FAQ
Answers and practical guidance for doing business in Germany.
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Open items-list (OP-Liste)
Read answer : Open items-list (OP-Liste)Open items – What are open items? In accounting, open items are receivables or payables that have not yet been cleared. Open items can be, for example, unpaid…
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What are the steps to open a business bank account?
Read answer : What are the steps to open a business bank account?Opening a German bank account is not difficult, but it does take some time. It’s best to start the process early on so that everything can be completed…
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Including the service car in the tax return
Read answer : Including the service car in the tax returnA lot of employees look forward to their employer providing them with a fancy service car. The joy is even greater if they are not only allowed to…
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Income Tax Advance Payments
Read answer : Income Tax Advance PaymentsDefinition: What are income tax prepayments? An income tax prepayment is an advance payment on the income tax to be paid in the current year, which is payable…
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Incorporation: How to register a company in Germany: A company formation checklist
Read answer : Incorporation: How to register a company in Germany: A company formation checklistAre you planning to set up a limited liability company (UG or GmbH) in Germany? We’ve put together a roadmap to help guide you through the formation process.
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Inflation Bonus Deadline Approaching!
Read answer : Inflation Bonus Deadline Approaching!As you know, the German government introduced the inflation bonus to help employees cope with rising prices. This allows employers to provide tax-free payments of up to €3,000…
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Intention to Make a Profit (Gewinnerzielungsabsicht) under German Tax Law
Read answer : Intention to Make a Profit (Gewinnerzielungsabsicht) under German Tax LawUnder German tax law, the intention to make a profit (Gewinnerzielungsabsicht) is a fundamental requirement for an activity to be recognized as a business or self-employed activity for…
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How do I pay my service invoices?
Read answer : How do I pay my service invoices?Where to find your invoices and how to pay them
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Is it possible to ask the German trade tax office to reduce the quarterly pre-payments due to the bad economic situation?
Read answer : Is it possible to ask the German trade tax office to reduce the quarterly pre-payments due to the bad economic situation?Yes, there is a way to request a reduction in quarterly pre-payments due to a bad economic situation. In Germany, this process is called applying for a “Herabsetzung…
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How to upload a monthly Amazon VAT Transactions Report to Consultinghouse
Read answer : How to upload a monthly Amazon VAT Transactions Report to ConsultinghouseConsultinghouse makes it easy for Amazon sellers to process their monthly Amazon VAT Transactions Report
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How to upload documents to MyDashboard
Read answer : How to upload documents to MyDashboardTo keep all documents updated and at a central place is already have the work and guarantees a successful collaboration between you and Consultinghouse