Tax returns – Which have to be submitted by corporations?
VAT return, corporate income tax return and trade tax return each year Legal entities such as AGs, GmbHs and UGs must submit a VAT return, a corporation tax return and a trade tax return for each financial year. Your turnover and the input tax claimed must be declared for each calendar year in the annual […]
Tax returns – Which have to be submitted by freelancers and sole traders?
Freelancers and sole traders – income tax, VAT and trade tax The income of sole traders and freelancers is recorded in the income tax return. As a rule, profits are shown as the difference between income and expenditure in a cash flow statement. The individual income and expenses must be determined in the correct amount […]
Tax and commercial balance sheets – Significant differences
The main differences between the commercial and tax balance sheets relate to the following items: Depreciation and amortization Goodwill Valuation simplification method for inventories Future price and cost increases in the calculation of provisions Pension provisions Provisions for onerous contracts Intangible assets in fixed assets. Do you need advice on this? Here you can find […]
Discount credit
How expensive is a discount credit? A supplier offers you to pay an invoice in full within 30 days or within 10 days with a 2% discount. Your bank charges 10% interest p.a. on overdrafts and 0% p.a. on current account balances. Is it cheaper to pay the invoice later or within a week with […]
Self-disclosure – How does it work?
There is no form or formal requirement for voluntary disclosure. The written form is always preferable in order to preserve evidence. The taxpayer must declare all amounts that are not time-barred and have not yet been declared in full. Partial voluntary declarations (either not all years or not all tax types or not all) are […]
Travel expenses – Why should a certified tax consultancy company check them?
Why do you need a tax consultant to check your travel expenses? You or your designated line managers are best placed to check the accuracy and content of your employees’ travel expense reports. On request, we can relieve you of some of the work and take over the arithmetical check of the submitted statements and […]
Travel Expenses – Constant Change of Regulations?
The income tax and social security regulations for the accounting of travel expenses are subject to constant change. Anyone who does not work with constantly updated programs and the latest laws runs the risk of submitting incorrect wage tax declarations and social security contribution statements and recording travel expenses incorrectly in the accounting system. Our […]
Legal Form Selection
The choice of legal form is much more than a formality when setting up a company. There are many legal and tax opportunities, but also risks to assess. We advise you on choosing the right legal form. Factors that are decisive in the legal form selection The form and manner in which a company is […]
Disclosure
Depending on size and legal form, certain financial data such as balance sheets, notes, etc. must be disclosed or filed in the Federal Gazette. Anyone can find out about the data disclosed in the electronic company register the electronic business register. If disclosure is not made within 12 months of the end of the financial […]
Branch office vs. Company
We are often asked which is better: a branch office or a limited company. Two facts are usually misjudged: Many believe that the effort and costs involved in setting up and managing a branch office are much lower than for a subsidiary. Others believe that they can do business or make extensive preparations in Germany […]