Why do I have to pay land transfer tax?

Everyone who buys a property has to pay the real estate transfer tax. The good thing about it – it only has to be paid once at the time of purchase, and not annually like property tax. Since the real estate transfer tax is more or less depending on the federal state, one should inform oneself about the percentages before blindly buying an apartment for emotional reasons, because the price always plays a role. Generally, the land transfer tax is set between 3.5% and 6.5%.

Calculation of the real estate transfer tax

The real estate transfer tax can be calculated quite simply:

Purchase price x tax rate by federal state = real estate transfer tax

Overview: Property tax rate of the federal states

Here is a brief overview with the 16 federal states and the individual real estate transfer tax rate:

The next step: brokerage costs in the search for housing

You want to buy your first property, such as a condominium, and want to hire a real estate agent? Good idea, but first you should know that a real estate agent costs quite a bit of money, whereby a distinction is made between private and commercial sales. How much that is, as a percentage of the purchase price, you can find out here.

What exactly are business expenses?

The income tax law regulates in § 4 quite clearly what is meant by the term business expenses: It is all expenses that are necessary to make your business functional and to keep it. In other words, all purchases and expenses that are caused by your entrepreneurial activities and without which you would not be able to run your business. You can enter these necessary expenses in your tax return, they reduce your profit and therefore your tax burden. However, tax law does not accept all business expenses equally, immediately or even in full.

What types of business expenses are distinguished?

The legislature has sorted all conceivable business expenses into four different categories which are mandatory and decide the respective tax reduction status. These are as follows:

Anticipated operating expenses

The most important rule for all solo self-employed people: Carefully collect all receipts – and start doing so before you even get started with your business. All costs incurred in the preparation phase, i.e. before you are officially registered, can be claimed later as anticipated business expenses. This includes, for example, travel and financing costs, expenses for seminars and the like.

Immediately deductible business expenses

This drawer includes all the bills you need to pay in order to run your business at all. Classically, these include:

• Occupancy costs (rent, electricity, water and heating, cleaning and maintenance),
• Telephone, fax, Internet connection,
• Office supplies (paper, postage, pens) and office equipment (printer, copier, scanner),
• Insurance and car expenses, costs of travel by public transport,
• Training costs,
• Bank Charges.

The acquisition of an asset, such as a company car, is an immediately deductible business expense, but the costs are split over the expected useful life. Here, the so-called depreciation for wear and tear (Afa) applies.

Limited deductible business expenses

Not all costs that you incur in principle but not exclusively in connection with your business are recognised by the legislator as tax-reducing. This is especially true if there is no clear dividing line between private living and business. Thus, in the case of a study in one’s own living quarters, small details often make the difference. The same applies, for example, to the cost of meals while travelling (additional expense) or the expenses for coffee and biscuits that you offer your business partner.

Non-deductible operating expenses

Anything under this heading doesn’t reduce your tax payment. The catalogue is long, here are the most important points:

• Gifts over 35 euros (if 35.01 euros is on the invoice, the whole amount is void!),
• Travel expenses between home and work,
• Entertainment expenses “for business reasons” are accepted at 70 percent, the remaining 30 percent are not,
• Penalties and warnings, reminder fees or interest for evasion.

How can I deduct my business expenses from my taxes?

You simply enter your business expenses in your tax return. They reduce your profit and thus your tax liability. But be careful: In order for the tax office to recognize your costs, you have to prove them meticulously. You should therefore always and consistently keep all receipts and sort them regularly. If you lose an invoice or receipt, the tax officials can estimate the item or cancel it altogether – both are usually bad for you.

If you deliberately or even accidentally declare private expenses as business expenses, then you risk not only a “hefty” penalty payment in the event of a tax audit, you can also rely on the fact that the tax officials will henceforth keep a particularly critical eye on your tax return.

Who can claim business expenses as a lump sum?

Some self-employed people are granted the right by law to have their business expenses credited at a flat rate. These include:

• Childminders (flat rate 300 euros per month),
• Self-employed midwives (25 percent, maximum 1,535 euros per year),
• Freelance journalists and writers (30 percent, maximum 2,455 euros per year).

Members of these professions can, of course, still choose to itemise their business expenses if this is more favourable to them.

Bottom line: how can you lower your tax burden?

All costs and expenses that you incur in direct or indirect connection with your business are part of your business expenses. You should keep all receipts and invoices carefully and sort them regularly so that you can enter these expenses correctly in your tax return. There, they will then reduce your profit and thus reduce your tax liability. With smart accounting software, this is all a little easier to do. You can claim even the smallest amounts, because the proverbial little things save taxes. Just don’t forget to always separate private and business expenses – the tax office reacts very sensitively to such “inaccuracies”.

Tax advice simply explained: 7 areas

The tasks of the tax advisor differ depending on which tasks you take on yourself. The main tasks of the tax advisor are bookkeeping, financial accounting, accounting of wages and salaries, the annual financial statements and of course the general advice on the subject of taxes and tax optimization.

If you are interested in the processes, the individual areas of responsibility, then you are in the right place. Learn about the risks of hiring a tax advisor, as well as 3 tips to find a good, really good tax advisor. After that, we will give you deep insights into the daily cooperation with your tax advisor.

7 typical tasks of tax consultants in companies:

1. Advice on tax preparation and structuring
2. Bookkeeping and financial accounting
3. Payroll accounting and payroll
4. Profit and Loss Account (EÜR)
5. Tax returns (much more on this later)
6. Audits of tax assessments
7. Representation vis-à-vis tax office and court

Source: Lukinski.de, tax consultant for companies

Why is it so important to find a good, reputable tax accountant?

Every euro that is not spent on taxes can be reinvested and generates further returns (profits)

That means if you pay too much tax, your money is gone. You can’t use it for new ideas and projects, which in turn bring you more profits and wealth. That’s why a good tax advisor is so important for your wealth creation.

Tasks of the tax consultant: tax returns, wages & Co.

According to Lukinski, the 4 central tasks consist of these areas in simplified form:

1. Tax returns (monthly filings and annual evaluations)
2. Wages for employees
3. Balance sheets (annual financial statements)
4. Tax structuring (set-up and optimisation)

Consulting: foundation, day-to-day business and development

The most important, especially for founders, is the tax advice and design. Taxes are not only a topic for large companies and corporations. It already starts with the managing director’s salary and tax allowances. In the growth process there are also changes in the legal form of the company (list external). If you look at a possible process, this could include, for example, the following stages that you go through step by step as a self-employed person.

Evolution a company (exemplary):

• Sole proprietorship
• Entrepreneurial company (UG haftungsbeschränkt)
• Limited liability company (GmbH)
• Stock corporation (AG)
• Holding (with subsidiaries)

Tax advice therefore begins even before the company is founded. It continues with simple, initial aspects such as your managing director’s salary and goes on to the change of the individual legal forms of companies.

Processing of tax matters

Consultations on tax structuring, concept creation for tax avoidance, that is of course not the daily routine in the cooperation. The daily cooperation with your tax advisor is mainly about the processing of tax matters, from payroll accounting, bookkeeping and preparation of tax returns, to special requests. A list of key points is worth a thousand words, so here is a summary of what the “day-to-day work” is about, the tasks of the tax advisor.

