E‑Invoicing from 2025: Requirements, Transitional Regime and Practical Impacts 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. […]
Growing digitally: Our presence 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 of 2022 (JStG 2022) is a typical omnibus bill comprising over 100 individual provisions spanning the entire spectrum of tax law. It also includes key initiatives by the “traffic light” coalition aimed at reducing the tax burden on citizens. In doing so, it also responds to court rulings and EU requirements. The law was passed by […]
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 The 2022 Annual Tax Act provides for extensive tax breaks for small photovoltaic systems in order to accelerate the further expansion of this renewable energy source. Previous Taxation Operators of photovoltaic systems have generally generated income from business operations. This involves determining profits using the income-surplus method, which typically entails a significant administrative burden for what is often a […]
Background Given the increasing risks that companies currently face as a result of sharply rising energy and commodity prices, combined with rising interest rates and declining customer demand, the risk of corporate insolvencies in Germany has increased significantly compared to previous years. So far, this is not yet reflected in the historical trend in the number of bankruptcies. Creditreform reports […]
Background The one-time energy price allowance (hereinafter referred to simply as“EPP”) in the amount of EUR 300 is intended, according to the legislature, to provide relief to those segments of the population who typically incur travel expenses in connection with earning their income and who are facing a significant financial burden in this regard due to current […]
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 […]
