Accountancy

Contents DIY bookkeeping Compliance requirements Bookkeeping strategies Time is money   Should I do the bookkeeping for my GmbH myself? It is a widespread belief that one can save tax adviser costs by handling the bookkeeping of a GmbH or any other type of company oneself. But does this really make sense, and does it …

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 …

Contents Financial peculiarities of the UG Double-entry accounting Accounting terms Stay on top of these things Want to learn more about the UG? What is a UG (haftungsbeschränkt)? – Definition and facts Should you set up a GmbH and a UG? Registering a GmbH or UG: Here’s how! How to find the perfect company name …

Contents What is an advance VAT return? Purpose Who has to submit one?  Exemptions Actual or debit taxation? Small businesses Deadlines Quarterly advance return Monthly advance return Annual VAT return Submitting the VAT return ELSTER certificate Permanent extension Missing deadlines Conclusion   Umsatzsteuervoranmeldung: What exactly is an advance VAT return? The Umsatzsteuervoranmeldung, or UStVA for …

Contents Understanding the basics Mandatory information VAT Creating your first invoice Sending invoices Record keeping Conclusion PDF template   Understanding the basics Before diving into the specifics, let’s cover the basics of an invoice and why it’s crucial for your business. A Rechnung (invoice) in German, is a document that details a transaction between a …

Contents Introduction What are business expenses in Germany? Types of business expenses Operating expenses Cost of goods sold Employee expenses Marketing and advertising expenses Travel and entertainment expenses Why business expenses matter Financial planning Tax purposes Profitability Analysis Conclusion   Betriebsausgaben: Understanding business expenses in Germany When you’re running a business, keeping track of your …