Tax consultant tasks in detail:

• Bookkeeping; this includes setting up bookkeeping, creating a chart of accounts, bookkeeping itself, account assignment of documents).
• Payroll accounting
• Tax returns; this includes wage tax, capital gains tax and turnover tax advance returns
• Preparation of tax returns; these include income, corporate, trade, sales, gift and inheritance tax returns.
• Preparation of financial statements; this includes the income statement (EÜR), opening balance sheet, annual financial statements, interim financial statements, liquidation balance sheet and explanatory reports
• … and special requests

For the sake of completeness, tax advisors naturally help not only in setting up or setting up the business, but also in winding it up, i.e. insolvency, should something go wrong.

Do I need to hire a tax advisor?

As a company and self-employed person, you are not obliged to hire a tax advisor.

However, if you do not have a sound education yourself or the risks are too great, for example because you are not a small business (with “only” 5,000, 7,000 or 10,000 turnover per year), then you should definitely rely on the support of a tax consultant. The higher the turnover, the greater the risk of making mistakes. After all, in your company you are not only responsible for yourself personally, but also for your employees. They rely on you, as well as on regular salary payments.

The perfect segue to your duties!

Even if you have hired a tax advisor, it is worthwhile to take over certain tasks yourself. Depending on how many tasks you take over in your company yourself (or through employees), you save costs with the tax advisor.

Whose work costs you more per hour: employees or accountants?

Some founders collect all receipts, then give them collected, but unsorted in the office. Already the first mistake, because so happens the assignment, to the individual account movements, by the tax adviser. With 100 receipts quickly a few extra hours, with all the queries.

Your tasks: Work with tax consultants = save money

Every hour that your tax consultant works for you, apart from the regular tasks, costs extra. If you send your documents (incoming invoices and outgoing invoices) unsorted, the tax advisor or an employee has to do virtually everything. Conversely: If you deliver everything sorted, allocated (document = account movement) and assigned, it minimizes the workload extremely.

If you write invoices in which, for example, your tax number is missing, your tax advisor has to point this out, you have to change everything, send it again. If you don’t collect your invoices sorted and chronologically, your tax advisor has to do the job, some receipts are unclear, again queries, time and costs. If you don’t use digital accounting yet, through tax software, receipts still have to be entered by hand. These are all factors that drive up the cost of your accountant.

So, in quick summary, what are your responsibilities when working with an accountant? Because:

Work with the tax consultant = save money

Very basically, there are 4 areas that you should work through cleanly.

Wages, registration, health insurance, etc.

Theoretically, the tax comes first, determined by the monthly accounting. But for us one thing is most important, your employees! Because only through good teamwork, you can achieve good results with your company. Therefore, for us first of all wages, health insurance and other liabilities that provide for a good and effective team.

PS: Good teamwork always means that you are a good motivator for your employees.

Central is the submission of wage data, always on the 15th of the month. In the middle of the month? Yes, exactly, because the payroll data must first be processed, often by external payroll offices, which in turn are commissioned by your tax advisor. This happens especially in smaller tax offices when the necessary personnel resources are not yet available.

This means that halfway through the month you send wages, fixed hours and probable hours to the tax advisor. If you have employees who do not have fixed monthly working hours, you must extrapolate the probable working time. These estimated times will then be offset against the actual working times (of the previous month) in the following month.

Caution, unaware cost trap! Health insurance

Health insurances are not part of the wages and especially company founders often only (!) calculate with the sum for wages and salaries instead of seeing the total costs that arise for employees.

Here’s a small example:

• Salary (transfer): 1.500 €
• Health insurance: 700 €
• Costs for payroll accounting: 15 €
• Central wage costs: € 2,225
• Unconscious costs: + 32,6 %.

The gap between the €1,500 calculated in the mind and the €2,225 actually paid is a whole €725, or +32.6 per cent. Therefore, always remember that the cost of wages and salaries ultimately includes not only the actual payment to the employee, but also the health insurance and payroll costs, which are additional for each individual employee.

This calculation error increases with each individual employee. So, for example, if you hire 5 employees directly at the start of the company through an investment or a loan and do not keep an eye on the costs for health insurance and payroll accounting, you will have a monthly deficit of 3,575 euros in the calculation example. If you have a loan of 50,000 euros or an investment, hire 5 employees, it has consequences quickly. After a period of 6 months, the sudden, supposed loss is already 21,450 euros. Finances are the number 1 reason for the failure of companies.

This is where another statistic comes right into play, 9 out of 10 businesses fail in the first 5 years. The most common reason is lack of funding and capitalization. Supposedly, because maybe it’s just the wrong calculation.

That’s why it’s always important: You have to take an interest in taxes and duties yourself.

Don’t leave the work (only) to your tax advisor!

Let’s recap wages, employees, and health insurance:

• Submission of wage data by the 15th of the month
• Submission of actual and estimated working times (depending on employee type)

Monthly taxes: sales tax, trade tax, etc.

From our long look at employees now to the point at hand, monthly taxes! As a business (except small business) you are obliged to charge VAT if the invoice recipient is in the country (business) and always if the customer is a private person.

The very most important thing for accounting and for accountants:

Each posting (transaction) gets an assignment (document)

Or in other words, for every receipt and withdrawal on your account, there is a receipt that provides proof of what the money was used for.

This monthly evaluation determines the amount of sales tax you have to pay to the tax office.

If your turnover is high enough, the tax office will ask you to pay business tax for the first time. The sales tax is a transitory item. The trade tax reduces your profit, the sales tax does not. Read more about the types of taxes in Germany here.

Once again summarized the most important tasks for you, in the preparation of accounting:

• Each posting a document
• Accounting almost 1 month together
• Submission no later than the 10th of the following month (tax office, previously to tax advisor)

Annual taxes: annual accounts

At the end of the year, depending on the legal form and company structure, financial statements are sent to the tax office.

If you do not file your tax return yourself, the annual accounts will be prepared in full by your tax adviser.

Your annual accounts provide information about the financial situation of your company. The annual financial statement is mandatory for all types of companies and is also sent to the Federal Gazette. In this way, company balance sheets can be viewed by the public. This facilitates credit checks for other companies and gives the tax office an insight into the current situation.

At the end of the year, there are various declarations that need to be filed, depending on the legal form(s) and company construct. For the self-employed, this includes the income tax return or, in general, the VAT return. As I said, all these aspects are taken care of by your tax advisor.

The annual accounts must be submitted by 31 July at the latest. Unless you are assisted by a tax advisor, then the submission can be extended to 28/29 February of the following year.

Now before we get to the 3 tips to find a good tax accountant, first the risks and dangers of hiring the wrong tax accountant.

Compare tax accountants: Risk when hiring

You want to find a good accountant! Because you want to avoid risks and dangers, after all, it will cost you money if you hire the wrong firm for your accounting. Ultimately, also a reason why startups fail. Cost of additional processing, advice and service and of course losses, for example if tax benefits are not taken (quote above). In the article on Lukinski, 3 specific risk factors are described that usually only become apparent after years of working together. The 3 risks first at a glance.

