Articles on bookkeeping, tax and payroll.
- Switching
Payday alternatives 2026: the 5 best options and how to switch before New Year
Payday is a system, and the bookkeeper and the accountant come on top. Here are the 5 best alternatives to Payday, with prices from each company's site, the true yearly cost and how to switch before New Year.
- Pricing
What bookkeeping costs in Iceland in 2026: prices from 5 firms, 3 systems and the full year
A bookkeeper costs 15.500 kr. an hour and an accounting firm from 30.000 kr. a month excluding VAT. Prices from 5 firms and 3 systems, from their own sites, and the full year for three company sizes.
- Comparison
The best accounting software in Iceland 2026: 8 options ranked, with prices
8 accounting systems in Iceland ranked for 2026: Kassify, 7C, Payday, Regla, Netbókhald, dk, Uniconta and Business Central, with prices from each company's site and the cost for a year.
- Switching
Changing your bookkeeper: 6 steps, the handover list and the 7-year rule
How to change bookkeepers: when to switch, how to give notice, what the old bookkeeper must hand over, web keys at Skatturinn and the 7-year rule, with dates through the New Year.
- Comparison
Payday, dk or Regla in 2026: the three systems compared line by line, and a fourth way
Payday, dk and Regla compared on the same seven points, with prices and terms from each company's site: packages, payroll, bank connection, e-invoices, owners, cancellation and the yearly cost. And a fourth way that is not a system.
- Choosing
Accounting software or an accounting firm: 8 tasks, who does them and what the year costs
Accounting software costs from 4.600 kr. a month but does none of the work. Here are the 8 bookkeeping tasks, who does them, Skatturinn's deadlines and what the year costs in krónur.
- Accounting firms
The best accounting firms in Iceland in 2026: 9 firms, their prices and who does the work
The best accounting firms in Iceland in 2026, ranked by how much work comes off your plate. Prices from each firm's site, the yearly cost and how to switch.
- Switching
Uniconta raises its prices on 1 January 2027. Here are the 5 best alternatives to Uniconta.
Uniconta's new price list takes effect on 1 January 2027. Here are the 5 best alternatives to Uniconta, with prices from each company's site, the true yearly cost and how to switch in less than 7 days.
- Switching
Regla sold to Finago: what changes and 4 options for Regla customers
Finago completed its purchase of Regla on 2 November 2026. What Regla and Finago say about the changes, with Regla's price list, the full yearly cost and 4 options for customers.
- Switching
The 5 best Netbókhald alternatives for 2027 and how to move your books
Netbókhald costs 13.754 kr. a month for the full package, but the booking stays with you. Here are the 5 best alternatives to Netbókhald for 2027, with prices from each company's site, and how your books move.
- Online stores
Bookkeeping for online stores: an accounting firm that books sales, customs and stock
Kassify is an accounting firm for Icelandic online stores. Sales, returns, payment provider payouts, customs and VAT booked at a fixed price. The rules, an example in krónur and the price.
- For contractors
Bookkeeping for contractors and construction companies in Iceland 2026: VAT, refunds and payroll at a fixed price
Kassify is an accounting firm that runs the books, VAT returns and payroll for Icelandic contractors and construction companies at a fixed monthly price. Annual accounting costs are 20% lower than at a traditional accounting firm.
- Restaurants
Bookkeeping for restaurants in Iceland: VAT, daily takings and shift pay at a fixed price
Kassify is an accounting firm for restaurants and cafés. Bookkeeping, shift payroll, VAT at 11% and 24%, annual accounts and tax return at a fixed price, 20% below a traditional firm.
- Bookkeeping for an ehf.
Bookkeeping services for an ehf.: books, payroll, VAT and annual accounts at a fixed price
Kassify is an accounting firm that runs the books, payroll, VAT returns, annual accounts and tax return of an Icelandic ehf. One fixed monthly price, in writing up front.
- Accounting firms
An AI accounting firm in Iceland: what the AI does, what the people do and who signs
Kassify is an accounting firm in Iceland that uses AI. Every task, what the AI does and what accredited bookkeepers and certified auditors do, the fixed monthly price, the move and who signs.
- Invoices
E-invoices in Iceland 2026: who requires them and how to send them
An e-invoice is an XML message, not a PDF by email. Every invoice to the Icelandic state has had to be electronic since 1 January 2020. The rules, the Peppol standard, the cost and the mistakes.
- Share capital and dividends
Share capital and dividends in 2026: three legal ways to take money out of an ehf.
An owner takes money out of an ehf. as salary, a dividend or loan repayment. The share capital rules, when a dividend may be paid, the 22% withholding, the due dates and a worked example in krónur.
- VAT
VAT returns in Iceland 2027: every due date and what happens if you miss one
The due date of every VAT period in Iceland in 2027, annual and monthly returns, nil returns, the surcharge and penalty interest worked out in krónur, and how to correct a filed return.
- Annual accounts
Annual accounts in Iceland: who must file, the 31 August deadline and the 600.000 kr. fine
Every ehf. and hf. files annual accounts with the annual accounts register, even with no activity. The deadline is 31 August and the fine 600.000 kr. Size classes, Hnappurinn, audit and fine reductions.
- Payroll
Payslips in Iceland 2026: what a payslip must show and how pay is calculated
What an Icelandic payslip must show, a payslip worked out for a 650.000 kr. monthly salary on Skatturinn's 2026 rates, what the employee costs the company and when each return is due.
- Payroll
Reiknað endurgjald 2026: what it is and what to pay yourself
Reiknað endurgjald is the salary an owner must set for their own work. Skatturinn's 2026 categories and monthly minimums, due dates, a worked example in krónur and the common mistakes.
- VAT
VSK number in Iceland: when you need one and how to get it
You get a VSK number by registering on the VAT register on form RSK 5.02, no later than 8 days before the business starts. Mandatory once it is clear sales will reach 2.000.000 kr. in 12 months.
- VAT
VAT in Iceland 2026: the rates, input VAT and what you cannot deduct
Icelandic VAT is 24% and 11%. The rates, what is exempt, output and input VAT with an example in krónur, the invoice that gives input VAT and what you cannot deduct.
- Starting a company
Starting an ehf in Iceland 2026: the steps, the cost and the first 30 days
Starting an ehf costs 140.500 kr. at Skatturinn's company register and the share capital is at least 500.000 kr. The seven steps, the founding documents, beneficial owners, the VAT register and the employer register in the first 30 days.
- Switching
dk raised its prices. Here are the 5 best alternatives and how to switch.
dk's prices rose this year. Here are the 5 best alternatives to dk, with prices from each company's site, and how to switch in less than 7 days.