Simple, affordable accounting for ENK, from bookkeeping and VAT to tax return and advice on when it pays to convert to an AS.
A Norwegian sole proprietorship (ENK) is the simplest legal form in Norway, but the rules around accounting, VAT and personal tax aren't always as simple to keep track of. Smart Økonomi offers accounting for ENK at a fixed fee from a licensed accounting firm, so you can focus on running your business while we handle bookkeeping, reporting and the tax return.
As the owner of an ENK you and the business are the same legal entity. That means you can't draw a salary from your own enterprise, you're taxed directly on the business income instead. We help you keep track of what's a private withdrawal versus a business expense, and make sure deductions are correct and documented down to the last receipt.
As a general rule, an ENK has only a bookkeeping obligation, not a full reporting obligation under the Norwegian Accounting Act (regnskapsloven). That means simpler reporting and lower costs as long as revenue and assets stay below the statutory thresholds. We review annually whether the bookkeeping model, VAT registration and service package are still optimal for you.
We have clients who are consultants, tradespeople, freelancers, creatives and healthcare practitioners in several parts of the country, and we combine cloud-based accounting with personal contact. You get a dedicated accountant who picks up the phone and knows your business, not a support line where you have to wait in a holding queue.
We bundle the essentials for a sole proprietorship into one predictable monthly fee. Everything you need to keep bookkeeping, VAT and the tax return up to standard, no setup fees, no hourly billing.
We post every voucher to the correct account in line with the Norwegian Bookkeeping Act (bokføringsloven). You snap a photo of the receipt in the Tripletex or Fiken app, we make sure it lands in the right place, both for tax and accounting purposes.
We assess whether your business has an obligation, or would benefit, from being VAT-registered (threshold: NOK 50,000 in VAT-liable revenue over a rolling 12-month period). If you're registered, we file VAT returns every two months within the deadline.
Complete business tax return filed with the Norwegian Tax Administration by 31 May, with correctly calculated personal income, national insurance contribution (trygdeavgift), capital income and properly documented deductions.
We help you draw a clear line between personal withdrawals and deductible costs, one of the most important things to get right in an ENK to avoid additional tax and audits.
You have 24/7 access to Tripletex, Fiken or PowerOffice via your own login, with an overview of revenue, expenses, VAT balance and expected tax. No surprises at year-end.
Call us when you're wondering about a deduction, an office-equipment purchase, mileage allowance or whether something counts as a private withdrawal or a business expense. No hourly rates, no holding queue.
When revenue grows, employees come on board or you want to separate personal and business finances, we look together at whether it's time to convert ENK to AS. We handle the full conversion, from establishment to transfer of business.
An ENK doesn't need the most expensive accounting firm, but you do need a professionally reliable one that understands both the business tax return and the everyday life of a self-employed worker. Here's why sole proprietors choose us.
We have dedicated packages for ENK with fewer vouchers and a simpler structure, so you don't pay for functionality you don't need. Still with state-licensed quality and full availability.
We know what's deductible for consultants, tradespeople, freelancers and other self-employed workers, and we stay current on the Norwegian Tax Administration's practice for home-office share, mileage logs, phone usage and home-office deductions.
Just because an ENK has simpler accounting rules doesn't mean the professional standard drops. You get an accountant supervised by the Financial Supervisory Authority of Norway and a member of Regnskap Norge (the Norwegian accounting industry body).
When revenue increases, you bring on collaborators or the risk becomes too high for personal liability, we review whether AS is the right next step. We handle the conversion from A to Z.
ENK owners share one priority: less admin, more focus on their craft. What our ENK clients have in common is wanting a reasonable fixed fee, and not having to wrestle with the accounting platform. Here are typical client groups we work with.
You invoice out your expertise to one or more clients, have low cost of goods and some travel and home-office costs. We set up simple reporting and watch the deductions for you.
You work solo as an electrician, carpenter, plumber or in another trade. Materials lines, mileage logs and workshop costs are the main challenges, we systematise the bookkeeping.
