Accountancy

Summary In Germany, self-employed individuals are entitled to claim a variety of tax deductions. Many everyday business expenses—from equipment and software to travel, insurance, and training—qualify for tax deductions if documented correctly. Claiming these costs can lower your tax liability and income tax burden significantly, and sometimes lead to a tax refund. Contents Intro Overview: …

Contents What taxes do you have to pay? Tax declarations & the self-employed How can I lower my taxation?  Would you like to know more? What taxes do you have to pay when self-employed? The tax types that you have to pay as a self-employed person depend on the legal form of your company. For …

Contents What is an annual financial statement? Why prepare one? Who has to publish one? How to file it? Why does the publishing obligation apply? How are companies classified by size? What are the components? What are the publishing deadlines? Who signs the Jahresabschluss? What are the costs? Want to know?   [BEGIN: Insert an …

Contents Financial peculiarities Double-entry accounting Accounting terms Stay on top of these things Want to learn more? What is a UG (haftungsbeschränkt)? – Definition and facts Registering a GmbH or UG: Here’s how! How to find the perfect company name for your UG or GmbH The gUG (haftungsbeschränkt) – the German non-profit legal form Tax …

Definition: What is payroll accounting? Preparing payroll slips can cost employers a lot of time. Payroll slips document the composition of an employee’s wages or salary for a certain period of time. The main purpose of payroll is to record an employee’s salary entitlement in writing, which then provides proof of wages or salary and …

Contents Sole proprietorships & taxes Sole proprietorships vs. other legal forms EÜR: Calculating taxes Types of taxes Conclusion   What do I need to know about sole proprietorships & taxation? Knowing the answers to the following questions will keep you informed: What differentiates a sole proprietorship from partnerships and corporations in terms of taxes? Which …