Optimising Taxes With Holding Structures in Germany: How It Works
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.
Creating a Jahresabschluss (the German equivalent of an annual financial statement): What you need to know
Every businessperson must prepare a Jahresabschluss at the end of each financial year and a comparison of expenses and income for that year. The Jahresabschluss is similar to an Annual Financial Statement but is more aptly described as Annual Accounts as it differs in some ways from the former. Here you can find out what you should know about preparing your business’s Jahresabschluss and what it must contain.
Accounting for a UG: How to do it yourself
If you want to do the accounting for your entrepreneurial company (UG) yourself, there are a number of things you have to sty on top of. Not only are you obliged to keep double-entry accounts, you also have to prepare annual accounts every year. The following guidelines explain how to approach these tasks the right …
How does payroll accounting (Lohnabrechnung / Gehaltsabrechnung) work in Germany?
Payroll accounting serves not only as a proof for the employee bu it’s also required for tax returns, when looking for a flat, and for granting loans. In this article, you can find out what it needs to contain and what the abbreviations mean.
An overview of taxes for sole proprietorships (Einzelunternehmen)
Learn all about the taxation of sole proprietorships and find out everything you need to know about VAT (Umsatzsteuer), income tax (Einkommensteuer) and trade tax (Gewerbesteuer).