{"id":4210,"date":"2023-08-28T23:28:07","date_gmt":"2023-08-28T21:28:07","guid":{"rendered":"https:\/\/www.benefitax.de\/annual-financial-statements-according-to-commercial-and-tax-law\/"},"modified":"2025-04-14T14:20:03","modified_gmt":"2025-04-14T12:20:03","slug":"preparation-of-professional-annual-financial-statements","status":"publish","type":"page","link":"https:\/\/www.benefitax.de\/en\/preparation-of-professional-annual-financial-statements\/","title":{"rendered":"Preparation of Professional Annual Financial Statements"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"4210\" class=\"elementor elementor-4210 elementor-1973\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7fd3cab elementor-section-height-min-height elementor-section-boxed elementor-section-height-default elementor-section-items-middle\" data-id=\"7fd3cab\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-b291cc7\" data-id=\"b291cc7\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a9e681b elementor-widget elementor-widget-heading\" data-id=\"a9e681b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">PREPARATION OF QUALIFIED FINANCIAL STATEMENTS IN ACCORDANCE WITH COMMERCIAL AND TAX LAW<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c5ca5fb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c5ca5fb\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-0bd6b9b\" data-id=\"0bd6b9b\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c647369 elementor-widget elementor-widget-spacer\" data-id=\"c647369\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6ee067f elementor-widget elementor-widget-text-editor\" data-id=\"6ee067f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Preparing annual financial statements in accordance with commercial and tax law is one of the reserved tasks for tax consultants. Laymen can make many mistakes. Therefore: let us prepare your annual financial statements professionally.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f714f76 elementor-widget elementor-widget-heading\" data-id=\"f714f76\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Balance sheet, profit and loss account, notes and management report - you will find support from us!<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-73a1520 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"73a1520\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-d4e5c83\" data-id=\"d4e5c83\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9e26e4b elementor-widget elementor-widget-text-editor\" data-id=\"9e26e4b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>In principle, all merchants must prepare annual financial statements within certain deadlines. Only sole proprietorships with low turnover and profits do not have to prepare financial statements. Annual financial statements consist of at least a balance sheet and a profit and loss account (P&amp;L). In addition, GmbH &amp; Co KGs and corporations such as GmbHs must prepare notes and comply with other regulations, unless they fall under the exemptions for micro-corporations. In addition, <span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); font-size: 1rem;\">companies<\/span> <span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); font-size: 1rem;\">of a certain size must prepare a management report.<br \/>This must be audited by an independent auditor or sworn accountant<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-dfc6e41\" data-id=\"dfc6e41\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ca8c981 elementor-widget elementor-widget-image\" data-id=\"ca8c981\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"430\" height=\"283\" src=\"https:\/\/www.benefitax.de\/wp-content\/uploads\/2023\/08\/Jahresabschluss_Screenshot-430x283-1.jpg\" class=\"attachment-large size-large wp-image-3636\" alt=\"\" srcset=\"https:\/\/www.benefitax.de\/wp-content\/uploads\/2023\/08\/Jahresabschluss_Screenshot-430x283-1.jpg 430w, https:\/\/www.benefitax.de\/wp-content\/uploads\/2023\/08\/Jahresabschluss_Screenshot-430x283-1-300x197.jpg 300w\" sizes=\"(max-width: 430px) 100vw, 430px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f666e36 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"f666e36\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.benefitax.de\/en\/contact\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Contact us now<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2183008 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2183008\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-ee0fab8\" data-id=\"ee0fab8\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-403aa31 elementor-widget elementor-widget-heading\" data-id=\"403aa31\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Annual financial statements as a basis for decision-making  <\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-81142a5 elementor-widget elementor-widget-text-editor\" data-id=\"81142a5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Annual financial statements are an important basis for decision-making. For example, when investors or buyers are sought for a company or when banks grant loans. They also inform shareholders and third parties about the company&#8217;s business success.