Bankruptcy statistics in Finland show a worrying trend: According to the Finnish Tax Administration, there were 57% more bankruptcy filings in the first quarter of this year compared to the same period last year. Small businesses, sole proprietors, and service sectors are especially affected.

Running a business requires much more than just passion and a great idea – understanding finances is one of the key factors for success.

Starting from the beginning of 2025, there will be significant changes to VAT rules for small businesses, based on the EU's SME Directive. The aim of these changes is to reduce administrative burden and promote international trade.