Environmental policy has a shorter history in the EU than cooperation on business and industry. But despite a late start, it has been a success. Every decision on tightening leads to improvements in so many countries that the overall effect is great. Through the Amsterdam Treaty of 1999, the principle of sustainable development became a …
Differentiation between partnerships and corporations There are significantly more and stricter rules for corporations than for small partnerships. For example, they explicitly exclude voting rights that exist for the rest of the merchants. Likewise, the special provisions of national accounting (HGB) often require more details in the individual reports. Even within the group of corporations there are again gradations in the commercial …
The accounting gives an impression of the economic situation of a company as well as the use of financial resources, for example in the form of profits. In Germany, the Commercial Code, the Publicity Act and the Tax Code result in a so-called accounting obligation. But what about accounting? In this article, we will explain to you what you should …
The German tax law is not only one of the most extensive of its kind in the world, but also one of the most complicated. This is not as important for an employee in a normal occupation subject to social insurance as it is, for example, for you as a self-employed person. A fundamental distinction …
Globalization continues to advance and companies have long been active internationally. In order to ensure proper invoicing, the recipient of the service is liable for tax in accordance with § 13b UStG in some cases . You can find out here whether you fall into the reverse charge procedure. What does the recipient’s tax liability …
Inequality in the Labor Market Data on inequality in the Brazilian labor market confirm the persistence of an old social wound. According to a survey by the Inter-Union Department of Statistics and Socioeconomic Studies (Dieese) released on Tuesday, blacks and browns have fewer opportunities than whites. Data on inequality in the Brazilian labor market confirm …
Example of a SWOT analysis A clear SWOT analysis example is the case of a fictitious library, whereby the objective for the sake of simplicity is simply the determination of any need for action. One of the strengths is undoubtedly the high level of information and media skills of the employees. Weaknesses, on the other …
The SWOT analysis, by definition and reference to the term itself, is the analysis of the strengths, weaknesses, opportunities and risks of a company, an organization or the like. It thus functions as a practical instrument for the strategic planning of these very institutions. Detailed definition and development of the SWOT analysis But what exactly …
A reminder is also known as a payment reminder. It serves to formally put a debtor in default. This can and must be done if the customer does not pay an invoice on time. The written form is not compulsory, but you should send a warning in writing for reasons of evidence. What is a …
In the media we have collected information that tells us about needy children experiencing hunger and cold, homeless families, the unemployed, poor distribution of income, etc., leaving us stunned by so much “ Social Injustice ”. In fact, Social Injustice is nothing more than the fact that there are situations in society that favor only …
The different directions of entrepreneurship It would be fundamentally wrong to speak of THE entrepreneurship. Rather, this phenomenon is broken down into further sub-categories. High-tech entrepreneurship Here the corporate philosophy revolves primarily around the area of innovative technology. It is characteristic that entrepreneurs often have to invest comparatively large sums here in order to be …
The term “entrepreneur” is being used more and more frequently. The name comes from French and means – freely translated – something like “company” or “entrepreneur”. Strictly speaking, however, there are also differences between a classic entrepreneur and an entrepreneur. In addition, in contrast to the typical manager, the entrepreneur is not employed, but the …
When a claim is spoken of, then what is meant is a creditor’s claim to a performance by the debtor. This can be a cash benefit or another benefit. A claim by an entrepreneur (creditor) is a claim against his supplier or customer (debtor) in the form of money, services or goods. The opposite of …
4. Which pricing strategy for the price calculation? Different pricing strategies can be used for price calculation for different products. The price is classified in a lower, middle or upper price range. There are the following strategies: High price strategy The high price strategy will be used for products that have particular performance and / …
For Karl’s target group, this means: Assuming 20 percent of male Germans buy a new shelf once a year, of which only 15 percent are willing to spend more on a new shelf. Another 22 percent of them order their furniture online. That is the equivalent of 1,230,000 inhabitants. One percent of them would be …
What is the right price to ask for my products? How do I find the right price and what costs do I have to take into account? According to GRADINMATH.COM, price calculation can be a challenge for founders and self-employed people. Much has to be considered and included in the calculation. Because the price should …
The racial prejudice is based on the existence of physical and socio-cultural differences, supposedly, make some better than others. People judge others because of their color, or rather, race . Causes This alleged superiority is sustained in the perpetuation of racial myths and false truths that are hidden in the form of stereotype , a …
The result of an inventory is the inventory and this is divided into the following items, for example: Assets Net worth Debt In the inventory, the assets are divided into fixed assets and current assets according to their liquidity . The term liquidity is understood as how quickly the asset can be converted back into …
Fixed assets, which also include current assets and prepaid expenses, are the most important assets. In the case of a balance sheet , the assets are the page on which the use of funds is shown. Note: The value of all assets must always correspond to the value of all liabilities. This sum is called …
Accounts receivable is the management of accounts receivable from customers. A debtor is nothing more than a debtor. Accounts receivable in a company is a part of the bookkeeping that deals with managing accounts receivable from customers. This means that accounts receivable is the opposite of accounts payable. This processes all processes related to the …
What is a self-receipt? In the bookkeeping, the iron principle “No posting without receipt” applies. No commercial booking without an invoice. In order to ensure that the bookkeeping and the tax office run smoothly, receipts and invoices should always be kept carefully. Invoice documents are generally divided into internal documents and external documents. Internal documents …
When registering a business, a general distinction is made between main business and secondary business. The only ones excluded from this distinction are freelancers. These are not subject to the business regulations and therefore do not have to register with the business office . The line between main and secondary business is drawn by the law and the social insurance …
What is account assignment? In the bookkeeping, you post each business transaction on the basis of receipts on G / L accounts. So that you can submit the accounting for expenses and income to the tax office on a monthly or quarterly basis. In order to document the correctness of postings, all documents of a …
Benefits and scope of professional liability insurance Professional liability protects the insured by providing support in examining and defending against unlawfully raised claims for damages by third parties and handles the processing and payment of justified claims. This only concerns the damage that the insured unintentionally inflicted on a third party. The exact services that …
If we could cut planet Earth in half like a peach, we would see certain similarities between the layers of both: the core would correspond to the core of the planet; the edible part would be equivalent to the mantle ; and the shell would be the crust . Core The core is the central …
“Wherever there is planing, there are shavings,” the saying goes. But anyone who hurts their customers or causes them financial damage has to pay for it. Unless he has professional indemnity insurance to take care of that . What is professional liability insurance? According to ACRONYMMONSTER.COM, professional liability insurance is the counterpart to personal liability …
Sales tax on the small business invoice VAT shown? This could get expensive! Under no circumstances should a small business invoice result in a sales tax amount. Because as a small business owner within the meaning of Section 19 (1) UStG, he is not entitled to claim sales tax from a business customer. But what …
In general, small business owners have fewer accounting obligations than a company that is subject to VAT. The bookkeeping should not only be simplified for small business owners, but also connected with less tax, since they are mostly below a certain turnover limit. Although a small business owner does not have to levy sales tax, …
Where do you have to keep your documents? In the tax code (§ 146 AO) it is regulated that the books and the otherwise necessary records “are to be kept and kept within the scope of this law”. This means that you are legally obliged to keep your documents in Germany. Beyond that, however, there …
Handling of data carriers Often the documents are no longer kept in paper form, but can be archived on data carriers. However, electronic invoices are subject to strict retention requirements. Many companies do not know that electronic invoices must also be saved electronically. In addition to invoices, books and other records can also be stored …