Assign risks to the tax advisor:

1. Intensive, regular cooperation; means commitment and time for tax consultant changes
2. Amount of monthly and additional costs; money missing for reinvestment
3. In the long term: lose money (pay too much tax, plus costs for tax advisor, lack of reinvestment) due to lack of qualitative / quantitative advice

Learn even more about 3 big risks in contracting here:

• Hiring a tax advisor: 3 mistakes

Find a tax advisor: 3 tips

In order to find a good tax advisor, there are in the article on Lukinski directly 3 practical tips with to the hand, for your search, for a good tax advisor in the proximity.

These 3 tips will help you find a tax accountant:

1. Don’t click on the ad in the search results (go directly to page 2)
2. Rating on online portals (more than 5 opinions)
3. Experiences and recommendations from successful entrepreneurs

Avoid advertisements in search results and portals

For one, never click on the ads, because these search results do not come from quality. The ads are here solely because money is paid for it. Money that is spent on advertising, of course, must be taken again. Already the costs for the tax adviser rise, because marketing is expensive. Maybe it is also not the best tax office, after all, customers still need to be recruited. Word of mouth is not enough to acquire new customers through recommendations, that is, through satisfied customers.

Ratings with quality and quantity

Tip number 2 deals with the evaluation in online portals. Here you should pay particular attention to the fact that there are a relatively large number of opinions. Buy reviews is quite simple. For as little as $19, there are real reviews in search engines and on social networks. Therefore, you should on the one hand compare the number of reviews with other offices, on the other hand read the opinions or even read through. A simple “very good” could possibly be bought.

Tax consultant experiences of other successful entrepreneurs

Tip number 3 is the safest way, you ask experienced and successful entrepreneurs in your area who can give you good recommendations. Another advantage, you have a door opener to the firm. Because good tax accountants don’t wait for new clients, they have enough inquiries through referrals.

Here again, briefly summarized, the 3 tips from practice to find a good tax advisor:

1. Don’t click on the ad in the search results (go directly to page 2)
2. Rating on online portals (more than 5 opinions)
3. Experiences and recommendations from successful entrepreneurs

Conclusion: Find and hire a tax consultant

That was our insight into the topic of finding and hiring a tax advisor. So remember, don’t leave the work (only) to your tax accountant! The more you understand and do, the less you pay for the tax advisor and the more money or profit you have left to reinvest.

You’ve learned a lot about working together, from monthly bookkeeping and wages, to your company’s financial statements. Also the 3 biggest risks and 3 tips so that you do not make mistakes when choosing a tax advisor.

You can find more on this topic in the source of the article on Luinski.de: Steuerberater.

Costs and billing

How much does a tax consultant cost per hour? How are the fees of the tax advisor calculated? How much should a tax accountant cost? And how much does a small business tax accountant cost? If you haven’t experienced tax accountants yet, here are official costs and rates for you, from the federal Chamber of Tax Advisors. Tip. Under the explanation of value fee you will find the cost table for 100.000, 200.000 and 500.000 Euro – that’s how much your tax advisor costs / earns!

• Tax consultant costs

Mistakes: 3 risks for your company

Hiring a tax accountant / mistakes – You want to find a good tax accountant! Because, you want to avoid risks and dangers, after all it will cost you cash if you hire the wrong firm for your accounting. Costs for additional processing, advice and service and of course losses, for example, if tax benefits are not taken (quote above). In the article on Lukinski, 3 specific risk factors are described that usually only become apparent after years of working together. The 3 risks first at a glance.

• Hiring a tax advisor: mistakes

Tax consultant in the vicinity

Nearby Tax Accountants – Find a good tax accountant near you? We have searched the internet for you for days to find the best recommendations for tax consultants in your area: Hamburg, Berlin, Cologne, Dusseldorf, Munich, Stuttgart & Co. for your private tax return or income tax return or more complex accounting for companies, from monthly financial accounting to annual financial statements. Including adresses, telephone numbers and website.

• Tax consultant in the vicinity

Hiring a tax advisor: 3 mistakes

In our great overview on the subject of tax advisors, the recommendations for many cities, for good tax advisors in the area, the tax advisor costs everything on the subject of starting a company and possible legal forms; taxes are so important for entrepreneurs that today we once again focus on the tax advisor choice. Because, especially the selection of the tax advisor is a central factor, for the success of your company. Before we look at the 3 mistakes in detail, here is an overview for you.

Assign risks to the tax advisor:

1. Intensive, regular cooperation; means commitment and time for tax consultant changes
2. Amount of monthly and additional costs; money missing for reinvestment
3. In the long term: lose money (pay too much tax, plus costs for tax advisor, lack of reinvestment) due to lack of qualitative / quantitative advice

Source: Lukinski.de, article tax consultant for enterprises

Let’s look at each of the commissioning risk factors.

Communication and bonding – risk number 1

First of all, a risk factor that is not directly related to the topic of “losing money” or “costs for the tax advisor”. It’s the regular, intensive relationship you have with your tax advisor. While most business relationships are relatively irregular, you’ll need to talk to your own tax advisor for many, recurring transactions in the. Whether it’s levies, consultations or queries.

If you don’t feel absolutely comfortable during the first meeting, or if you are not on the same wavelength, then you should refrain from working together. That is why it is so important to compare tax advisors, through recommendations from experienced entrepreneur friends or through initial discussions with different tax advisors. Also important so you have different quotes in front of you. How often you will communicate, you can already see by the weekly to annual meetings, even if only digitally.

Deadlines for submission of accounts, wages and annual financial statements

Regular communication includes, for example:

• Monthly submission of the accounts, by the 10th of the following month (deadline at the tax office)
• Wages and salaries, as of the 15th of the month
• …
• Financial statements

As an entrepreneurial person, you are in constant contact with the tax office. Therefore, you should also look for people with whom you, as described, are on the same wavelength. If it quickly comes to disagreements and disputes, the share of communication decreases and so you come to risk number 3: The lack of tax advice.

At the same time, you’re just as reluctant to make contact and won’t ask some questions you would have asked an accountant you trust.

So in addition to all the facts and figures, the personal level also plays a role.

Change of tax advisor: When mistakes add up

Already by the above points you have seen how in your company is connected with the tax adviser. Accordingly, a change is not possible overnight, it must be well prepared. You need to find a new firm that will take you on as a client. Especially good law firms check if they want to work with a client. The new tax advisor must then, as immediately start working for a smooth transition, for example, if you have a dispute with your old tax advisor.

So the commitment is relatively long-term, until you notice mistakes (we’ll get to that in a moment) and find time to change tax advisors in addition to the day-to-day business of your company. But don’t worry, if you find someone who accepts you as a client, the change is made relatively quickly, from the first conversation to the start is maybe 7 to 14 days.

Thanks to digital accounting, the change of tax advisor is possible within 24 hours if the mandate is accepted by a law firm.

Monthly, too high cost burden – risk number 2

Of course, tax consultants don’t work for free. When you look at the costs of a tax consultant, you also look at two values.

