Tax

CAFM-Blog.de | Accrual vs. Cash Basis Accounting: Pros and Cons in Tax Law

Accrual vs. Cash Basis Taxation: Pros and Cons in Tax Law

The question of accrual and cash-basis taxation plays a central role in German tax law and has far-reaching consequences for both companies and self-employed individuals. At its core, these are two different approaches to VAT taxation, each with its specific advantages and disadvantages. Accrual-basis taxation is characterized by taxation at the time of the service, regardless of whether the customer has already paid or not. In contrast, the [...]

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CAFM-Blog.de | Corporate Tax: Tax Burden for Companies

Corporate Tax: Tax Burden for Companies

Corporate tax is a direct tax levied on the profits of corporations and other legal entities. It represents a significant source of revenue for the state and contributes significantly to the financing of public tasks. The tax base for corporate tax is the taxable income of the company, which is determined according to specific tax regulations. In Germany, the corporate tax rate has been a uniform 15 percent since 2008. In addition, a solidarity surcharge of 5.5 percent is levied.

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CAFM-Blog.de | What You Need to Know About Trade Tax

What You Need to Know About Trade Tax

Trade tax is a municipal tax levied by companies and self-employed individuals on their business income. It represents a significant source of revenue for municipalities and is used to finance local infrastructure and public services. The calculation is based on business income, which is derived from company profits. The trade tax rate is set individually by each municipality and typically ranges between 200% and 500%. As a municipal tax, the assessment and collection of trade tax are

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CAFM-Blog.de | Facility Management 4.0: Digital Transformation in Building Management

VAT: Everything You Need to Know

Value Added Tax (VAT) is an important tax in Germany. It affects both companies and consumers and plays a crucial role in the German tax system. It is therefore of great importance to understand VAT and to know its effects on businesses and transactions. Key Takeaways VAT is a tax on the turnover of companies. Every company that sells goods or services is affected by

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CAFM-Blog.de | Facility Management 4.0: Digital Transformation in Building Management

Accounting Terms: The ABC of the Financial World

Accounting is an essential component of any company, regardless of its size or industry. Proper accounting enables companies to monitor their financial situation, make decisions based on accurate data, and meet legal requirements. In this blog post, we will cover the most important topics in accounting and provide you with a comprehensive overview of the various aspects. Key Takeaways Accounting is the systematic recording and processing

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