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 …
Read moreEntrepreneurs that are not obligated to prepare a balance sheet at the end of year must instead prepare an Einnahmenüberschussrechnung, or EÜR for short. But what exactly does the EÜR entail? Read on to find out what the EÜR encompasses, who may choose to prepare one and what should be kept in mind when doing …
Read moreSelf-employed persons (Selbstständige) in Germany can benefit from many tax reductions (Steuerminderungen), provided that the amounts are stated at the appropriate place in the tax declaration (Steuererklärung). 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 …
Read moreWant to know what your tax burden in Germany is like? The exact amount depends on many factors. In this article, you’ll learn about the most common tax types that a self-employed person must expect. We explain which tax types are relevant for whom and how the tax burden is composed. Learn more about how …
Read moreWhat 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) …
Read moreHow to prepare your annual accounts (Jahresabschluss in German) – 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 (Selbstständige) and entrepreneurs (Unternehmer) an overview of the previous year’s economic result and, above all, reports this to the tax …
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