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…
From January 1, 2025, you as an entrepreneur must issue electronic invoices for B2B transactions in Germany. This legal change through the Growth Opportunities Act marks a significant step towards digitalization. On 15.10.2024, the Federal Ministry of Finance issued a current letter on this. We have summarized the most important content for you so that…
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…
In today’s digital world, we are experiencing an increasing shift from analog processes to digital alternatives. One of these changes is the introduction of mandatory e-invoicing on 1.01.2025. But what exactly are the advantages of e-invoicing over paper invoices? Why should companies switch to this modern format as soon as possible? In this article, we…
The importance of VAT in the hospitality industry Value added tax (VAT) plays a central role in the catering industry, going far beyond simple price calculation. It influences both business planning and the competitiveness of restaurants, cafés and other catering establishments. An understanding of the applicable regulations and the optimal application of this tax is…
In today’s digital world, e-invoices are becoming more and more standard. They save time, reduce paper consumption and simplify the accounting process. However, despite these benefits, there are some stumbling blocks that often occur when creating e-invoices. In this blog post, we take a look at the most common mistakes and give you tips on…