Cost factors: 1) Regular and 2) Additional services

Cost factor 1: Regular services – The basics, i.e. your bookkeeping and financial accounting, are usually calculated according to the value in use. Value in use means that the monthly amount of the costs is based on the amount of your turnover. The more turnover you make, the more you pay. The fees are calculated according to an official scale of fees. In addition, tax consultants have a small margin, up and down.

This means you pay a fixed value depending on how much revenue you make. Nevertheless, offers from different tax advisors can differ, as they have a percentage margin.

Cost factor 2: Additional services – In addition to your monthly basic costs, there are also additional services, for example consulting, but also the annual financial statement is charged extra. Here lies the risk factor, how much consulting is good, how much is bad for you and your company? There is no general answer to this question. Because, depending on how much previous commercial knowledge and also interest you bring yourself, ideally only 1 or 2 hours a month. Consultation means already inquiries here. Just about every minute is billed. If your tax advisor talks to you on the phone for 10 minutes, then an employee has to be informed (5 minutes), another 20 minutes of documents are procured, a decision is made and a call is made back – already 1 hour of additional effort has arisen, for one question. At 120 euros / hour, quickly a relevant topic for young companies.

So you have two cost factors and especially the additional services can quickly add up. If you use a lot of consulting, which many founders do, then every minute is charged. If you take an hourly rate of 120 Euros as a basis and only 1 additional hour per week, 4 hours of additional consulting (one appointment or distributed) will cost you 600 Euros. As a large limited liability company, this may not be a problem, but especially at the beginning, in the start-up phase, this is a lot of money.

Example calculation: Extra costs due to consulting

Here again in quick and simple summary, the calculation of the additional costs, by consulting service.

• Hourly rate tax consultant: 120 Euro
• Additional effort / week: 1 hour
• Monthly extra costs: + 600 Euro
• Annual extra costs: + 7.200 Euro

If a GmbH was founded with 25,000 Euro starting capital, an item of 28.8% of the equity capital, in addition to the costs for regular accounting.

Advice is important, but pay attention to dotted questions and be prepared, for example by doing your own research, this saves time

Dubious tax consultants? Too much advice

If you have a less reputable tax advisor and regularly 10, 12 or even 15 hours extra per month, which at first doesn’t sound like much, over the whole month, the risk quickly becomes a danger. This brings us to risk 3, the consequence: losing money due to too much overhead and taxes.

Losing money through bad / no advice – Risk 3

Through lack of communication (risk 1), too high fees for too much advice (risk 2) or even lack of knowledge, you lose money to reinvest and further tax benefits.

Too much paid money, tax benefits, you can no longer claim afterwards / partly costly, that’s why it is so important to have a good advisor at his side.

The tax advisor training is relatively simple, it is not a long, state training or a study, the training to the tax advisor makes one in a course, with subsequent examination. By and large, it is about the administration of taxes, not about the design of taxes.

Full-time training lasts (only) 2 months

No one learns the intricacies in the tax system in 2 months, it’s more about filing monthly and yearly correctly.

Many tax consultants also pass on their work to employees who then show little interest in the individual clients, for example because these employees are overloaded with tasks. Accordingly, the work is processed, that is, managed again, not designed. If you hire a tax advisor who does not attach much importance to communication, especially in terms of tax advice, you will quickly lose a lot of money, starting with tax allowances and ending with tax structuring for different legal forms.

Hiring a tax advisor: mistakes + 3 tips

Let’s summarize the four key risks again:

1. Intensive, regular cooperation; means commitment and time for tax consultant changes
2. Amount of monthly and additional costs; money missing for reinvestment
3. In the long term: lose money (pay too much tax, plus costs for tax advisor, lack of reinvestment) due to lack of qualitative / quantitative advice

Source: Lukinski.de, tax consultant for companies

This leads to the following question, how do you find a good tax accountant?

Find a tax advisor: 3 tips

Do I have to hire a tax consultant? What tasks does a tax consultant perform? How much does a tax consultant cost? Here you will find the answers to your questions and much more information on the subject of tax consultants in the area, finding tax consultants, costs, tasks, financial accounting, annual financial statements and taxes in general – but let’s start at the beginning.

• Find a tax advisor: 3 tips

Tax consultant in the vicinity

Nearby Tax Accountants – Find a good tax accountant near you? We have searched the internet for you for days to find the best recommendations for tax consultants in your area: Hamburg, Berlin, Cologne, Dusseldorf, Munich, Stuttgart & Co. for your private tax return or income tax return or more complex accounting for companies, from monthly financial accounting to annual financial statements. Including adresses, telephone numbers and website.

• Tax consultant in the vicinity

Interview with real estate expert Jan Rickel from IHV – Die Immobilien Makler.

Capital investment real estate – You should note this

FIV: Investing money is complex. Especially when it comes to real estate. Condominium, single-family house, land or an entire apartment building. How would you describe your approach to investments in a few sentences for our readers? What do I need to know if I want to invest money in real estate?

Right from the start I work according to the motto “only those who know their goal can achieve it”! Sounds banal, and actually it is. I must have a clear idea of what I want to achieve when it comes to investment – as I do in life. Once I’ve defined the goal, it’s about the strategy to achieve it.

FIV: Okay! I’d like to be a millionaire. It’s a clear target, isn’t it? With which system can I achieve this in the best and safest way?

Since my business is real estate, I can ultimately only speak for this area. But this much is certain: when it comes to long-term prospects for capital accumulation, these can be very well and reliably planned with real estate. Company investments – whether as funds or investments in a single company – are subject to strong fluctuations in their performance. Although these can also be offset over a longer investment period, there is still a higher residual risk than with real estate. In addition, there is another very important aspect with real estate: Under certain circumstances, I can achieve a significantly higher return with my existing equity capital than with any other investment. This is due to the so-called lever effect. This always occurs when I do not use the purchased property myself – i.e. rent it out. The rent is my income with this form of investment. If I compare this return exclusively to my invested equity capital, then yields in the solid double-digit range are generated.

Should you take risks?

FIV: But these are tricks, aren’t they? I have to borrow money from the bank to buy a property. That also costs money in the form of interest and redemption.

I don’t MUST borrow money, but I should do it. And this has nothing to do with the interest rates, which are still favourable at present.
Assuming I had enough equity to finance the property I wanted without a loan. Then I save the interest and repayment, but have a much worse return, because I use a lot of money to earn the rent. If, on the other hand, I borrow the money from the bank, then I only have to deduct the interest from the rental income – if I am serious about it. The repayment of the credit is my over the repayment years stretched additional own capital funds, which I put into the “piggy bank” real estate. Strictly speaking, it does not depend on the return on equity. On the contrary, if I have made the right choice when choosing a flat or apartment building, the flat will continue to gain in value in the coming years. If the speculation period of ten years and best also the financing period has expired, I can sell the apartment again and collect the increase in value as an additional return on my redemption capital.

What do I have to consider?

FIV: Sounds very simple. But what’s the catch?

