Tax law for start-ups

Tax law often poses challenges for start-ups, because in addition to the difficulties of setting up correct accounting, it is also necessary to review the intended business model from a tax law perspective and – to put it in general terms – to avoid tax pitfalls.

Especially with regard to turnover tax, many pitfalls lurk in the area of mail order and online business. Special attention should be paid here to trading in goods or services in the EU or even in third countries. Here, there are various turnover tax peculiarities that must be implemented correctly.

Another tax pitfall is hidden profit distributions and hidden contributions. Here it must be noted that these must be taken into account in the corporate income tax. What exactly has to be taken into account and what the consequences are if these are not taken into account varies depending on the situation. We will be happy to advise you on this.

We are happy to support you in setting up your bookkeeping, finding the right accounting method and reporting and controlling through monthly evaluations as well as profitability and liquidity planning. In accounting, there are basically two ways to determine one’s profit: On the one hand, double-entry bookkeeping (balance sheet) and on the other hand, the income statement (EÜR). Which method of bookkeeping a company must use depends on three essential criteria. These are: The legal form, whether a company is registered in the commercial register and what annual turnover and annual surplus the company generates.

Together we can also set up a workflow so that your company runs smoothly in accounting matters. Your contact is tax consultant Markus Kleer.