and what they charge for it. In that sense, they are like an entrepreneur.
However, like a self-employed person, the light entrepreneur does not have a Y-identity number. For tax and accounting purposes, they are like an employee. For example, they do not have to file their accounts or VAT returns like a self-employed person.
However, from the point of view of unemployment insurance and pension insurance, a light entrepreneur is a traditional entrepreneur and is therefore covered by the YEL insurance.
Becoming a light entrepreneur is easy through us. Just register as a customer in our system Liksala and enter your details.
You can then place your first invoicing order, i.e. start invoicing for the work you have done.
Congratulations, you are now a light entrepreneur!
Once you have registered as one of our customers, you can start invoicing immediately. Log in to Liksala and make your first invoicing order, i.e. start invoicing.
Enter the details of the invoice payer, i.e. your customer, the subject of the invoice and the amount to be invoiced. We will then take care of the rest.
We usually process your invoice orders within the same or next day. You can check the processing status of your invoice in Liksala.
The reasons are simple.
Suomen Palkkiopalvelu is:
- the most affordable invoicing service in Finland
- expert in the field – reliable invoicing since 1994
- easy and fast – in Liksala system you can invoice 24 hours a day, every day of the year
Suomen Palkkiopalvelu is an affordable invoicing service. Our basic service fee is EUR 10 + 3% of the fee to be paid.
In addition to this:
- for international invoices sent abroad EUR 10/each and for invoices in foreign currency (other than euro) EUR 20/each in addition to the service fee, plus the bank’s handling fee of EUR 7.
- For Förskotti, we charge EUR 10 + 4% of the fee to be paid.
- a health insurance fee of 1.34 % charged by the tax authorities is also added
Service fees are tax deductible (including the health insurance fee added). We will send you a receipt for the service fees you have paid each year to attach to your tax return.
The YEL insurance is your security if you retire, fall ill or take parental leave.
You are covered by the YEL if
- you are aged between 18 and 68
- your business activity continues for a continuous period of at least 4 months, and
- you have an annual income (commission) in 2024 of at least EUR 9010,28 (EUR 8,575.45 in 2023)
If you find that the above conditions apply to you, please contact us. We will help you to take out an insurance policy.
Our partner is Elo Mutual Pension Insurance Company. You can also take out YEL insurance with any pension insurance company of your choice.
You can find the YEL calculator on the Elo website. You can use it to calculate the pension that your YEL contribution will generate and the social security benefits it will entitle you to.
The VAT on the invoice is directly debited to the tax authorities and the VAT-free part of the invoice is used to pay the fee.
As the turnover of Suomen Palkkiopalvelu exceeds the threshold of minor activities as defined by tax practice, all invoices we issue must include VAT, unless the service to be invoiced is specifically defined as VAT-exempt in the Value Added Tax Act (e.g. artist’s performance).
VAT is usually added to the invoice price. However, there are a few exceptions to this (e.g. if the payer is a non-profit association or a private individual). It is always a good idea for you to agree the procedure with the invoice payer in advance.
It is worth taking VAT into account when you set a price for your services. You can use our calculator to help you.
VAT rates vary. There are several different VAT rates in Finland, but the most common VAT rate is 25,5%.
The VAT Register is a register maintained by the Finnish Tax Administration that contains information on operators liable for VAT. Using the YTJ.fi online service, you can search by company name or business ID number to find out whether a company is listed in the VAT Register.
Förskotti is a service where you are paid before your customer, the person who commissioned the work, has paid their invoice to Suomen Palkkiopalvelu. By paying your salary payment in advance as a Förskotti, you are not tied to the invoice payment schedule of the person who commissioned your work.
When paid in advance, you receive the money as soon as your assignment has been processed and your invoice has been sent. Depending on your bank, you may even receive your salary payment on the same day or the next day at the latest.
Before paying the salary in advance, we check the payer’s payment history and, in some cases, we ask the payer to confirm the accuracy of the invoice requested as Förskotti.
We will make the payment as soon as we have processed your invoice order. Requests for Förskotti are always processed as urgent.
We charge an extra 4% of the invoiced amount for the advance payment Förskotti, in addition to the normal service fee (EUR 10 + 3%).
Log in to Liksala and select the invoices you wish to receive as Förskotti from the list of invoices being processed.
Do debt recovery proceedings prevent invoicing through Suomen Palkkiopalvelu? No way!
Contact us and tell us about your situation. We will pay the execution authority the amount from your salary payment the same day your salary payment is ready for payment. You will receive the difference in your account normally after that payment.
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