Accountancy in Germany

German legal entities require the preparation of the ongoing accounting under German GAAP (HGB). Working with our experts can help you overcome the challenges and head for success. Accountancy in Germany is triggered by filing obligations of the statutory financial statements, tax filing conditions, and corporate law provisions. 

The specialists of our company will be happy to help you with bookkeeping in Germany. We provide a comprehensive, quality service for you, and all types of audit services including, financial reporting, management report, and auditor’s report, as well as give a consultation.

HR payroll management

The goal of HR payroll management is to simplify HR management processes and save your time. Payroll and tax calculations are also included in the package.

Support for statutory or internal audit

We provide statutory and internal audit service to any organization is one of the important aspects of business activity.

Preparation of annual reports

Every year the company must submit an annual report about their activities with or without profit. Our company provides accounting services for enterprises in Germany, which operate in various fields of activity.

Drawing up permanent reports on accounting documents

All organizations in Germany are required to prepare financial statements based on synthetic and analytical accounting data. The financial statements are signed by the head and the chief accountant (accountant) of the organization. By law, tax reports are submitted to the regulatory authorities on a monthly or quarterly basis.

Management of company accounts

Management accounting is one of the key factors when discussing business programs, plans, and goals in large organizations. Management accounts are usually built from multiple income statements of the firm. Management reports are usually prepared monthly or quarterly.

Bookkeeping consultation

If you need more information about bookkeeping in Panama, contact us and request consultation.

Bookkeeping for business

Our company provides consultations and highly qualified accounting services, on issues of legislation and taxation. Our company offers full accounting support in Germany.

Taxes in Germany

Corporate income tax

One of the main taxes that business entities are required to pay is on the profits of legal entities. Resident enterprises are required to pay a fee to the budget on all profits from their entrepreneurial activities.

Withholding tax

A withholding tax is an income tax to be paid to the government by the payer of the income instead of the recipient of the income.

Value added tax

VAT is a mandatory indirect consumption tax. The only exceptions are certain goods and services that have a preferential settlement regime.

Learn about taxes

To get more information about taxation in Germany, press the button below.

Financial reports

Depending on the kind of entity and/or business activity of the entity, the following must be prepared:

  • Monthly preliminary VAT returns
  • Annual VAT returns
  • Annual CIT (corporate income tax) returns
  • Annual trade tax returns

Statutory financial statements must be prepared, signed and approved by the AGM and published within twelve months after year end. Special regulations and conditions have to be checked and analyzed regularly.

Annual tax returns should be filed with the tax authorities by latest 12 months after financial year end. Monthly tax returns are to be filed within 10 days after months end.

Based of the size of the corporation, number of employees and the annual results, or if it is required by the Articles of Association, an audit of the statutory accounts will be needed. Company management is liable for having accounts that give a true and fair financial and corporate view of the business to its shareholders.

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