Income tax
We can advise you on all matters relating to income tax and the tax treatment of your income.
Key areas of our consulting services include:
- Income tax return
- Income and expenditure account
- Annual accounts for sole traders preparing balance sheets
- Trade tax and VAT returns
- Advice on investments, depreciation and the creation of reserves
- Business management analyses
Questions raised by our clients include:
- How can personal and business expenses be correctly distinguished for tax purposes?
- How can the tax burden be optimised in the long term?
- What are the deadlines for submitting tax returns and making advance tax payments?
- What record-keeping obligations apply, and is there a requirement to prepare a balance sheet?
- What advantages does the cash-based accounting method offer over balance sheet accounting?
- When does it make tax sense to change legal form – for example, to a company or a partnership?
The tax treatment of private individuals and sole traders requires an individual and holistic assessment of personal and business circumstances. We support you every step of the way, from setting up a proper accounting system and preparing your profit and income statements right through to filing your tax return, and we represent your interests in dealings with the tax authorities. In doing so, we place particular emphasis on forward-looking tax planning and making the most of available options within the legal framework.
Furthermore, we assist you in preparing your annual accounts or your income-excess-of-revenue statement, as well as in fulfilling all obligations relating to income tax, business rates and VAT. We advise you on the tax implications of investments, private withdrawals and contributions, and demonstrate how personal and business decisions affect your personal tax liability.
In doing so, we also take your family circumstances into account and provide comprehensive advice on the tax implications of potential business succession or the transfer of private assets.
