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Tax consultant

Financial accountant vs. tax consultant: who needs what?

In the world of financial accounting, there is often confusion about what services a financial accountant and a tax accountant each provide and who actually needs what. Whilst both professions play a central role in finance, their roles and responsibilities differ significantly. This differentiation is particularly important for companies that want to manage their financial obligations efficiently. So let's take a closer look at the differences between a financial accountant and a tax consultant [...].

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The secrets of financial accounting: What no accountant will tell you

Financial accounting is a crucial aspect of any business that is often fraught with misunderstanding and uncertainty. It's often the little secrets that accountants don't reveal - secrets that can have a significant impact on a company's financial well-being. If you want to find your way in the world of accounting, you should bear the following important points in mind: The role of financial accounting Financial accounting is the backbone of accounting. It ensures the

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Bookkeeping for beginners: A comprehensive guide for newcomers

Bookkeeping can seem like a huge maze, especially when you're just starting out. But don't worry. Because every one of us has taken that first step and asked ourselves, "Where do I start?" The world of financial accounting, payroll and bookkeeping can be overwhelming, but with the right guide, it quickly becomes comprehensible. According to numerous studies, companies that manage their accounting efficiently are more likely to be financially successful. But how

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The 10 most common accounting mistakes and how to avoid them

Accounting is the backbone of any business, regardless of its size or industry. Not only does it allow you to record all financial transactions, it also ensures that you fulfil your tax obligations and base strategic decisions on sound data. According to a survey conducted by the German Association of Tax Consultants, over 40 % of companies state that they have already suffered significant financial disadvantages due to accounting errors. But despite

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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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What you need to know about trade tax

Trade tax is a municipal tax paid by companies and the self-employed on their trade income. It is an important source of income for municipalities and is used to finance local infrastructure and public services. It is calculated on the basis of trade income, which is derived from company profits. The trade tax rate is set individually by each municipality and usually varies between 200% and 500%. As a municipal tax, the collection and determination of trade tax is the responsibility of

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