Accountancy

Contents What is a VAT ID (USt-IdNr)? Who needs a USt-IdNr? What does the USt-IdNr look like? Where can you apply for the USt-IdNr? Where does the USt-IdNr appear? What is meant by intra-Community acquisition? FAQ Examples of how to use a VAT number Summary  Want to know more about accounting in Germany?   USt-IdNr …

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 …

Contents What is input VAT deduction? Can all businesses use input VAT deduction? Which invoices are eligible for deduction? When can I make input VAT deduction? Which invoices can I not deduct VAT from? What are the common pitfalls? Would you like to know more?   What is the input VAT deduction? When you buy …

Contents Holding structures for SMEs Splitting up a company Case study: Forming 4 UGs in 40 minutes Advice from experienced entrepreneurs An insider tip for selling a company Would you like to know more?   [BEGIN: Insert an Image between this tag] [END insert Image] I can help you set up a holding structure I’m …

Summary Double-entry bookkeeping records each transaction twice as debit and credit, ensuring both sides balance. It separates balance sheet accounts and profit and loss accounts to reflect assets, liabilities, income and expenses. It is mandatory for registered merchants and most corporations such as GmbH or UG, depending on size thresholds. Core outputs include journal, general …

Contents The basics Dealing with VAT Who can prepare a profit and loss statement? What to consider EÜR & your tax return Profit and loss statement vs. balance sheet Data transfer EÜR submission FAQ Small business regulation Profit and loss statement: The basics The Einnahmenüberschussrechnung is a simplified type of profit calculation. In Austria, the …