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Bookkeeping for GmbHs in Germany: Do it yourself or get a tax adviser?

Should I do the bookkeeping for my GmbH myself, or should I hire a Steuerberater (tax adviser)? 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 …

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

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How to do bookkeeping for your UG company in Germany

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.

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Lohnabrechnung: How to read a German payslip

The payslip (known as a Lohnabrechnung, Gehaltsabrechnung or Entgeltabrechnung in Germany) is a document that has all the info about an employee’s salary, tax and social security contributions. But what’s on a payslip? And what else should I know about? In this guide, we help you decode this essential employee paperwork. Contents Legal Framework for …

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Gehaltsabrechnung: All the payslip abbreviations explained in plain English

When it comes to payroll accounting, a whole lot of abbreviations are used to indicate specific financial expenses and appear on an employee’s Gehaltsabrechnung (payslip). The abbreviations used on an employee’s payslip depend on the employment relationship. There are a lot of abbreviations to get your head around so we’ve put together a guide on …

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