Accountancy

Should I do the bookkeeping for my GmbH myself, or should I hire a tax adviser (Steuerberater)? Can a layperson actually do bookkeeping? Does it make sense to use accounting software? This article explores whether it’s worthwhile to invest in a tax adviser by weighing up the pros of cons. Contents: Should I do the …

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 business education here. All the articles have been categorised (see the contents below) and linked for ease of navigation. We hope …

If you want to do the accounting for your entrepreneurial limited liability company (UG) yourself, there are a number of things you have to stay on top of. Not only are you obliged to keep double-entry accounts, but you also have to prepare annual accounts every year.

The One-Stop-Shop (OSS) procedure makes it easier for particular companies within the EU to pay VAT on sales to other EU countries.

The OSS replaces the “mini-one-stop-shop” (MOSS) procedure, which was similar but had a smaller scope.

What is the tax liability of an incorporated company in Germany? In this article, you will learn what taxes shareholders of limited liability companies, including non-profit corporations, should expect.

Every business subject to VAT (Mehrwertsteuer or Umsatzsteuer) can deduct input tax (Vorsteuer) to reduce its VAT liability. This involves offsetting the input tax a business pays against the VAT that it charges its customer. This makes the input tax deduction (Vorsteuerabzug) a crucial item for the advance VAT return (Umsatzsteuervoranmeldung). Contents: What is the …