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What to do in the event of a tax audit?

What to do in the event of a tax audit?

In Germany, tax audits (or company audits) are a topic that is often associated with nervousness and uncertainty for companies. It is not only an obligation, but also an opportunity to check tax compliance and the efficiency of company management. During a tax audit, companies can face various challenges that need to be overcome. In order to successfully prepare for a tax audit (and they come sooner rather than later, with [...]

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Why the IFC format is the key to sustainable construction in 2025

Why the IFC format is the key to sustainable construction in 2025

In recent years, the IFC format (Industry Foundation Classes) has become an indispensable tool for design and execution in construction operations. This universal data format enables seamless interoperability between different software solutions in architecture, civil engineering and facility management. According to a study by McKinsey, the use of Building Information Modelling (BIM), which is closely linked to the IFC standard, has the potential to reduce construction costs by up to 20% and

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Prepaid expenses compared to deferred income: the most important differences

Prepaid expenses compared to deferred income: the most important differences

Accruals and deferrals play a crucial role in accounting, especially when it comes to accurately reflecting the economic reality of a company. Accruals and deferrals are fundamentally different from accruals and deferred income. But what exactly does this mean for your company? And why is it so important to understand these differences? Prepaid expenses represent future expenses that have already been paid but will only be recognised as an expense in future periods. These are

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Maintenance vs. repair: the differences must be clear!

Maintenance vs. repair: the differences must be clear!

In construction operations and facility management, the terms "maintenance" and "repair" are of crucial importance, but many professionals often use them interchangeably without recognising the fundamental differences. While maintenance focuses on measures to preserve the operational efficiency and safety of technical systems, repair refers to specific measures to restore defective systems. This distinction is not merely academic; it has practical implications for costs, resource management and strategic planning in the

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Optimise your SAP system in 2025 for better property management

Optimise your SAP system in 2025 for better property management

Property management is a complex discipline that has become particularly challenging in the current environment ("...do we already have this AI, Mrs Müller?"). Implementing an optimised SAP system can significantly increase efficiency. Whether you're working with CAFM, IWMS or other facility management systems (we hope it's not EXCEL, are we?), the right configuration of your SAP can mean the difference between a smooth operation and a frustrating challenge.

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Implementation of CAFM-Software: In the 3 months prior to the Rollout

Implementation of CAFM-Software: In the 3 months prior to the Rollout

Implementing CAFM software can be very exciting - but it can also be fraught with setbacks and hopefully many successes. Significant progress can be made in just three months if you plan carefully and take a strategic approach. The introduction of Computer Aided Facility Management (CAFM) is not just a technical step, but a profound change in the way we organise our facility management. If you are wondering how to

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Are CAFM software market leaders really the best solutions for every company?

Are CAFM software market leaders really the best solutions for every company?

There is a recurring question in the world of facility management software: Are CAFM software market leaders really the best solutions for every company? And what does that even mean? Is there such a thing as "the" market leader? The debate is as complex as the functions of the various CAFM systems, and there are numerous aspects that need to be taken into account when considering this. Many companies rely on the leading CAFM solutions to optimise their operations, and that

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How digital twins are revolutionising the building life cycle

How digital twins are revolutionising the building life cycle

At a time when digitalisation is finding its way into all areas of life, the introduction of digital twins is playing an increasingly important role in building management. Digital twins are virtual replicas of physical buildings and provide a deeper insight into the entire building life cycle. From the planning phase through to utilisation and maintenance, they offer a wide range of benefits that not only increase efficiency but can also significantly reduce life cycle costs. This technology is not only revolutionising

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Bookkeeping for beginners: A comprehensive guide for newcomers

Bookkeeping for beginners: A comprehensive guide for newcomers

Bookkeeping can seem like a huge maze, especially when you're just starting out. But don't worry. Because every one of us has taken that first step and asked ourselves, "Where do I start?" The world of financial accounting, payroll and bookkeeping can be overwhelming, but with the right guide, it quickly becomes comprehensible. According to numerous studies, companies that manage their accounting efficiently are more likely to be financially successful. But how

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How D&O insurance can save your career as a manager

How D&O insurance can save your career as a manager

Not only since the start of the trial against Markus Braun (ex-CEO of Wirecard) has it become clear that managers are constantly exposed to a variety of risks. These risks can affect not only the company, but also personal liability claims against the managers themselves. It is therefore essential to look into D&O insurance (Directors and Officers insurance). This special liability insurance protects managers against financial losses caused by wrong decisions or breaches of duty in the course of their professional activities.

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Networked buildings: the future of architecture

Why facility management will remain an outdated industry in 2025

Many industries are faced with the challenge of keeping pace with technological progress. However, while many sectors are developing dynamically, facility management often falls by the wayside. This discrepancy raises the question: Why is this the case? Is it the complexity of FM or perhaps a preference for tried and tested methods? Here are some aspects that shed light on this issue: Tradition vs. innovation: many companies still rely on traditional

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Top 5 reasons why you should (maybe?) switch to CAFM

Top 5 reasons why you should (maybe?) switch to CAFM

Efficient management of facilities can be crucial to a company's success. The implementation of CAFM (Computer-Aided Facility Management) software can have a transformative effect. Here are our five most compelling reasons why your company should switch to CAFM: Optimising operating costs: By using CAFM software, companies can achieve significant savings in operating and maintenance costs. According to a study by Facility Management International, through effective CAF management, organisations can reduce their

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Long-term strategies: How to make your company more sustainable with the right company form

Long-term strategies: How to make your company more sustainable with the right company form

Choosing the right company form is one of the most fundamental decisions for any entrepreneur in Germany. Regardless of whether you are founding a start-up or want to restructure an existing company - the company forms in Germany offer a wide range of options. From the AG to the GmbH to the OHG, KG and the sole proprietorship: Each legal form has its own advantages and disadvantages that can significantly influence your entrepreneurial strategy. Did you know, for example,

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The role of artificial intelligence in the German economy

The role of artificial intelligence in the German economy

Artificial intelligence (AI) has become one of the most important topics in the world of technology and business in recent years. It encompasses a variety of technologies that enable machines to develop human-like capabilities, such as learning, problem-solving and decision-making. The origins of AI date back to the 1950s, when scientists began to develop algorithms that enabled computers to perform simple tasks. Since then, the

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Intelligent building technology: efficiency and convenience in the smart home

Intelligent building technology: efficiency and convenience in the smart home

Intelligent building technology, often referred to as smart building technology, encompasses a variety of technologies and systems that aim to increase the efficiency, comfort and safety of buildings. These technologies integrate various systems such as lighting, heating, ventilation, air conditioning (HVAC), security and energy management into a centralised platform. By networking these systems, they can communicate with each other and react to changes in the environment or user behaviour. An example of this

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Sustainable building: Focus on LEED and BREEAM

Sustainable building: Focus on LEED and BREEAM

Sustainable construction is a concept that aims to minimise the environmental impact of building projects while improving the quality of life for users. It encompasses a variety of aspects, including the selection of environmentally friendly materials, the efficient use of energy and water and the creation of healthy interiors. The basic principles of sustainable construction are based on the idea that buildings are not only functional spaces, but also have a positive impact on the environment and the quality of life.

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Optimisation of resource planning for FM service providers

Optimisation of resource planning for FM service providers

Resource planning is a key element for facility management (FM) service providers, as it forms the basis for the efficient provision of services. In an industry characterised by constantly changing requirements and a high degree of complexity, well thought-out resource planning enables service providers to make optimum use of their human and material resources. This not only leads to greater customer satisfaction, but also to a significant reduction in costs. Well-planned resource utilisation ensures this,

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