Tax law for start-ups

Tax law often causes difficulties for start-ups, because in addition to the challenges of setting up a correct accounting system, the desired business model must also be reviewed in terms of tax law. In general terms – tax pitfalls must be avoided.

With regard to value added tax, there are many pitfalls lurking, especially in the mail order and online business. Particular attention must be paid here to trading with goods or services in the EU or even in third countries. There are various sales tax particularities, which must be implemented correctly.

Hidden profit distributions and hidden deposits are another tax pitfall, which should be considered in corporate tax income. Issues that have to be taken into account and the consequences if they are not taken into account vary depending on the situation. We gladly assist you with advice in these matters.

We are also happy to support you in setting up your accounting and finding the right accounting method as well as in reporting and controlling by monthly evaluations and in profitability and liquidity planning. In accounting, there are two ways to determine your profit. Firstly, there is the double-entry bookkeeping (balance sheet) and secondly, the revenue-surplus-accounting (EÜR). The decision, which accounting method a company should use, depends on three essential criteria: the legal form, the registration of a company in the commercial register and the generation of annual turnover and net income.

Together, we can also build up a work flow, so that your company runs smoothly in accounting matters.

Your contact person is tax consultant Markus Kleer.