With more than 40 years of experience, we provide a full range of tax consulting services. Our quality-services enable you to focus on what is most important: your core business.
Liquidity crisis management
The corona-virus epidemic impacts all of us, in one or another way. Especially for you as an entrepreneur or freelancer this could be existential to your business. Liquidity is key in this situation. We support you with the following, to name but a few examples:
- preparation of business plans/liquidity forecasts
- identification of fast to achieve cost saving potential
- negotiations with creditors (banks, factoring companies, etc.) on re and additional financing
- application of public subsidies and support such as short-time compensation (Kurzarbeitergeld), tax reliefs and tax breaks, as well as KfW-loans (state-owned Development Loan Corporation)
Whether you intend to partly or fully outsource your bookkeeping to us or do it yourself, we find a suitable and optimal solution. If required, we translate the results of bookkeeping into English, Polish or Russian.
We prepare payroll statements, including all relevant tax and social security notifications, for you. Through our support you save time and costs. Not to mention that you ensure that your payroll function is compliant with the ever-changing regulatory environment in Germany. Additionally, you benefit from our advice to optimize payroll matters, e.g. in relation to benefits in kind.
Preparation of annual financial statements
We support you not only on the preparation of annual financial statements compliant with German GAAP and tax law but also with advice on potential financial accounting options you can benefit from. Additionally, we cooperate with external auditors to ensure a smooth and cost-effective process for the preparation of annual financial statements that are subject to audit.
Preparation of your tax return
We support you, being a company, freelancer and private individual, on the preparation of your tax returns (e.g. income tax, value-added tax, corporate tax, trade tax) and recommend strategies to optimize your tax situation.
We provide you with (monthly / annual) management accounts (investment, liquidity, profit and loss statement and balance sheet) and discuss with you trends and help identify and address opportunities and risks of your business at an early stage. Additionally, we support you on the preparation of management reports, including commentary and graphs, that can be used for investors, banks and other stakeholders. Experience shows that financial information that is consistent and easy to understand helps building a trustful relationship with investors, banks and other stakeholders and reduces capital and financing costs.
Tax laws in Germany change frequently. Therefore, tax optimization measures must be carried out with the necessary vision and utmost care when implementing it. Otherwise short-term tax optimization can lead to unwanted boomerang effects. We advise you in the following tax optimization areas, to name a few: setting up a company and choosing its legal form, corporate restructuring, depreciation methods, cross-border transactions and transfer pricing, tax pooling or horizontal and vertical offsetting of tax losses.
Manual processing of accounting documents will become more and more obsolete in the mid-term. In the future, most if not all business transactions will be processed digitally, including recording of incoming and outgoing invoices, the so-called X-Bill, digital processing of outgoing payments, electronic expense statements and processing of account statements. The increasing availability of digital data makes it possible to significantly increase efficiency in accounting. The implementation of successful digitalization requires careful preparation though. schütze & wirtz guides you through the entire implementation process.
24/7 mobile access to your data and KPIs
For a small surcharge of our system partner DATEV, we offer you secure online access to your business data and analysis, so you can obtain a view on your business performance, 24/7 from anywhere in the world with secure internet access.
Feel free to call us or use the contact form for additional information.
schütze & wirtz Steuerberatung
Kölner Str. 2a
Mo-Th: 8am to 5pm CET
Fr: 8am to 2pm CET
and upon appointment
Owner: Tax consultant and German MBA Thomas Wirtz