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Master list: Accountancy

Want accounting and taxation in Germany explained to you in plain English? You’ve come to the right place! From tax optimisation strategies for your company to a primer in EOFY accounting, get your German foundership education here. All the articles have been categorised (see the contents below) and linked for ease of navigation. We hope …

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What’s tax deductible for a self-employed person in Germany?

Self-employed persons (Selbstst√§ndige) in Germany can benefit from many tax reductions (Steuerminderungen), provided that the amounts are stated at the appropriate place in the tax declaration (Steuererkl√§rung). In order to get through the financial year with the best possible tax advantages, you not only have to keep all the receipts (Belege) of your purchases, but …

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Lohnsteuer: Get to know all about wage tax in Germany

What exactly is wage tax (Lohnsteuer), how is it calculated and how can the net wage be optimised? In this article, you’ll find basic information about wage taxes in Germany, how to report them, wage tax classes, wage tax compensation and net wage optimisation. Lohnsteuer: Definition Wage tax is an advance on income tax (Einkommensteuer) …

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Jahresabschluss Checklist: How to manage your first annual accounts

How to prepare your annual accounts (Jahresabschluss in German) ‚Äď a simple explanation. German business economist and coach Dagmar Meinz is offering us her best tips for your first Jahresabschluss. The Jahresabschluss give self-employed persons (Selbstst√§ndige) and entrepreneurs (Unternehmer) an overview of the previous year’s economic result and, above all, reports this to the tax …

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