<\/p><p>Due to deviating regulations in commercial and tax law, a different tax balance sheet must be prepared in many cases.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-29907dc\" data-id=\"29907dc\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5bfaa47 elementor-widget elementor-widget-heading\" data-id=\"5bfaa47\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">What is required when preparing annual financial statements  <\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6dbcbf3 elementor-widget elementor-widget-accordion\" data-id=\"6dbcbf3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1151\" class=\"elementor-tab-title\" data-tab=\"1\" role=\"button\" aria-controls=\"elementor-tab-content-1151\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">You can expect these services from us<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-1151\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"region\" aria-labelledby=\"elementor-tab-title-1151\"><ul><li>Reconciliation of the opening balance sheet with the closing balance sheet of the previous year<\/li><li>Critical review of <a href=\"https:\/\/www.benefitax.de\/en\/financial-accounting\/\" target=\"_blank\" rel=\"noopener\">financial accounting<\/a><\/li><li>Deferral of revenue and costs to the correct financial year<\/li><li>Depreciation of fixed assets<\/li><li>If necessary, value adjustment of receivables<\/li><li>Participation in the inventory, if applicable<\/li><li>Support with the valuation of inventories<\/li><li>Determine provisions<\/li><li>Perform tax calculation<\/li><li>Note if there is a potential risk of insolvency, e.g. in the event of balance sheet over-indebtedness or (imminent) insolvency.<\/li><\/ul><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-93c37e0 elementor-widget elementor-widget-text-editor\" data-id=\"93c37e0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>As auditors, we always prepare a report on the preparation of the annual financial statements in accordance with the requirements of IDW S 7, which you can present to your bank or other shareholders, for example. This is because banks appreciate it when an auditor has prepared the annual financial statements, as the quality is often considered to be higher than when prepared by tax consultants alone.<\/p><p>Differing regulations in commercial and tax law sometimes require a tax balance sheet that differs from the commercial balance sheet.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-f9b3a92 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f9b3a92\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-959a061\" data-id=\"959a061\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c6d66c2 elementor-widget elementor-widget-spacer\" data-id=\"c6d66c2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5b31cbc elementor-widget elementor-widget-heading\" data-id=\"5b31cbc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Preparation of tax balance sheets  <\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-29e0751 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"29e0751\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-70b084b\" data-id=\"70b084b\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6a7a0d3 elementor-widget elementor-widget-image\" data-id=\"6a7a0d3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"800\" height=\"600\" src=\"https:\/\/www.benefitax.de\/wp-content\/uploads\/2023\/11\/Favorit_Steuerbilanz-1024x768.jpg\" class=\"attachment-large size-large wp-image-3657\" alt=\"\" srcset=\"https:\/\/www.benefitax.de\/wp-content\/uploads\/2023\/11\/Favorit_Steuerbilanz-1024x768.jpg 1024w, https:\/\/www.benefitax.de\/wp-content\/uploads\/2023\/11\/Favorit_Steuerbilanz-300x225.jpg 300w, https:\/\/www.benefitax.de\/wp-content\/uploads\/2023\/11\/Favorit_Steuerbilanz-768x576.jpg 768w, https:\/\/www.benefitax.de\/wp-content\/uploads\/2023\/11\/Favorit_Steuerbilanz-1536x1152.jpg 1536w, https:\/\/www.benefitax.de\/wp-content\/uploads\/2023\/11\/Favorit_Steuerbilanz-2048x1536.jpg 2048w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-092b4a5\" data-id=\"092b4a5\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9e41185 elementor-widget elementor-widget-text-editor\" data-id=\"9e41185\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The figures to be entered in the tax return are derived either from the commercial balance sheet or a separate tax balance sheet. The tax balance sheet is prepared solely in accordance with the rules of tax law. It has the task of determining the basis for calculating income tax. This is also known as the assessment basis. The main differences between commercial and tax balance sheets can be found <a href=\"https:\/\/www.benefitax.de\/en\/tax-and-commercial-balance-sheets-significant-differences\/\" target=\"_blank\" rel=\"noopener\"><u>here<\/u><\/a>.