How to save taxes
Tax saving tip # 1: working with a good tax advisor
Tax law is complex. There are as many options as pitfalls. By working with a good tax advisor, the self-employed, limited liability companies and other companies can save taxes and avoid fines and annoyance with the tax office.
Cost savings by working with a tax advisor
Working with a qualified tax advisor offers decisive advantages, especially for self-employed and smaller companies.
- Time savings
If you are self-employed or a small entrepreneur and take care of your tax and annual accounts yourself, you have to spend a lot of time that should be better invested in the core business. While a seasoned tax advisor can do many tasks in a jiffy, lay taxpayers take an enormous amount of time.
- Lack of expertise
A lack of knowledge of tax law and individual interpretations can quickly make money. Tax benefits are not used and therefore playful. And false information to the tax authorities and missing deadlines can have unpleasant consequences.
- High costs for accounting staff
The employment of own employees in bookkeeping and wages and salary accounting usually causes high personnel costs. A tax advisor, on the other hand, only incurs costs that are based on the actual effort.
- Overpaid taxes
There are numerous ways to reduce the tax burden to a tolerable level through tax optimization. A good tax advisor with well-founded specialist knowledge can systematically comb through the tax thicket in order to determine tax savings options that take into account the specific company and branch relationships.
Tax saving opportunities for smaller companies
There are numerous tax savings options for sole traders, the self-employed, service providers, craftsmen, clubs, associations, doctors and shops.
Examples of tax saving opportunities:
- Apply for a lower tax rate
- Flat-rate input tax according to § 23 UStG
- Have actual taxation approved
- Investment Deduction Amount
- Make a profit-neutral reserve
- Write off low-value assets
- Company car use
- Optimize depreciation
- Optimize operating expenses for tax purposes
- Use tax allowances
Tax saving opportunities for larger companies and KMUs
The challenges of tax optimization are manifold for larger companies and SMEs. The individual situation must be checked for each company. The next step is to develop suitable strategies for tax optimization.
Examples of tax saving opportunities for large companies:
- Vehicle fleet
- HR policy
- International tax law
- Funding options
- Profit taxation
- Organization of group companies
- foreign branches
- Double taxation
- Real estate valuations
- Shift value creation
- Rating advice
Are you looking for a good tax advisor in Frankfurt am Main and the surrounding area?
Then talk to me. Call and arrange a first, free consultation.
You are also welcome to make an appointment so that I can explain our way of working and our range of services to you.
Specialist in international tax law
Tel .: 06103 9031-50
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