Only in two places you have to be careful! I had already mentioned one place with the right location of the property. If you want to invest your money in a rented apartment, you have to pay attention to the location. Even if it should not be the top location at the time of purchase, there must be a noticeable improvement in sight within the planned investment period – i.e. as long as one wants to keep the apartment. Otherwise, the increase in value won’t work.

On the other hand, this leverage effect only works if the financing interest for my borrowed capital is not higher than the total return on capital of the property. With the current interest situation, however, this is not an issue for the purchase of a decent apartment today.

I recommend here to simply visit one or the other bank. There you usually get clear statements as to which financing framework the bank is prepared to cover. Conversely, I then know how much own money I need as an investment or in which league I can afford an investment object.

FIV: What’s better then? To buy an apartment or a house for yourself, or rather to rent it out?

When it comes purely to capital investment and returns, a property for rent is the better choice. If I want to occupy the capital investment for “today” and the property itself for the future, then I should make sure when choosing the property that the furnishings and location of the property meet my own living requirements.

FIV: How do you then confidently walk the capital market, especially if the future always remains uncertain? Are there any concrete recommendations from you as an expert for our readers?

Of course I will only be able and willing to talk about the real estate market. Anyone who has invested in the real estate business for a long time already knows how to present themselves in this market segment. But everyone else can learn that well! For beginners in the investment business, I recommend starting small. A small two-room apartment in a city or region whose population has grown steadily in recent years is a good place to start investing safely in real estate. The certainty as to whether there will also be a move in for the following years or decades and thus a need for living space can be obtained from the respective municipal administrations, for example. Often the homepage of the city or region already has some information about the urban development.

Catch up with expert advice

With regard to the property itself, the overall state of construction and equipment is of course important. In case of doubt one can consult an architect, a friendly craftsman or other people with appropriate real estate expertise. What renovations have been made? What’s on the agenda? What is the overall ownership structure of the house like? How high is the fluctuation among the tenants of the other apartments? Is there any information about the apartment I’m about to buy? Of course, this is only possible with existing properties. In the case of new buildings, one takes a look at the houses that the developer has already built elsewhere and, if necessary, talks to the residents who have already bought from this developer.

The “right” purchase price still remains…. The Bank is in demand here, as I explained earlier with regard to the leverage effect. Be sure to have several banks calculate for you how rental income, running costs (reserves, etc.) will relate to the loan conditions and the equity capital for you. In plain language: You will also receive different offers from different banks. This may be worth it for you.

FIV: And now the question of how self-confident should I appear in the conversation:

Self-confidence doesn’t mean I’m performing with the proverbial big arms. On the contrary: the real estate seller and the banker will quickly notice how experienced you are in matters of capital investment. It’s better to be a beginner! After all, bankers are now also strongly liable if they give the wrong advice.

Is the investment worth it?

FIV: We currently hear a lot about real estate returns of 4.5 percent, sometimes 6 percent. In the context of the current development of interest rates on savings balances, this sounds like a sensible investment. Would you agree with me? How much do real estate currently pay off as a capital investment?

These yield data are really serious and covered by my experiences. As far as the pure return on equity is concerned, it often even looks much better, as we have heard above. I can only repeat here that real estate is a good and safe investment in terms of yield as a capital investment – the so-called “concrete gold”. Prerequisite: the location of the property is such that it generates continuous rental income at the normal market level. If longer periods of loss of rent are to be feared, for example because the residential area or the house has a high tenant fluctuation, then the investment does not pay off.

Various types of real estate – Investment opportunities

FIV: Which type of property would therefore pay off for me? Better the small single apartment, the large condominium for families or better a detached house?

If you are a beginner in the real estate business, then start with the small single apartment. The single-family house is rather a problematic thing as a capital investment for letting. If you are then times correctly in it and also have the necessary capital, it is with real estates like with shares: the mixture macht´s! Single-apartments in corresponding regions (e.g. student cities) combined with large housing units makes sense. In concrete terms, houses with apartments between 50 sqm and 110 sqm are ideal, as apartments over 110 sqm are usually more difficult to let.

FIV: Many questions, when is it worth investing? 10,000 euros, 20,000 euros. Are the investment opportunities just discussed suitable only after a certain financial framework or are there perhaps also new alternatives and possibilities, for example in the form of regular instalments?

Here, too, we would like to point out once again that good real estate can be financed even with small investment amounts. The prerequisite is that the bank also recognises that the property is a secure investment. Condition of construction, location, amount of rent, etc. – all this must be right so that you get the credit for the purchase price demanded. Ultimately, the annual net cold rent is the proverbial crux of the matter. Of course, everything also depends on my having a regular income.

FIV: For all those who are thinking about selling or buying. Which region and location do you consider to have the greatest potential in Germany?

Oh, dear… There are so many regions. I myself live in the Rhine-Main area. This is in any case a good region to buy. And I’m not just talking about the big cities of Frankfurt, Wiesbaden and Mainz. The small towns in this region are also doing well in real estate. Hamburg, the Bonn-Cologne-Düsseldorf line, the Munich area, Berlin and Stuttgart are further examples.

Investments in nursing homes or homes for the elderly

FIV: Finally, the question: What do you think of investments in old people’s homes or nursing homes?

Very little! – is my short answer. This is related to the very high risk that this form of housing has as an investment. We’re talking about so-called social real estate here. In view of the aging population and the resulting increase in demand for senior citizens’ and nursing homes, it is suggested that this is a safe investment. However, these properties as management properties – like hotels, for example – have a serious disadvantage: if the operating company works poorly, such a property quickly becomes a bottomless pit. In the meantime, there are numerous examples of nursing homes that were either not used to capacity or lacked the necessary investments to guarantee a high standard of care. Then again the residents are absent, which in turn leads to a lack of investment by the operators. A vicious circle! Not only is there no rental income, you usually also have to inject a lot of capital in order to get the house in shape or to keep it that way.

Private customers are already being taken advantage of when it comes to the purchase prices of nursing home properties! Usually nursing homes are acquired by so-called institutional buyers. Like a hospital company or something. However, they are only prepared to invest a maximum of 14 times the expected net annual rents. This is why the developers of these facilities have in the past switched to approaching private customers – with the corresponding return promises. Often 20 times the net annual rent is charged as the purchase price, because it is supposed to be a great and safe investment. I’m not saying “hands off”, but it takes a lot of experience and advice to get into this business.

Thank you very much for the interview!

Interview with real estate expert Jan Rickel from IHV – Die Immobilien Makler.

Tax Videos: Tax optimization & save money with tips from experts

With these tricks from real experts, you can save an average of €1000 in taxes every year! Here you can learn everything about taxes. What is a tax return, when and where do I have to file it, what taxes are there, how can I save as much money as possible, how do I pay taxes on my own home and, and, and… With us you get helpful tricks and tips from experts that can save you money. Acquiring the necessary know-how will cost you little time, but will definitely pay off for you financially. The more knowledge you acquire, the greater your financial gain will be. Learn how to do it here!

Basics: calculate tax, tax return, tips & tricks

Taxes are a vexing topic for many, but everyone has to pay them and everyone is confronted with them on a regular basis. But what taxes are there actually and when do I have to pay which tax? How do I actually make a tax return and when do I have to submit it? Most importantly, how can I save as much tax as possible? With these videos from experts and professionals, you’ll get all the necessary information and definitions on the basics around taxes and get tips and tricks on how to save a lot of money on your next tax return with the right strategy!

