E-invoicing: mandatory for entrepreneurs from 2025 As an entrepreneur or service provider, you inevitably have to deal with invoices. However, starting from 2025, businesses must observe changes because of the e-invoicing obligation. This article deals with these innovations and further information. Paper invoices and e-invoices Invoices are part of day-to-day business for entrepreneurs, service providers and customers. You write down […]
Growing digitally: Our contribution at JTL Connect 2024 Dear readers, We are pleased to announce that we will be participating as a digital tax consultant at the JTL Connect 2024 which will take place on September 27, 2024. The event will showcase the latest developments in e-commerce. It enables an exchange on important tax aspects in the digital age. As […]
CBAM 2023 guide: Obligations, reporting and strategies From October 1, 2023, the Carbon Border Adjustment Mechanism (CBAM) will bring new statutory reporting obligations for energy-intensive imported goods. This blog article sheds light on the background, affected companies and their obligations under this EU regulation. Climate protection, and in particular limiting global warming, is one of the greatest challenges of our […]
Optimizing taxes: Conversion of a sole proprietorship into a GmbH To save on taxes, a sole proprietorship can be converted into a limited liability company (GmbH). This is possible for up to 8 months retroactively and tax-neutral. This article explains the advantages and disadvantages of a GmbH and the conversion of a sole proprietorship into a GmbH. Background Entrepreneur A […]
The Annual Tax Act 2022 (JStG 2022) is a typical article law consisting of more than 100 individual regulations across the board in tax law. It also contains important plans by the traffic light coalition to ease the tax burden on citizens. In doing so, it is also responding to the results of court rulings and to EU requirements. The […]
Background According to the legislator, the recently introduced one-time energy price allowance (“Energiepreispauschale”; hereinafter referred to as “EPP”) of EUR 300 is intended to relieve those groups of the population who typically incur travel costs in connection with their income generation and who are heavily burdened by the current energy price development. The EPP is generally taxable, so that the […]
Background To be attractive especially for sought-after specialists, employers increasingly offer the possibility to work abroad temporarily or even permanently, i.e. to work literally “borderless”. This applies not only to German but also to foreign employers. In our consulting practice, we have received an increasing number of inquiries on this topic, especially since the start of the Corona pandemic. In […]
Overview Corona Emergency Aid (“Corona Soforthilfe”) could be applied for by companies and solo self-employed persons in the period from March 27, 2020 to May 31, 2020. Starting in mid-June 2021, all Corona Emergency Aid recipients who have not yet submitted a response will receive an email inviting them to submit a response and containing the information and links for […]
The German Federal Ministry of Finance (BMF) is extending the existing tax equity measures in their temporal scope due to the effects of the coronavirus. Selected contents of the BMF letter dated March 18, 2021 are presented below: Deferral of taxes Taxpayers who are directly and not insignificantly negatively affected by the pandemic can apply for a deferral of taxes […]
Taking advantage of tax benefits: e-bikes Background Over the last few years, electric bicycles (e-bikes or ebikes) in particular have become increasingly popular alongside classic bicycles. At the beginning of 2015, there were still electric bikes in 1.5 million households. At the beginning of 2020, 4.3 million households in Germany already owned at least one electric bike. This means that […]
