Accountancy

Contents  The profits of a GmbH Appropriation of profits Profit distribution & capital gains tax  Partial income procedure Example of profit distribution taxation Creation of reserves Hidden profit distribution Trade tax Wage tax VAT Land tax & land transfer tax Want to know more about tax in Germany?   The profits of a GmbH Every …

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 How can I check a VAT-ID number? What happens if the number is wrong? Can foreign entities utilise a …

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 the One-Stop-Shop procedure in the EU? Who can use the One-Stop-Shop procedure? What are intra-Community distance sales? Do companies have to use the One-Stop-Shop procedure? Why use the One-Stop-Shop procedure? When can a company use the de minimis rule? What are the One-Stop-Shop obligations? What are the deadlines for One-Stop-Shop tax returns? …

How are incorporated companies taxed? Your tax liability as a shareholder of an incorporated company is naturally different from a partnership or a sole proprietorship. The amount of taxation and which types of taxes you have to pay depend on many factors. Some taxation applies to all commercial enterprises, while others are unique to limited …

Contents What is the Vorsteuerabzug (input tax deduction)? Can all businesses make input tax deductions? Which invoices are suitable? When can I make input tax deductions? Which invoices can I not deduct input tax from? What are the common pitfalls?  Would you like to know more?    What is the Vorsteuerabzug (input tax deduction) exactly? …