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

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 …

What benefits do holding structures offer small and medium-sized enterprises (SMEs)? Serial founder Michael Silberberger describes the advantages of holding structures and explores the tax optimisation possibilities.

This guide provides you with a complete overview of the basics of double entry bookkeeping (doppelte Buchführung), including explanations of essential processes, account systems, account classes, stock and profit and loss accounts, and much more. What exactly is double entry bookkeeping, or doppelte Buchführung? As the name suggests, the double entry method of bookkeeping involves …