Law

GDPR: Data protection rules for companies

The General Data Protection Regulation (GDPR) is an EU regulation that came into force on 25 May 2018. It aims to strengthen the protection of personal data and extend the rights of EU citizens with regard to their data. The GDPR applies to all companies that process the personal data of EU citizens, regardless of where the company is based. This means that companies worldwide must comply with the GDPR when interacting with EU citizens. The GDPR is of great importance for companies [...]

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Efficient contract management according to §2b UStG

The introduction of Section 2b of the German Value Added Tax Act (UStG) has a significant impact on contract management in legal entities under public law. This paragraph regulates the VAT treatment of services provided by legal entities under public law. In contract management, this means that public law entities must review their activities for their VAT relevance. This applies in particular to services that are provided within the scope of public authority, as well as co-operations between public institutions. The correct

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What does a tax audit mean?

A tax audit is a systematic examination of a company's tax situation by the tax authorities (and as long as you're not Al Capone, everything should be fine, just to clarify...). It serves to verify the accuracy and completeness of tax information and compliance with applicable tax laws. The audit can cover one or more tax periods and involves analysing accounting records, receipts and other relevant documents. Tax audits can be announced

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Housing management: tasks and cooperation

Flat management is an essential part of property management. It comprises various areas of responsibility that ensure the smooth running of the tenancy between tenants and landlords. The main tasks include the letting of residential units, the billing of operating costs, the maintenance and servicing of the property and communication between all parties involved. Effective property management is characterised by expertise, reliability and transparency. It has in-depth knowledge of tenancy law and ensures the correct management of the property.

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Legal aspects of BIM: what you need to know

Building Information Modelling (BIM) is a digital method for planning, creating and managing buildings. This technology enables the creation of a virtual 3D model that contains all relevant information about a building. The BIM model serves as a central source of information for all parties involved in the construction project and covers the entire life cycle of a building, from design and construction through to operation and dismantling. The implementation of BIM brings various legal

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Significance of the electro-acoustic system (ELA)

The history of electroacoustic systems (ELA) dates back to the early 1920s, when the first attempts were made to transmit sound signals via electrical cables. In the 1930s, companies such as Siemens and Telefunken began to develop ELA systems for use in public buildings, factories and other commercial facilities. However, these early systems were still quite primitive and could only transmit simple voice announcements. In the 1950s and 1960s

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What is NIS2?

The EU Cybersecurity Act is an important step towards strengthening cybersecurity in the European Union. A central component of this act is NIS2, the second Network and Information Security Act. NIS2 aims to improve the security of networks and information systems in the EU and increase resilience to cyberattacks. In this article, we will take a closer look at NIS2 and discuss its significance for companies and operators of critical infrastructures.

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What is the difference between operating leasing and finance leasing?

Leasing is an important financing method for companies, especially those that need to make large investments but do not have sufficient capital. It allows them to use assets such as machinery, vehicles or property without having to buy them. There are different types of leases, including operating leases and finance leases. In this article, we will explore the differences between these two types of leases and analyse their impact on businesses. Key Takeaways

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IFRS 16 Leasing: What companies need to know about the new regulations

The International Financial Reporting Standards (IFRS) are a series of accounting standards developed by the International Accounting Standards Board (IASB). One of the latest standards is IFRS 16, which came into force in January 2019. This standard has a significant impact on lease accounting and is therefore of great importance to companies. What is IFRS 16 and why was it introduced? IFRS 16 is an accounting standard,

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