...

Entrepreneur

Budget management for SMEs: Is self-build the better solution?

When it comes to budget management for SMEs, many entrepreneurs are faced with a crucial question: is DIY ("do it yourself") the better solution? In times when every euro counts, it can be tempting to rely on home-made solutions. But is this really the right way to go? Let's take a look together. Firstly, it's important to understand that when it comes to budgeting for [...]

Budget management for SMEs: Is self-build the better solution? Read more »

10 accounting mistakes that could ruin your business

Accounting is the backbone of every company, but it also harbours a number of pitfalls that can cause even the most experienced entrepreneur to falter. A surprising number of companies are confronted with serious accounting errors that not only result in financial losses, but can even jeopardise the existence of the company. In this article, we take a look at the ten most common accounting mistakes to avoid - and how you can ensure

10 accounting mistakes that could ruin your business Read more »

Top 5 advantages of a holding structure for small companies

Even in 2025, choosing the right holding structure will make a decisive difference for small companies. Many entrepreneurs are faced with the challenge of achieving their corporate goals efficiently while minimising risks and optimising their tax burden. A holding company can serve as a strategic tool here, not only to better utilise the legal framework, but also to create numerous synergies within a group of companies. Let's take a look at the five key

Top 5 advantages of a holding structure for small companies Read more »

The most important advantages of a rolling forecast for small companies

Accurate financial planning is essential for SMEs. A rolling forecast, also known as a rolling forecast, has proven to be an effective method to help companies remain flexible and adaptable. In contrast to static budgeting approaches, a rolling plan enables continuous adjustment of financial forecasts and provides a dynamic overview of future developments. But what are the specific benefits of a rolling forecast for small businesses? Let us

The most important advantages of a rolling forecast for small companies Read more »

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,

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

Efficient contract management according to §2b UStG

The introduction of Section 2b of the German Value Added Tax Act (UStG) has a significant impact on contract management in legal entities under public law. This paragraph regulates the VAT treatment of services provided by legal entities under public law. In contract management, this means that public law entities must review their activities for their VAT relevance. This applies in particular to services that are provided within the scope of public authority, as well as co-operations between public institutions. The correct

Efficient contract management according to §2b UStG Read more »

VAT obligation for electronic services: What does §2b UStG mean

The VAT liability for electronic services in accordance with Section 2b UStG is a central regulation in German tax law. It defines the tax obligations for companies that provide electronic services. Electronic services are digital products and services that are provided via electronic networks. This provision has far-reaching effects on the tax treatment of companies in the digital sector. § Section 2b UStG specifically regulates the VAT liability for legal entities under public law that

VAT obligation for electronic services: What does §2b UStG mean Read more »

Income statement: the most important key figures

The profit and loss account (P&L) is an important tool for assessing the financial performance of a company. It provides information about a company's income, expenses and profit or loss for a given period. Knowing and understanding the P&L is critical for business owners to evaluate the financial health of their company and make informed business decisions. Key Takeaways A profit and loss statement shows financial performance

Income statement: the most important key figures Read more »

Bookkeeping: Tips and tricks for bookkeeping according to recognised standards

Want to improve your bookkeeping skills and set your business up for financial success? We'll cover the key components of good bookkeeping, common mistakes to avoid and how bookkeeping can help your business make sound financial decisions. Discover the benefits of outsourcing bookkeeping services and how proper bookkeeping contributes to the overall success of the business. From maintaining invoicing to understanding and tracking expenses, we'll give you

Bookkeeping: Tips and tricks for bookkeeping according to recognised standards Read more »

Accounting for small businesses: What do I need to consider in 2024?

Bookkeeping is very important for small business owners as it helps them keep track of their financial situation and run their business effectively. In this blog post, we will cover the different aspects of bookkeeping for small businesses and give tips on how to organise it efficiently. Key Takeaways Bookkeeping is a legal requirement for small business owners Small business owners can choose between cash basis accounting and balance sheet accounting Small business owners must keep certain records

Accounting for small businesses: What do I need to consider in 2024? Read more »

Bookkeeping for beginners: the most important basics explained

Accounting is an essential part of every company, regardless of its size or sector. It involves the systematic recording, organising and recording of all financial transactions that a company undertakes. In this blog post, we will take a closer look at the different aspects of bookkeeping to gain a better understanding of its importance and requirements. Key Takeaways Bookkeeping is the systematic recording and analysing of business transactions. Companies need to keep accounts when

Bookkeeping for beginners: the most important basics explained Read more »

Why digitalisation is progressing so slowly in Germany

Digital innovation is playing an increasingly important role in today's global economy. Companies that are able to develop and implement innovative digital solutions have a clear competitive advantage. However, Germany, as one of the largest economies in the world, faces a number of challenges in fostering digital innovation. In this article, we will look at the main obstacles that Germany faces on the road to digital innovation

Why digitalisation is progressing so slowly in Germany Read more »

Dark Mode
de_DE
de_DE
Scroll to Top