Verdienstbescheinigung & Lohnabrechnung: Everything you need to know about earnings statements & payslips in Germany
Contents Are payslips mandatory? Why do I need a payslip? What if I haven’t received a payslip? What do I do about an incorrect payslip? What happens if I’ve been paid too much? Does my employer have to send me the payslip? Verdienstbescheinigung (earnings certificates) Vermögenswirksame Leistungen (capital-forming benefits) Payslip for fixed-term contracts What does …
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Rücklagen: Everything you need to know about forming reserves for the AG, UG & GmbH
Contents Rücklagen Offenen Rücklagen (open reserves) Stille Rücklagen (hidden reserves) Rücklagen vs. Rückstellungen How to build reserves Kapitalrücklage (capital reserve) Gewinnrücklagen (retained earnings) How are reserves dissolved? FAQs Want to know more? Rücklagen: What are reserves? Rücklagen is a German accounting term. Put simply; reserves are a company’s savings (Sparguthaben). The formation of reserves is …
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Lohnabrechnung: How to read a German payslip
Contents Legal Framework What must payslips in Germany contain? FAQs Want to know more? Legal Framework for payroll accounting A pay slip or salary statement is the right of every employee. Every employer is therefore obliged to issue a monthly payslip. The legal basis of the payroll system has three pillars: GewO: The remuneration components …
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Lohnnebenkosten: What are the non-wage labour costs in Germany?
Contents Components of non-wage labour costs Non-wage labour costs for employers How do statutory non-wage labour costs work? Special non-wage labour costs Variable & voluntary non-wage labour costs Example non-wage labour cost calculations What is the purpose of these costs? Would you like to know more? What are the components of non-wage labour costs in …
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Gehaltsabrechnung: All the payslip abbreviations explained in plain English
Contents What is Gehaltsabrechnung? Payroll abbreviations Further tips Want to know more? What is Gehaltsabrechnung? This payslip in Germany goes by several names: Mainly Gehaltsabrechnung but also Entgeltabrechnung and Lohnabrechnung. As the name suggests, this document clearly shows the gross and net values of an employee’s remuneration and proves the employee’s financial entitlements. Once a …
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Kleinunternehmerregelung: What you need to know about the small business regulation
Contents What is the Kleinunternehmerregelung? What are Umsatzsteuer & Vorsteuer? How can I apply for the Kleinunternehmerregelung? What are the profit & turnover limits? What are the advantages? What are the disadvantages? How much tax will I have to pay? What should my invoice include? Other features How can I stop being a Kleinunternehmen? Kleinunternehmer …
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