<\/p><p>Too much information at once? As tax consultants, we know how quickly outsiders can become confused by the terminology. And you don&#8217;t need to. Leave the preparation of tax balance sheets as part of qualified annual financial statements to us.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-84fc098 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"84fc098\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.benefitax.de\/en\/contact\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Contact us now<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-cc8a82f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"cc8a82f\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-59113f4\" data-id=\"59113f4\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5c5645b elementor-widget elementor-widget-spacer\" data-id=\"5c5645b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3a88f7b elementor-widget elementor-widget-heading\" data-id=\"3a88f7b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Preparation of commercial balance sheets  <\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-26108d6 elementor-widget elementor-widget-text-editor\" data-id=\"26108d6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The annual financial statements are prepared from the <strong><a href=\"https:\/\/www.benefitax.de\/en\/financial-accounting\/\" target=\"_blank\" rel=\"noopener\">accounting<\/a><\/strong> derived from the bookkeeping. If the bookkeeping is incomplete or incorrect, this leads to incorrect annual financial statements. And this leads to trouble with the tax office if the turnover does not match the advance VAT returns submitted. This often leads to queries from the tax office or special VAT audits. If the bookkeeping contains errors, we correct them in the annual financial statements. If we have already prepared the bookkeeping, the work involved in preparing the annual financial statements is less.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-top-column elementor-element elementor-element-17670e6\" data-id=\"17670e6\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a09a88e elementor-widget elementor-widget-spacer\" data-id=\"a09a88e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5c746a0 elementor-widget elementor-widget-heading\" data-id=\"5c746a0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\">Revenue surplus accounts  <\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-54632a3 elementor-widget elementor-widget-text-editor\" data-id=\"54632a3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>If you are not obliged to prepare annual financial statements, it is sufficient to determine the profit as the surplus of operating income over operating expenses at\u00a0.<br \/>These are then compiled in a so-called\u00a0income statement.<br \/>You can find more information on this \u00a0\u00a0<a href=\"https:\/\/www.benefitax.de\/en\/cash-basis-accounting\/\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/p><p>You are welcome to commission us to prepare your income statement at\u00a0.<br \/>Also \u00a0<span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); font-size: 1rem;\">the relevant tax forms,\u00a0<\/span><span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); font-size: 1rem;\">In this context, we are also happy to fill out the relevant tax forms that the tax office must receive.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5071e82 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5071e82\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c220559\" data-id=\"c220559\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-022dc38 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"022dc38\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c24b00b\" data-id=\"c24b00b\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7129ef8 elementor-widget elementor-widget-heading\" data-id=\"7129ef8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Disclosure - meet deadlines, otherwise you could face high fines  <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5374f2f elementor-widget elementor-widget-text-editor\" data-id=\"5374f2f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>In order to avoid fines, certain financial data must be disclosed or filed depending on the size and legal form.