Tax revenues of the majority manager of SARLs at IR

When the SARL to IR , that is to say which falls under the regime of partnerships (direct taxation of profits in the name of the partners), the majority manager is personally taxed with income tax on the quota -part of the profits that are due .

Calculation of the tax revenues of the majority manager of SARLs at the IR

The remunerations received by the majority manager of SARL at the IR are not tax deductible from the results of the company. The additional remuneration resulting from the assumption of responsibility, by the SARL, of the manager’s social contributions, is also not deductible from the company’s tax result.

In summary, for the calculation of the tax benefit of the company, the remuneration of the partners as well as the related social contributions and paid by the company are not deductible. If the social contributions are paid directly by the manager, the profit of the company is not affected by the contributions.

Then, for the calculation of the manager’s tax income, social contributions are deductible from his income, with the exception of those whose deduction is excluded by a legal provision. Do remember for the tax refund estimate calculation also.

The tax return of the majority manager of SARL to the IR

Its share of profit must be declared on the supplementary declaration of income for non-salaried professions (form No. 2042-C-PRO), which is attached to the overall declaration of income.

Depending on the activity carried out, the share of the profit of the majority manager of SARLs corresponds to professional industrial and commercial income or to non-commercial professional income.

The payment of social contributions to the micro-social scheme

In the simplified micro-social system, social contributions are paid as and when the monthly or quarterly declarations of turnover received. The entrepreneur does not pay social security contributions when he does not receive turnover for a declared period.

The advantages and disadvantages of the micro-enterprise regime

The micro-enterprise regime has definite advantages for small-scale business creation projects, given the simplicity of the accounting and declaration obligations inherent in this tax regime. Thanks to flat rate calculations, the entrepreneur knows in advance the amount of his social contributions and the methods of taxation of the profits made. 


On the other hand, the micro-enterprise regime has several limits, in particular at the level of lump-sum calculation methods disconnected from reality to determine the amount of social contributions and the taxation of profits (the real costs are not deducted by the calculation of the result.). It is also a system that is not very accessible, conditions being provided for at the level of legal status and at the level of turnover. We develop further the strengths and weaknesses of this tax regime in this issue the advantages and disadvantages of the micro-enterprise regime .


Tips for Mastering Your Merchant Account

Finding the right merchant account provider is often the hardest part of signing up for this type of business service. However, it helps to have a strategy in place to get the most out of your investment. Consider what kind of solutions you need from your account provider. Many top companies offer features other than the merchant account for high risk itself. For example, you might be able to access special point-of-sale material with one vendor that you can’t get with another. You can also find providers that give you access to a wider range of payment gateways.

Take the time to look for the best deal from a trusted supplier. It can also mean getting quotes from a number of companies before you make up your mind. Since some of the quote-based fees for a merchant account are only available after you’ve spoken to a vendor, you won’t really know how much each business is going to charge you at first glance.

Other tips to consider:

Prepare everything you need for a business profile

Your merchant account provider will ask you for a business profile that describes what your business does and how you make money. The profile will include a lot of information that should advise your merchant account provider on the type of service you require.

Remember, while you take a risk when choosing your merchant account and hoped to get the right deal, your account provider is also taking a risk. They face the income from your card transactions. This means that some account providers might refuse to work with you if you don’t have the right information in place.

Think about:

How you accept payments: If you have a physical location, you may need to make offline swipe payments through a point-of-sale terminal or credit card system. You can accept payments through online services and online shopping carts.

How many sales you will process: Obviously, you can’t always predict with absolute accuracy how much money you will make or how many sales you will get. However, if you’ve been in business for a while, you need to know your average volume. Prepare your general number of trades to share. What is the average price of your ticket: In other words, how much does each customer usually spend with you? You can find out by dividing your total sales by your total number of sales.

What does the seasonality of your business look like: Are you making more money at certain times of the year and less at others? If this is the case, you will need to make sure that your merchant provider is prepared for this by providing them with plenty of information. Some merchant vendors even offer discounts to businesses that experience seasonal downtime.

Be careful when requesting your account

Choosing a merchant account is not the same as choosing a website builder or an email service provider. You choose your merchant account services and the company you choose should be comfortable accepting you in return. With all of your business credentials ready, you should be ready to apply for the right account for you. Be sure to carefully read the terms and conditions provided by each company. The last thing you want is a mistake on your application to prevent you from being approved. Make sure the account providers you choose can access your credit history. Also, it is important to know in advance whether you are a high risk business or not. Some industries are riskier than others, which mean you may have to pay higher fees.