From January 1, 2021, certain questionnaires for tax registration must be submitted electronically Taxpayers must provide the relevant tax office with further information on the legal and factual circumstances relevant to taxation within one month of opening an agricultural, forestry or commercial business or commencing a freelance activity. Regulation until December 31, 2020 Previously, when notifying the opening of a […]
Under 4.16 of the FAQ of the Federal Ministry of Economics, (in German language only) a note was included that the Bridging Assistance (Corona-Überbrückungshilfe) is limited to a maximum of 90% of uncovered fixed costs. This means that uncovered fixed costs in the context of Bridging Assistance II are the losses that companies report in their profit and loss accounts […]
Submission deadlines for 2019 tax returns An extension of the filing deadlines for 2019 tax returns prepared by members of the tax advisory professions until March 31, 2021 has already been approved by the supreme tax authorities of the German federal and state governments. And there may also be a breakthrough with regard to a further extension of the submission […]
BACKGROUND The United Kingdom (UK) left the European Union (EU) on February 1, 2020, with a transitional phase during which EU law will continue to apply in and vis-à-vis the UK. The transitional phase stipulated in the withdrawal agreement ends on December 31, 2020, meaning that the UK will be a “third country” from January 1, 2021 and thus no […]
Dear customer, dear business friend As you can read in the press, public life in Germany will be severely cut back in November. The goal is to stop the uncontrolled spread of the corona virus. To this end, various regulations will apply from Monday, November 2, 2020, which will also affect our tax office. Our tax office is well prepared […]
Hintergrund Das Bundesfinanzministerium (BMF) ist der Auffassung, dass Aufwendungen für das häusliche Arbeitszimmer während der Corona-Pandemie grundsätzlich nicht abzugsfähig sind und ausnahmsweise nur dann abgezogen werden können, wenn das häusliche Arbeitszimmer den Mittelpunkt der gesamten betrieblichen und beruflichen Betätigung bildet. Es bestehen dennoch auch ohne Vorliegen eines Mittelpunktfalls weitere Abzugsmöglichkeiten für Heimarbeit sowie Gestaltungsmöglichkeiten im Bereich der Gewährung von Bürokostenzuschüssen […]
Background Since the beginning of the Corona crisis, we have recently seen a recovery of the market for company acquisitions and sales (M&A), especially in the segment of medium-sized M&A transactions. The biggest challenge in M&A transactions in times of Corona is the agreement of a purchase price, since reliable planning as a basis for a company valuation is often […]
On-demand work: risk of phantom wages In many companies there is great uncertainty when employees are deployed on call (on-demand work). This often affects mini-jobbers or flexibly employed part-time employees subject to social security contributions, who often work without a written employment contract. On-demand work is particularly the case if the scope of the work to be performed is not […]
