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 …

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 …

The general purpose of bookkeeping is to ensure complete and consistent records of all business transactions that occur within a given financial year. There are two types of bookkeeping methods: the single-entry method (einfache Buchführung) and the double-entry method (doppelte Buchführung). Read on to find out what single-entry bookkeeping is, who can legally use it …