• Tax BasicsVideos

Tax return: real estate, save money & avoid mistakes

Why, why and why are tax returns so important? Not only professionals, but also students, trainees or pensioners can benefit from a tax return. If you have never deducted anything from your taxes and have no previous knowledge, then you can get super informed in our tax return guide. Here you will find tips and tricks in the form of expert videos that will help you avoid mistakes. We also give you tutorials to help you with your first or next tax return.

• Videos with tips and tricks: Tax return

Tax tips & tricks: Save money on your tax return

Almost everyone knows it, there comes a time in the year when it is called: The tax return is due again. For many, this is still a vexing topic, but it doesn’t have to be! With the right tax return and the appropriate strategies, you can often get a lot of money back and thus save an average of 1000 € per year. We have compiled the most important and exciting tips and tricks for you in videos from experts, so that you can also save money and look forward to the next tax assessment in the future!

• Videos: Tax Tips & Tricks

Taxes for real estate: savings on sale, donation and much more.

Real estate is basically a big topic in the financial world: buying, selling, inheriting, donating, renting, investing, etc. But to what extent do I actually have to pay taxes in the area of real estate? With tips and tricks you can save a lot on your property taxes, you just have to know how. In our video list you will find many videos in which experts explain to you what really matters and which mistakes you should avoid at all costs. With this help, you will soon be able to fully understand the topic of real estate taxes and save a lot of money in the future!

Taxes & capital gains: avoid taxes with tips and tricks

Generating capital gains is one thing. Then again, taxing them is another. What exactly capital gains are and what they have to do with taxes, you will learn here. Among other things, the topics of capital gains tax, tax returns, dividends and interest are adressed in relation to taxes. Through tips and tricks from experts, which they reveal to you in these videos, you get help for your tax return and more net income.

• Video Tips: Taxes & Capital Gains

Finance: Save money, build capital and invest

Before you get into the topic of taxes and paying taxes, you should get an overview of your finances. What do I have, where do I have it and what is the best way to deal with it? Once you’ve built up some equity, the next step is to invest or reinvest it as smartly as possible. If you have chosen the right strategy, wealth accumulation almost runs by itself. How all these dynamics intertwine and how you can earn a lot of money with all this you can learn here!

Finance: Basics, Credit & Financial Freedom

Finances are a very important topic in today’s society, with which basically everyone comes into contact in one way or another. We explain the most common terms in the world of finance and give you information and tips on loans, overnight money, shares, etc. If you want to know how investments work, what different financial products and options are available and which credit card is particularly recommendable, you’ve come to the right place. You will also learn how to avoid risks and mistakes.

• Recommendations: Videos Finance

Wealth Building: Real estate, taxes and passive income

You don’t want to slave for your money all your life? You want to make your money work for you and finally build your own wealth? We’ve compiled the best video tips for you to learn how you too can finally build wealth. Passive income, stocks, investments, real estate and ETFs, all these terms and strategies are explained and explained to you in the videos. With this know-how, everyone can learn something, build up or expand their assets or simply make targeted provisions for old age. It’s worth watching!

• Video tips wealth accumulation

Investment: investing money, strategies and capital accumulation

Real estate is considered a safe and profitable investment. But what is the best way to invest in houses or apartments? Whatever drives you to make a lot of money: Buying a home as an investment is the best idea you can make. If you want to successfuly invest in real estate, you need a good strategy. It’s underestimated how quickly life can change. Successful investors calculate before they buy whether the expected return on a property will cover the financing costs and whether they can even make a profit in the end. Learn here how you can do that too!

• Successful Investment Video Tips

Financial provision: possibilities, savings and reserves

Once you have saved money through taxes and the right handling of your finances, the question now is how best to invest and invest your money. It always makes the most sense to make provisions for old age – unfortunately, too many people still forget that. Whether it’s retirement planning or pensions, it’s never too early to get comprehensive information. Here you will find recommendations for videos on the subject of financial provision for old age.

Retirement provision: insurance, declaration and provision for the self-employed

The subject of old-age provision is one of the most important topics that Germans think about. Even at a young age, people are made aware of the need to make provisions for later life. But how exactly do I do that? When do I start with old-age provision? Which mistakes should I avoid? Where can I get tips? And why do I need a financial provision at all? We’ll answer all these questions and more here.

• Videos old age provision

Pension: How much is your pension, calculation, tips & tricks

Sooner or later, everyone has to deal with their pension. How the pension system works, when and where you can get the best information, what mistakes you can avoid and what tips there are to set the pension as high as possible, we show you all that here. We also give you insights into investment options and the Riester pension.

• Tips via video: Pension

Tip! Taxes XXL – Taxes at a glance + explanation

Taxes are often a vexing topic, especially in Germany. Wage tax, value added tax, real estate transfer tax and much more: it is not easy to keep track of everything. But if you’re not interested in employing a tax consultant, who can be quite expensive, you need to get to grips with the subject of taxes. We want to help you with that! Here you will find an overview of guides as well as book and video tips on the subject of taxes. Whether we introduce you to individual types of German taxes or you watch a video on the subject of tax returns, all your questions about German taxes will be answered here.

• Book and Video Tips: Taxes XXL

Taxes & real estate: from basics to savings tips

Whenever money is involved, taxes inevitably come into play at some point. Of course, this is also the case in the real estate business: countless taxes such as sales tax, trade tax, acquisition tax, property tax or inheritance tax are incurred. It is not easy to keep an overview. Our list of book recommendations should help you answer your open questions and provide you with the necessary knowledge, with which you will soon be a professional in the field of real estate taxes.

Before we come to the book recommendations for real estate taxes, here are 3 tips on the subject: Learn for free on Lukinski, from the tax 1×1, to special real estate taxes such as land transfer tax, property tax & Co. learn for free, as well as video recommendations and for those who want to become a real estate investor, still a look at the topic of tax coaching. Because the more money you earn by renting out houses and condominiums, the more taxes you pay. The more knowledge you build up about renting and taxes, the more equity you have for future investments as a landlord and real estate investor.

Tax 1×1 for real estate (free of charge, external)

If you are looking for tips online, we can also recommend Lukinski.de. Here you will find everything from getting started in real estate to real estate as an investment through renting to saving taxes with real estate (external). All free of charge.

Tip! Overview Taxes XXL

Taxes are often a vexing topic, especially in Germany. Wage tax, value added tax, real estate transfer tax and much more: it is not easy to keep track of everything. But if you’re not interested in employing a tax consultant, who can be quite expensive, you need to get to grips with the subject of taxes. We want to help you with that! Here you will find an overview of guides as well as book and video tips on the subject of taxes. Whether we introduce you to individual types of German taxes or you watch a video on the subject of tax returns, all your questions about German taxes will be answered here.