You work as a photographer, designer, writer, musician or other creative profession. Many different income sources, varying projects and special deduction rules, we've done this many times.
You run your own practice in healthcare, therapy or wellness. VAT exemption for healthcare services, requirements for receipts and documentation of cash payment, everything handled correctly from the start.
You started as an ENK but see revenue growing or want to separate yourself from personal liability. We support you through the entire transition to AS when the time is right.
Starting an accounting partnership for an ENK should be quick and affordable. We have simple routines for ENK handovers and help you tidy up the history if you've done the bookkeeping yourself. You don't need to contact your existing accountant.
Call us at 48 07 99 18 or fill out the contact form. We have a short conversation about your enterprise, revenue, number of vouchers and what you need help with.
You get a concrete fixed-fee quote, always lower than packages for AS, because we don't charge for functionality you don't need. No setup fee.
When you say yes, we pull data from your existing accountant or from Fiken/Tripletex if you've been bookkeeping yourself. No double work for you.
You get login to the accounting system and a direct line to your accountant. ENK handovers typically finish in 1–2 weeks.
No, it's not a legal requirement. ENK owners can do their own bookkeeping if they want. But many find that the time saved by outsourcing, and the assurance that VAT, tax and deductions are correct, is well worth a reasonable fixed fee. A licensed accountant also gives you advice on when it pays to convert to AS, which often saves significantly in tax.
No. In an ENK, you and the business are the same legal entity, so you can't pay yourself a salary. What you take out is a private withdrawal, and you're taxed on the entire business income (næringsinntekt) as personal income, including income tax and national insurance contribution (trygdeavgift, 10.8% on business income outside the primary industries in 2026). Private withdrawals from the business account are not deductible costs. We help you set up a sustainable private-withdrawal rhythm without breaking accounting rules.
Your VAT registration obligation is triggered when you reach NOK 50,000 in VAT-liable revenue over a rolling 12-month period, at that point you must register in the VAT Register (Merverdiavgiftsregisteret) shortly thereafter. Below that threshold, registration is voluntary. We help you weigh both the obligation and the benefit: voluntary early registration can pay off if you have significant input VAT to reclaim.
It depends on revenue, risk exposure, whether you're bringing on collaborators and how much of the profit you actually need privately. Typical thresholds sit at NOK 700,000–1,200,000 in profit, but risk (personal liability in an ENK) can justify converting earlier. We work through the calculation and assist with the conversion.
All costs that are documented and necessary for the operation, equipment, telephone, internet, mileage (mileage log!), home-office share (proportional), professional literature, courses, insurance, accounting services. We help you keep track of what's deductible and document it correctly. Note that purely private expenses are never deductible, even if you bought them with the business's card.
The business tax return is filed with the Norwegian Tax Administration by 31 May, alongside your personal tax return. As an ENK, you file a single combined return covering both business and personal income. We prepare the næringsspesifikasjon (business income statement, RF-1175) and ensure correct calculation of personal income, national insurance contribution (trygdeavgift) and deductions.
The price depends on the number of vouchers, whether you're VAT-registered, and the industry. A small ENK with few vouchers sits low; a more active enterprise sits higher. You get a concrete fixed-fee quote before signing, no surprises. Contact us for a no-obligation estimate.
Generally no. An ENK has only a bookkeeping obligation under the Norwegian Bookkeeping Act, not a full reporting obligation under the Accounting Act, unless thresholds are exceeded (assets over NOK 20 million or 20 full-time employees, per Accounting Act section 1-2). Most ENKs therefore don't file annual accounts with the Register of Company Accounts (Regnskapsregisteret) at Brønnøysund. We confirm your obligation each year as part of the service.
Have other questions about ENK accounting, converting to AS or VAT assessment? Call us at 48 07 99 18 or email post@smartok.no. We usually reply within a short time on weekdays.
We take over the full accounting, from bookkeeping to tax return. Call us at 48 07 99 18 or send a no-obligation enquiry.
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