Tax regulations in Germany are subject to regular changes: The Growth Opportunities Act was a good example of this in 2024. The Annual Tax Act 2024 will now bring a number of adjustments for the new year that entrepreneurs should be aware of. The biggest change is certainly the introduction of mandatory e-invoicing, which we…
The small business regulation offers many self-employed and small business owners a simplified way of exempting themselves from VAT liability. However, important changes are coming from 2025, which are particularly important for entrepreneurs who operate in the border area of this regulation. In this blog post, you will find out what changes you can expect…
For many entrepreneurs who do their own bookkeeping, financial administration can be a real challenge. Keeping an eye on the figures and documenting them correctly is crucial for the long-term success of the company. Errors in bookkeeping often creep in unnoticed and can have serious financial and legal consequences. In this article, we will show…
In Germany, the cost of a tax consultant is often a decisive factor that concerns many entrepreneurs and self-employed people. This article provides you with a comprehensive overview of when and why a tax advisor is worthwhile, how to find the right expert and what costs you can expect. We also provide tips on how…
As part of the ongoing digitalization and modernization of administration in Germany, a significant innovation is imminent: from 2025, the business identification number (Business-Id No.) will be introduced for companies. However, the allocation of the business identification number could also start as early as October 2024. However, there are sufficient transitional arrangements for its introduction…
In international trade, companies face various challenges, especially when it comes to the cross-border movement of goods. One of these challenges is monitoring delivery thresholds. Companies that operate internationally need to keep a close eye on delivery threshold regulations in order to avoid unpleasant surprises, such as unexpected tax obligations. Read more about delivery thresholds…
Since July 1, 2021, there has been a significant new regulation in European VAT law: the One Stop Shop (OSS). This innovation is particularly interesting for companies that make cross-border deliveries to end consumers in the European Union (EU). In this article, you will find out exactly what the One Stop Shop is, what advantages…
The digitalization of business processes is progressing steadily in Europe. A central component of this development is the electronic invoice, also known as the e-invoice. More and more companies are turning to e-invoices to reduce paper consumption, optimize work processes and meet legal requirements. One important standard in this area is ZUGFeRD, which is becoming…