• Book & Video Tips Overview: Taxes

Tax optimization: Experiences from Tax Coaching

If you write about real estate, you have to educate yourself. More concretely, when it is no longer just about personal use, but also about renting. Because, the biggest item on the expense side is taxes. The more you earn, the more taxes you have to pay – the problem is clearly defined, what to do? Learn from experience, from those who have made it. Many say that the Next Level Tax Coaching is the best in Germany. Reason enough to take part yourself. You want to become a real estate investor yourself?

Read more about tax coaching here:

• Tax optimization: Coaching

Find a tax consultant: near you

Are you still looking for the right tax advisor in your area? Then take a look at our lists: We have compiled the best-rated tax consultants for you for almost every city in Germany, where you should always receive good advice. You can find more information about tax advisors in your area here.

Fundamentals of the real estate industry

Rating: 4.4 / 5.0 (33 ratings)

This renowned basic textbook provides a clear introduction to the entire life cycle of real estate. It provides students and teachers with the economic, legal and tax knowledge necessary for this rapidly expanding field. It is also ideally suited as a reference work for lecturers as well as for specialists and managers in real estate companies.

• Extensive changes in building law
• Construction Contract Reform Act
• Amendment of the liability for defects under commercial law
• Regulations from the Act on the Modernisation of the Law on Environmental Impact Assessment
• Concept of orientation on the life cycle of the property
• Marketing, financing, portfolio management and project development
• Buy at Amazon

Tax guide for real estate investors

Rating: 4.3 / 5.0 (233 ratings)

Alexander Goldwein’s trademark is to explain complex topics simply. This gives even readers without prior knowledge the chance to understand the interrelationships and to use this knowledge for their own benefit. The book contains numerous practical examples and up-to-date references to case law and letters from the Federal Ministry of Finance. It is suitable for both beginners and advanced readers.

• Maximum recognition of income-related expenses
• Realization of tax-free capital gains
• Tax advantages for listed properties
• Holiday real estate at home and abroad as an investment property
• Inheritance and gift tax (tax-optimised transfer to spouse & children)
• Bonus material: Excel tool for calculating return, financing costs and cash flow
• The ultimate tax guide for private investments in residential real estate
• Buy at Amazon

Never pay taxes again as a real estate investor

Rating: 3.7 / 5.0 (15 ratings)

How not to pay taxes for your good real estate portfolio, this book explains to you with real practical examples:

• Theory explained
• Refurbishment and maintenance of real estate
• Credit financing for real estate
• The combination of financing and refurbishment
• Strategic planning of reorganizations for tax optimization
• 15% rule for acquisition-related production costs
• Practical example 1 – The first apartment tax-free
• Practical example 2 – The existing portfolio tax-free
• Practical example 3 – Re-borrowing to save tax
• Practical example 4 – New MFH with a broken flat
• Final thoughts
• Includes real-life examples and real numbers from my properties and my tax return.
• Buy at Amazon

Giving away & bequeathing real estate in a tax-optimised manner

Rating: 4.6 / 5.0 (63 ratings)

The basics and structuring options are presented systematically and understandably in this book. The reading requires no prior knowledge and is also suitable for legal laypersons:

• Presentation of the legal succession with the consequences for the inheritance tax burden
• Optimal drafting of a will for the transfer of real estate to children and grandchildren
• Gifts of real estate during lifetime as a means of reducing the tax burden
• Protection of the donor of real estate through usufruct, right in rem and life annuity
• Succession by will regulate & save taxes with allowances & gifts of houses & condominiums
• Annex with sample texts for the implementation of the strategies
• Buy at Amazon

Tax lexicon of the basics

Rating: 4.0 / 5.0 (124 ratings)

In this tax lexicon of basics, difficult technical knowledge is simply brought to the point by Alex Fischer. With the help of good explanations and practical examples, it gives you a (relatively) easy introduction to the complex world of taxes:

• You want to finally know and understand how the tax system works in real life?
• When searching for helpful information you come across thousands of technical terms that confuse you?
• If you look up a technical term (online or encyclopedia) are in the definition again umpteen technical terms that you do not understand?
• Even if you understand the definition, you don’t know what the point is for you?
• Things are described with no “hands on” example?
• For beginners and advanced learners who want to know more about the tax system
• For people who finally want to have a clear view when it comes to taxes
• For people who have the goal to optimize their personal finances and tax arrangements
• Bonus: Workbook
• Most important technical terms simply explained
• Buy at Amazon

Save taxes for real estate owners

Rating: 4.1 / 5.0 (8 ratings)

This book covers these topics and much more:

• Construction and purchase of real estate, tax incentives for home ownership
• Management of owner-occupied and rented real estate, taxation of rentals
• Sales and taxes on the disposal of real estate
• Inheritance and inheritance tax
• With detailed index
• Buy at Amazon

Tax guide for landlords

Rating: 4.2 / 5.0 (29 ratings)

How you can save taxes as a real estate investor with the right tax strategy – Would you like a good overview of the tax regulations and structuring options available to you in the context of a private real estate investment?
This guide provides you with the necessary knowledge – comprehensibly prepared and immediately applicable in practice:

• Complete tax strategy from A to Z
• Complete tax guide for long-term real estate investments
• Income Tax & Value Added Tax
• Determination of personal income tax rate
• “small 1×1 of the expenditures with renting and leasing”
• Numerous examples and suggestions for implementation
• Buy at Amazon

The tax of the real estate – made easy

Rating: 4.2 / 5.0 (10 ratings)

Real Estate and Taxes? In this book, an experienced tax advisor solves the tax issues from owning a home to managing large properties:

• Acquisition, construction, modernisation
• Income, renting, sale, trade
• Value added tax, trade tax, acquisition tax, property tax, inheritance tax
• Textbook for house and land ownership
• Indispensable for all learners in the real estate industry, also a handbook for interested and committed people
• Plus: 25 overviews and 45 guiding principles
• Buy at Amazon

Tax knowledge 2 go: Crash course

Rating: 4.4 / 5.0 (111 ratings)

In this guide for small businesses and freelancers, you’ll learn how to keep your money with you as a self-employed person and not give it away to taxes:

• Income statement
• Value added tax (including small business regulation)
• Trade tax
• Income tax
• Deduct business expenses from tax
• Understandable, practical and compact
• Buy at Amazon

Master Course Real Estate Investments

Rating: 3.7 / 5.0 (10 reviews)

Rent out real estate successfuly and save taxes: In this part of the book series, you will receive an understandable introduction to the tax law that is of practical relevance to landlords. In addition, you will receive a practice-oriented introduction to the basics of tenancy law, including the possibilities for rent increases.

In addition, the book series includes the following other parts:

• Strategy to get rich with real estate
• Search, check and buy real estate professionally
• Financing and calculating real estate correctly
• Concluding real estate purchase and construction contracts with legal certainty
• Buy at Amazon

Related Links about the topic Real Estate & Taxes

Real estate is an interesting topic for you and you would like to learn more about it? In our lists of recommended books and videos on the topics of real estate and taxes you will find a lot of interesting information. Experts reveal their tips and tricks and prepare you optimally for the topic of real estate. Topics such as real estate financing, finding the right real estate agent, buying a house or even topics such as tax basics are covered. Learn a lot of new things here!

