Voluntary audits of annual financial statements
Audits of annual financial statements The audit of the annual financial statements is required by law for companies with a certain balance sheet total or number of employees. In accordance with Section 267 (1) in conjunction with Section 316 (1) HGB, companies that exceed two of the three criteria listed below on two consecutive balance […]
Holding companies
The holding company as a tax-saving model? Holding companies hold investments in other companies. The bookkeeping and annual financial statements are generally very straightforward due to the low level of business activity. According to Section 8b of the German Corporation Tax Act, profit distributions from other corporations to the holding company are tax-free if the […]
Commercial balance sheets – functions and purposes
On the one hand, commercial balance sheets are required by law, but they also fulfill good functions for companies and their partners: on the one hand, they show investors how a company is doing and how it has developed. On the other hand, the commercial balance sheet is an important statement for company management and […]
GGI Global Alliance AG
GGI is a public limited company under Swiss law with its administrative headquarters in Baar. More than 600 member companies are present in over 120 countries. The more than 30,000 employees of the member companies generate a cumulative turnover of over 6 billion US dollars. GGI regularly performs well in international rankings of Alliances and […]
Specialist advisors for international taxation
There are only a few experts among tax consultants and lawyers in the field of international tax law. The title “Specialist advisors for international tax law” is protected and also requires some additional work for tax consultants. For example, you must have been appointed as a tax consultant for at least 3 years. In addition, […]
Inheritance tax rates in Germany
Tax value up to and including Tax bracket I II III 75,000 euros 7 % 15 % 30 % 300,000 euros 11 % 20 % 30 % 600,000 euros 15 % 25 % 30 % 6,000,000 euros 19 % 30 % 30 % 13,000,000 euros 23 % 35 % 50 % 26,000,000 euros […]
Inheritance tax: Personal tax exemptions
Tax-free amount (§ 16 ErbStG) Tax bracket (§ 15 ErbStG) for spouses and life partners 500.000 € I for children and grandchildren whose parents are deceased, as well as for stepchildren and adopted children 400.000 € I for grandchildren 200.000 € I for parents and grandparents on acquisition by inheritance 100.000 € I for parents […]
Tax field auditor – What they are looking for and how they proceed
Whereas in the past the focus of tax audits was on checking documents, today IT does this for the auditor. The auditors usually have the accounting data sent to them in electronic form in advance of the audit. For example, your cash account is checked for plausibility within seconds. Specialists at the tax office then […]
Cash Basis accounting
If you are not obliged to prepare annual financial statements, it is sufficient to determine the profit as the surplus of operating income over operating expenses. These are then compiled in a so-called income statement and sent to the tax office once a year together with the corresponding tax forms. As the revenue surplus statement […]
Due Diligence
Financial and tax due diligence provides answers to the question: “Can or should we buy this company?” In a figurative sense, “due diligence” could be described as the umbrella term for the comprehensive analysis of a company before it is purchased. The aim (especially before an acquisition) is to determine whether the information provided about […]
