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As a landlord, creating e-invoices can be a real challenge - especially if you want to ensure that everything is done correctly and on time. In a world where paper invoices are almost a relic of the past, we need to look at digital solutions that not only save us time and hassle, but also fulfil legal requirements. Did you know that the right e-invoice not only makes your accounting easier, but [...]
E-bill for landlords: Some tips 2025 Read more »
The issue of debit and actual taxation plays a central role in German tax law and has far-reaching consequences for both companies and the self-employed. Essentially, there are two different approaches to sales taxation, each of which has its own specific advantages and disadvantages. Debit taxation is characterised by taxation at the time of performance, regardless of whether the customer has already paid or not. In contrast, the
A comparison of target and actual taxation: advantages and disadvantages in tax law Read more »
In Germany, tax audits (or company audits) are a topic that is often associated with nervousness and uncertainty for companies. It is not only an obligation, but also an opportunity to check tax compliance and the efficiency of company management. During a tax audit, companies can face various challenges that need to be overcome. In order to successfully prepare for a tax audit (which will come sooner rather than later, with
What to do in the event of a tax audit? Read more »
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
Efficient contract management according to §2b UStG Read more »
The VAT liability for electronic services in accordance with Section 2b UStG is a central regulation in German tax law. It defines the tax obligations for companies that provide electronic services. Electronic services are digital products and services that are provided via electronic networks. This provision has far-reaching effects on the tax treatment of companies in the digital sector. § Section 2b UStG specifically regulates the VAT liability for legal entities under public law that
VAT obligation for electronic services: What does §2b UStG mean Read more »
Corporate taxes are a key source of revenue for the state to finance public spending. They are levied on company profits and income, whereby the amount can vary depending on the legal form and sector. The tax burden has a significant impact on the financial situation of companies, which is why a thorough examination of tax aspects and possible optimisation strategies is essential. In Germany, corporate taxation is based on the Income Tax Act (EStG) and the Corporation Tax Act (KStG). Corporations such as GmbHs are subject to
Corporate tax: limited liability companies, sole proprietorships and liberal professions Read more »
The annual financial statement is an important part of business life and plays a crucial role for companies. It provides a comprehensive overview of a company's financial position at the end of the financial year and enables stakeholders to make informed decisions. In this article, we will take a closer look at the importance of the year-end statement for your company and discuss the various aspects that need to be considered when preparing and interpreting it. Key Takeaways The
Annual financial statements: How to present your balance sheet professionally Read more »
Turnover tax, also known as value added tax (VAT), is an important tax in Germany. It affects both businesses and consumers and plays a crucial role in the German tax system. It is therefore of great importance to understand VAT and its impact on business and transactions. Key Takeaways Sales tax is a tax on the turnover of businesses. Any business that sells goods or services is subject to
VAT: Everything you need to know Read more »
Accounting is an essential part of any business, regardless of its size or industry. Proper bookkeeping allows companies to monitor their financial situation, make decisions based on accurate data and fulfil legal requirements. In this blog post, we will cover the most important accounting topics and give you a comprehensive overview of the different aspects. Key takeaways Bookkeeping is the systematic recording and processing
Accounting terms: The ABC of the financial world Read more »
Bookkeeping is very important for small business owners as it helps them keep track of their financial situation and run their business effectively. In this blog post, we will cover the different aspects of bookkeeping for small businesses and give tips on how to organise it efficiently. Key Takeaways Bookkeeping is a legal requirement for small business owners Small business owners can choose between cash basis accounting and balance sheet accounting Small business owners must keep certain records
Accounting for small businesses: What do I need to consider in 2024? Read more »
Accounting is an essential part of every company. It enables the company's financial situation to be monitored, transactions to be tracked and reports to be prepared. Proper bookkeeping is crucial to ensure the success of a business and to fulfil legal requirements. In this article, we will take a closer look at the importance of bookkeeping for businesses and highlight the different aspects of bookkeeping. Key Takeaways Bookkeeping is the systematic
Bookkeeping: The most important aspects of legally compliant bookkeeping [Update!] Read more »
Accounting is an essential part of every company, regardless of its size or sector. It involves the systematic recording, organising and recording of all financial transactions that a company undertakes. In this blog post, we will take a closer look at the different aspects of bookkeeping to gain a better understanding of its importance and requirements. Key Takeaways Bookkeeping is the systematic recording and analysing of business transactions. Companies need to keep accounts when
Bookkeeping for beginners: the most important basics explained Read more »
