Annual financial statements represent the closing of a fiscal year, and include a calculation of profit and loss. The counterpart for freelance (self-employed) professionals and for small businesses is called “excess revenue statement“. It serves the same purpose.

The balance – the comparison of assets and liabilities on the balance sheet date – is a key component of financial statements. Deadlines are adjusted by type of company and can range from three to twelve months.

Annual financial statements are among the most important documents for you as a business, because they contain all the ‘bare’ facts of your company: balance sheet, profit, loss – all this and much more is shown on this statement.

our job is to provide me with the necessary documents. I transform the numbers from your accounting records (and other data) into a ’round’ package.

My practice focuses on financial analysis and consulting.

Financial analysis

I will help you define your business objectives and support you in developing and controlling your business and financial plans. I’ll also help you develop your essential data regarding job-order costing (order calculation). Do you know what your fixed costs are, or how long liquidity can be maintained when a key client delays payment? I also organize the documents requested by your bank. I then advise you how you can receive a good “rating” (and the benefits of favorable interest rates).

Don’t accept errors. Get solid advice so you can avoid costly mistakes! Die Finanzbuchhaltung ist vor allem aber die Basis für Ihre betriebswirtschaftlichen Auswertungen. Die Finanzbuchhaltung ist vor allem aber die Basis für Ihre betriebswirtschaftlichen Auswertungen.

Lohnbuchführung

Mit der Lohnbuchführung werden Lohn- und Gehaltsabrechnungen für Ihre Mittarbeiterinnen und Mitarbeiter sowie die Lohnkonten und zugleich die erforderlichen Anmeldungen und Beitragsnachweise erstellt und Datenübermittlungen an die entsprechenden Stellen vorgenommen.

“Income tax liability begins with the completion of childbirth”

Anyone who is domiciled or habitually resident in Germany is subject to unlimited income tax on his or her total income and, with a few exceptions, is obliged to file an annual income tax return in Germany. The world income principle applies.

Unfortunately, the income tax return still does not fit on a coaster – although this has long been promised to us by politicians.

II will help you classify your income by income type, checking whether it’s taxable or tax-free, then classifying it according to the seven types of income that the Income Tax Act recognises. We take into account business expenses and income-related expenses as well as special expenses and other deductions, and determine the correct income tax together with any solidarity surcharge and church tax.

Income tax is a tax that only applies to income and, in some cases, to the development of assets. To the extent that tax planning and optimisation is possible, I will gladly help you.

With an expertly prepared income tax return, you will find out at the earliest possible point in time which tax payments are due to you.

An especially important part of the corporate tax return is the “Uniform and Separate Declaration of Determination of Profits”, which presents the results of the partnership for each individual shareholder and notifies the respective residence tax office of the shares in the result A shareholder often incurs expenses for his investment, which he pays privately. These must be declared as special business expenses, so that they are not lost for tax purposes.

A corporation tax return must be prepared for “non-natural persons” such as a GmbH or AG.

. The basis for trade tax, which is a municipal tax, is the profit according to the Income Tax Act. In the trade tax return, the additions and deductions regulated by the Trade Tax Act are made to determine the so-called trade tax base amount. This amount is multiplied by the municipalities via the trade tax measurement amount valid there. In this way, trade tax is calculated.

The VAT declaration is also part of the company’s tax returns. Value Added Tax is levied on the supplies and services provided by a company in Germany against payments within the framework of the company. The annual declaration explains the sales generated in a calendar year.