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 …

Contents The basics Dealing with VAT  Who can prepare an EÜR? What to consider The EÜR & your tax return EÜR vs. a balance sheet Data transfer EÜR submission FAQs Small business regulation Accounting on an EÜR basis: The basics The Einnahmenüberschussrechnung is a simplified type of profit calculation. In Austria, the EÜR is also …

Contents Key terms What can you deduct as business expenses? Using depreciation properly Making use of flat-rate tax allowances Using the investment deduction amount What are the typical costs that are tax deductible?  Want to know more about accounting rules?    Some German tax terminology Selbstständige (the self-employed) in Germany can benefit from many tax …

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 Lohnsteuer: Wage tax Lohnsteuerklassen: Tax classes Changing your wage tax class How to report wage tax How is it calculated? Optimising wage tax Lump sums and flat rates Lohnsteuererklärung: Tax declarations Lohnsteuernachzahlungen: Back payments Want to know more?    Wage tax Lohnsteuer (wage tax) is an advance on Einkommensteuer (income tax) paid by the …

Contents What are size classes? Size class structure Exceptions Duties & facilities Want to know more?   Größenklassen: What are size classes in the commercial code? The four size classes are defined in the HGB (commercial code) for accounting law. They are used for corporations, including the GmbH, the UG and the AG. The size …