<br \/>Further details can be found <a href=\"https:\/\/www.benefitax.de\/en\/disclosure\/\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>PREPARATION OF QUALIFIED FINANCIAL STATEMENTS IN ACCORDANCE WITH COMMERCIAL AND TAX LAW Preparing annual financial statements in accordance with commercial and tax law is one of the reserved tasks for tax consultants. Laymen can make many mistakes. Therefore: let us prepare your annual financial statements professionally. Balance sheet, profit and loss account, notes and management [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-4210","page","type-page","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Preparation of Professional Annual Financial Statements - Steuerberatung | Wirtschaftspr\u00fcfung<\/title>\n<meta name=\"description\" content=\"Annual financial statements in accordance with commercial and tax law: mandatory for corporations and partnerships \u25b7 A core topic for Benefitax \u25b7+49 69 25 62 27 60\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.benefitax.de\/en\/preparation-of-professional-annual-financial-statements\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Preparation of Professional Annual Financial Statements - Steuerberatung | Wirtschaftspr\u00fcfung\" \/>\n<meta property=\"og:description\" content=\"Annual financial statements in accordance with commercial and tax law: mandatory for corporations and partnerships \u25b7 A core topic for Benefitax \u25b7+49 69 25 62 27 60\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.benefitax.de\/en\/preparation-of-professional-annual-financial-statements\/\" \/>\n<meta property=\"og:site_name\" content=\"Steuerberatung | Wirtschaftspr\u00fcfung\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Benefitax\/\" \/>\n<meta property=\"article:modified_time\" content=\"2025-04-14T12:20:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.benefitax.de\/wp-content\/uploads\/2023\/08\/Jahresabschluss_Screenshot-430x283-1.jpg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@Benefitax\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.benefitax.de\\\/en\\\/preparation-of-professional-annual-financial-statements\\\/\",\"url\":\"https:\\\/\\\/www.benefitax.de\\\/en\\\/preparation-of-professional-annual-financial-statements\\\/\",\"name\":\"Preparation of Professional Annual Financial Statements - Steuerberatung | Wirtschaftspr\u00fcfung\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.benefitax.de\\\/en\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.benefitax.de\\\/en\\\/preparation-of-professional-annual-financial-statements\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.benefitax.de\\\/en\\\/preparation-of-professional-annual-financial-statements\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.benefitax.de\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/Jahresabschluss_Screenshot-430x283-1.jpg\",\"datePublished\":\"2023-08-28T21:28:07+00:00\",\"dateModified\":\"2025-04-14T12:20:03+00:00\",\"description\":\"Annual financial statements in accordance with commercial and tax law: mandatory for corporations and partnerships \u25b7 A core topic for Benefitax \u25b7+49 69 25 62 27 60\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.benefitax.de\\\/en\\\/preparation-of-professional-annual-financial-statements\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.benefitax.de\\\/en\\\/preparation-of-professional-annual-financial-statements\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.benefitax.de\\\/en\\\/preparation-of-professional-annual-financial-statements\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.benefitax.de\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/Jahresabschluss_Screenshot-430x283-1.jpg\",\"contentUrl\":\"https:\\\/\\\/www.benefitax.de\\\/wp-content\\\/uploads\\\/2023\\\/08\\\/Jahresabschluss_Screenshot-430x283-1.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.benefitax.de\\\/en\\\/preparation-of-professional-annual-financial-statements\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Startseite\",\"item\":\"https:\\\/\\\/www.benefitax.de\\\/en\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Preparation of Professional Annual Financial Statements\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.benefitax.de\\\/en\\\/#website\",\"url\":\"https:\\\/\\\/www.benefitax.de\\\/en\\\/\",\"name\":\"Steuerberatung | Wirtschaftspr\u00fcfung\",\"description\":\"Steuerberater f\u00fcr den Mittelstand und f\u00fcr verm\u00f6gende Privatpersonen\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.benefitax.de\\\/en\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.benefitax.de\\\/en\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/www.benefitax.de\\\/en\\\/#organization\",\"name\":\"Steuerberatung | Wirtschaftspr\u00fcfung\",\"url\":\"https:\\\/\\\/www.benefitax.de\\\/en\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.benefitax.de\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/www.benefitax.de\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/Logo2009_RGB_0_81_205-300x120-1.jpg\",\"contentUrl\":\"https:\\\/\\\/www.benefitax.de\\\/wp-content\\\/uploads\\\/2022\\\/12\\\/Logo2009_RGB_0_81_205-300x120-1.jpg\",\"width\":300,\"height\":120,\"caption\":\"Steuerberatung | Wirtschaftspr\u00fcfung\"},\"image\":{\"@id\":\"https:\\\/\\\/www.benefitax.de\\\/en\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/Benefitax\\\/\",\"https:\\\/\\\/x.com\\\/Benefitax\",\"https:\\\/\\\/www.xing.com\\\/pages\\\/benefitaxgmbh\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Preparation of Professional Annual Financial Statements - Steuerberatung | Wirtschaftspr\u00fcfung","description":"Annual financial statements