Sales Tax

CAFM-Blog.de | Electronic Invoice for Landlords: Some Tips 2025

Electronic Invoice for Landlords: Some Tips 2025

As a landlord, creating electronic invoices can be a real challenge – especially if you want to ensure everything is correct and runs on time. In a world where paper invoices are almost a relic of the past, we need to deal with digital solutions that not only save us time and nerves but also meet legal requirements. Did you know that the right electronic invoice not only simplifies your accounting but […]

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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 vs. 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 taxation is characterized by taxation at the time of the service, regardless of whether the customer has already paid or not. In contrast, cash basis taxation occurs

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CAFM-Blog.de | What to do during a tax audit?

What to do during a tax audit?

In Germany, a tax audit (or business audit) is a topic that is often associated with nervousness and uncertainty for companies. It represents not only an obligation but also an opportunity to review tax compliance and the efficiency of business management. During a tax audit, companies can encounter various challenges that need to be overcome. To successfully prepare for a business audit (and it will come sooner rather than later, with

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CAFM-Blog.de | Efficient contract management according to §2b UStG

Efficient contract management according to §2b UStG

The introduction of §2b of the Value Added Tax Act (UStG) has significant implications for 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 corporations must review their activities for their VAT relevance. This particularly affects services provided within the scope of public authority, as well as collaborations between public institutions. The correct

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CAFM-Blog.de | VAT Liability for Electronic Services: What does §2b UStG mean

VAT Liability for Electronic Services: What does §2b UStG mean

The VAT liability for electronic services according to § 2b UStG is a central regulation in German tax law. It defines the tax obligations for companies providing electronic services. Electronic services are understood as digital products and services provided via electronic networks. This regulation has far-reaching implications for the tax treatment of companies in the digital sector. § 2b UStG specifically regulates the VAT liability for legal entities under public law that

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CAFM-Blog.de | Corporate Taxation: Limited Liability Companies, Sole Proprietorships, and Freelance Professions

Corporate Tax: GmbH, Sole Proprietorships, and Freelance Professions

Corporate taxes are a central source of revenue for the state to finance public spending. They are levied on company profits and income, with the amount varying depending on the legal form and industry. The tax burden has significant implications for the financial situation of companies, which is why a thorough examination of tax aspects and possible optimization strategies is essential. In Germany, corporate taxation is based on the Income Tax Act (EStG) and the Corporate Tax Act (KStG). Corporations such as GmbHs are subject to

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

Annual Financial Statement: How to Present Your Balance Sheet Professionally

The annual financial statement is an important part of business life and plays a crucial role for companies. It provides a comprehensive overview of a company's financial situation at the end of the fiscal year and enables stakeholders to make informed decisions. In this article, we will take a closer look at the importance of the annual financial statement for your company and discuss the various aspects that must be considered during its preparation and interpretation. Key Takeaways The

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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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CAFM-Blog.de | Bookkeeping for small businesses: What do I need to consider in 2024?

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

Accounting is of great importance for small business owners, as it helps them keep track of their financial situation and manage their businesses effectively. In this blog post, we will cover the various aspects of accounting for small businesses and provide tips on how to organize it efficiently. Key Takeaways Bookkeeping is legally required for small business owners Small business owners can choose between income-surplus accounting and balance sheet accounting Small business owners must keep certain documents.

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CAFM-Blog.de | Accounting: The Essentials for Legally Compliant Bookkeeping [Update!]

Accounting: The Most Important Information for Legally Compliant Bookkeeping [Update!]

Accounting is an essential component of any business. It allows for monitoring the company's financial situation, tracking transactions, and generating reports. Proper accounting is crucial for ensuring a company's success and meeting legal requirements. In this article, we will examine the importance of accounting for businesses more closely and shed light on the various aspects of accounting. Key Takeaways Accounting is the systematic

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CAFM-Blog.de | Accounting: The Essentials for Legally Compliant Bookkeeping [Update!]

Accounting for Beginners: The Most Important Basics Explained

Accounting is an essential component of any business, regardless of its size or industry. It encompasses the systematic recording, organization, and documentation of all financial transactions a company undertakes. In this blog post, we will take a closer look at the various aspects of accounting to gain a better understanding of its importance and requirements. Key Takeaways Accounting is the systematic recording and evaluation of business transactions. Companies must maintain accounting records when

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