in accordance with commercial and tax law: mandatory for corporations and partnerships \u25b7 A core topic for Benefitax \u25b7+49 69 25 62 27 60","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.benefitax.de\/en\/preparation-of-professional-annual-financial-statements\/","og_locale":"en_US","og_type":"article","og_title":"Preparation of Professional Annual Financial Statements - Steuerberatung | Wirtschaftspr\u00fcfung","og_description":"Annual financial statements in accordance with commercial and tax law: mandatory for corporations and partnerships \u25b7 A core topic for Benefitax \u25b7+49 69 25 62 27 60","og_url":"https:\/\/www.benefitax.de\/en\/preparation-of-professional-annual-financial-statements\/","og_site_name":"Steuerberatung | Wirtschaftspr\u00fcfung","article_publisher":"https:\/\/www.facebook.com\/Benefitax\/","article_modified_time":"2025-04-14T12:20:03+00:00","og_image":[{"url":"https:\/\/www.benefitax.de\/wp-content\/uploads\/2023\/08\/Jahresabschluss_Screenshot-430x283-1.jpg","type":"","width":"","height":""}],"twitter_card":"summary_large_image","twitter_site":"@Benefitax","twitter_misc":{"Est. reading time":"4 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.benefitax.de\/en\/preparation-of-professional-annual-financial-statements\/","url":"https:\/\/www.benefitax.de\/en\/preparation-of-professional-annual-financial-statements\/","name":"Preparation of Professional Annual Financial Statements - Steuerberatung | Wirtschaftspr\u00fcfung","isPartOf":{"@id":"https:\/\/www.benefitax.de\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.benefitax.de\/en\/preparation-of-professional-annual-financial-statements\/#primaryimage"},"image":{"@id":"https:\/\/www.benefitax.de\/en\/preparation-of-professional-annual-financial-statements\/#primaryimage"},"thumbnailUrl":"https:\/\/www.benefitax.de\/wp-content\/uploads\/2023\/08\/Jahresabschluss_Screenshot-430x283-1.jpg","datePublished":"2023-08-28T21:28:07+00:00","dateModified":"2025-04-14T12:20:03+00:00","description":"Annual financial statements in accordance with commercial and tax law: mandatory for corporations and partnerships \u25b7 A core topic for Benefitax \u25b7+49 69 25 62 27 60","breadcrumb":{"@id":"https:\/\/www.benefitax.de\/en\/preparation-of-professional-annual-financial-statements\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.benefitax.de\/en\/preparation-of-professional-annual-financial-statements\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.benefitax.de\/en\/preparation-of-professional-annual-financial-statements\/#primaryimage","url":"https:\/\/www.benefitax.de\/wp-content\/uploads\/2023\/08\/Jahresabschluss_Screenshot-430x283-1.jpg","contentUrl":"https:\/\/www.benefitax.de\/wp-content\/uploads\/2023\/08\/Jahresabschluss_Screenshot-430x283-1.jpg"},{"@type":"BreadcrumbList","@id":"https:\/\/www.benefitax.de\/en\/preparation-of-professional-annual-financial-statements\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Startseite","item":"https:\/\/www.benefitax.de\/en\/"},{"@type":"ListItem","position":2,"name":"Preparation of Professional Annual Financial Statements"}]},{"@type":"WebSite","@id":"https:\/\/www.benefitax.de\/en\/#website","url":"https:\/\/www.benefitax.de\/en\/","name":"Steuerberatung | Wirtschaftspr\u00fcfung","description":"Steuerberater f\u00fcr den Mittelstand und f\u00fcr verm\u00f6gende Privatpersonen","publisher":{"@id":"https:\/\/www.benefitax.de\/en\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.benefitax.de\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.benefitax.de\/en\/#organization","name":"Steuerberatung | Wirtschaftspr\u00fcfung","url":"https:\/\/www.benefitax.de\/en\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.benefitax.de\/en\/#\/schema\/logo\/image\/","url":"https:\/\/www.benefitax.de\/wp-content\/uploads\/2022\/12\/Logo2009_RGB_0_81_205-300x120-1.jpg","contentUrl":"https:\/\/www.benefitax.de\/wp-content\/uploads\/2022\/12\/Logo2009_RGB_0_81_205-300x120-1.jpg","width":300,"height":120,"caption":"Steuerberatung | Wirtschaftspr\u00fcfung"},"image":{"@id":"https:\/\/www.benefitax.de\/en\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/Benefitax\/","https:\/\/x.com\/Benefitax","https:\/\/www.xing.com\/pages\/benefitaxgmbh"]}]}},"_links":{"self":[{"href":"https:\/\/www.benefitax.de\/en\/wp-json\/wp\/v2\/pages\/4210","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benefitax.de\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.benefitax.de\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.benefitax.de\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benefitax.de\/en\/wp-json\/wp\/v2\/comments?post=4210"}],"version-history":[{"count":5,"href":"https:\/\/www.benefitax.de\/en\/wp-json\/wp\/v2\/pages\/4210\/revisions"}],"predecessor-version":[{"id":23860,"href":"https:\/\/www.benefitax.de\/en\/wp-json\/wp\/v2\/pages\/4210\/revisions\/23860"}],"wp:attachment":[{"href":"https:\/\/www.benefitax.de\/en\/wp-json\/wp\/v2\/media?parent=4210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}