Entry into the real estate industry

Real Estate for Beginners – Want to get started in the real estate industry? Here you will find tips and important know-how on how to become successful in the real estate world. How do you get started in the real estate business, what mistakes and risks are there and how can you avoid them? We enlighten you! Here you will find the best books that explain how you can become rich with real estate. Real estate, renting, taxes – learn all that here.

• Book tips for getting started in the real estate industry
• Real Estate Entry Videos

Build property

To build or to buy a house? This question is on the minds of many prospective buyers. Here we show you the advantages and disadvantages of both options and offer interesting tips on financing. Both options have their advantages. A new building has the great advantage that you can determine the layout of the rooms according to your wishes. With an existing property, you don’t have to deal with the complicated construction phases and you can live in your own home much more quickly. Here you will find videos that will help you to finance your dream home and show you what you should pay attention to.

• Video tips on the subject of building real estate
• Building Real Estate: Book Recommendations

Taxes Basics

Preparing a tax return: Do you know how? What are taxes and what are they used for? Here you’ll learn everything about taxes – from the basics, to the different types of taxes, to how to file a tax return. We’ll introduce you to the best books on taxes, including reader reviews, recommendations & experiences!

• Basics Taxes Book Tips
• Video tips on tax basics

Back to overview Taxes XXL: Tax return, tips & more

Here you can return to the overview of book and video recommendations on the subject of taxes in Germany. Tax forms, tax rates, tax returns and much more will be explained to you by experts and made understandable. In this XXL guide you will find information and articles on the most diverse questions on the subject of taxes.

• Book & Video Tips Overview: Taxes

Real estate taxes

Every one of us would like to save taxes, and this also applies to real estate. Especially here there are a lot of taxes, for example for your own home. In order not to lose the overview, it is important to inform yourself extensively. You can find out how to successfuly optimise your tax situation with tips and tricks from experts. We have compiled the most important questions/answers and information for you in this list of videos, so that you will soon have a clear overview!

Before we come to the book recommendations for real estate taxes, here are 3 tips on the subject: Learn for free on Lukinski, from the tax 1×1, to special real estate taxes such as land transfer tax, property tax & Co. learn for free, as well as book recommendations and for those who want to become a real estate investor, another look at the topic of tax coaching. Because the more money you earn by renting out houses and condominiums, the more taxes you pay. The more knowledge you build up about renting and taxes, the more equity you have for future investments as a landlord and real estate investor.

If you are looking for tips online, we can recommend Lukinski.de. Here you will find everything. From Basics: Understanding Taxes, to Real Estate as an Investment through Renting, to Saving Taxes with Real Estate (external). All free of charge from the experts.

Tip! Overview Taxes XXL

Taxes are often a vexing topic, especially in Germany. Wage tax, value added tax, real estate transfer tax and much more: it is not easy to keep track of everything. But if you’re not interested in employing a tax consultant, who can be quite expensive, you need to get to grips with the subject of taxes. We want to help you with that! Here you will find an overview of guides as well as book and video tips on the subject of taxes. Whether we introduce you to individual types of German taxes or you watch a video on the subject of tax returns, all your questions about German taxes will be answered here.

• Book & Video Tips Overview: Taxes

Find a tax consultant: near you

Are you still looking for the right tax advisor in your area? Then take a look at our lists: We have compiled the best-rated tax consultants for you for almost every city in Germany, where you should always receive good advice. You can find more information about tax advisors in your area here.

Tax Coaching for Landlords / Investors: Field Report

If you write about real estate, you have to educate yourself. More concretely, when it is no longer just about personal use, but also about renting. Because, the biggest item on the expense side is taxes. The more you earn, the more taxes you have to pay – the problem is clearly defined, what to do? Learn from experience, from those who have made it. Many say that the Next Level Tax Coaching is the best in Germany. Reason enough to take part yourself. You want to become a real estate investor yourself?

Read more about tax coaching here:

• Real estate: Save taxes

Save taxes on real estate: Tips & Tricks

You can save a lot of tax on almost everything – including real estate. In these videos, you’ll learn tips and tricks from experts on how to optimally save a lot of taxes and money on real estate in the future. This includes information about real estate transfer tax or income tax, but also how to best save taxes. What is the best way to proceed? What should I pay attention to? Learn all this in the following videos.

Real estate transfer tax, income tax and savings opportunities

When it comes to the topic of saving taxes with real estate, many people think very quickly of the topic of tax-saving models. This video is not centrally about the topic of land transfer tax. It is rather about getting an advantage in the annual income tax. To do this, it is important to know your own personal tax rate. Do you want to know how you can save taxes with a property and whether the offer is really so tempting? Then watch this video!

Save taxes with real estate

Basic knowledge, maintenance expenses and renovation work – The most unknown and most effective way to save taxes with real estate. Here you will get basic tax knowledge, information on historic preservation depreciation and maintenance-related maintenance expenses. You will learn how to secure tax advantages and what you need to consider as an investor if you want to deduct renovation work from your taxes in a timely manner.

Tax structuring & asset accumulation

Buy real estate with no equity, it’s totally legal. Whether saving taxes or even just deferring taxes, when combined with rolling equity (equity recycling) you get the turbo. This video was compiled from individual lessons of the Next Level Tax Coaching by Alex Dusseldorf Fischer.

Tax-free home ownership: Savings tip

Everyone wants to save taxes and to start tax-free with your own home in a new future would of course be a dream. How you can earn money tax-free with your home in 2020, we show you in the following video. Here you will learn tips and tricks to save taxes and money as quickly and easily as possible.

Own use of multi-family house: tax optimisation

It’s actually a good idea: You buy an apartment building and want to live in an apartment yourself. The tenants help to pay off the house. In this video by Alex Fischer, you can find out what you have to pay attention to when it comes to taxes and which mistakes you should definitely avoid.

Tax advantages as a real estate owner

Save taxes with real estate? You can also write off many costs for owner-occupied real estate! In this video you will learn how you can have tax advantages as a real estate owner – using the example of your own home. Which tax advantages really make sense? With these advantages, you can also build up a fortune step by step. In order to be able to make your future investment decisions with a clear conscience, the way there is prepared for you here.

5 tax saving tips real estate

The 5 Best Tax Saving Tips – Real estate has long been a popular investment tool, and despite or because of rising prices in recent years, it has become increasingly desirable. There are certainly thousands of tips to save taxes with real estate. In this video, a top 5 has been compiled for you. These are all simple and easy to implement, but will save you money in individual cases.

Related Links about the topic Taxes & Real Estate

Do you deal with taxes and real estate in your private or professional life? Would you like to acquire more knowledge in these areas? We have compiled lists with video and book recommendations for you, with which you should find answers to all your questions. The topics are covered extensively, for example, building real estate, tax returns or renting out real estate – but also much more!

Real estate financing

You want to buy a property but don’t know how to finance your dream? Terms like loan, interest, credit, repayment or building society contract only raise more questions for you? Here you will find all the important information on the subject of real estate financing: from financing with equity to financing without equity to applying for a loan, we cover all the important topics! Real estate, renting, taxes, learn how it works here.

• Book tips on real estate financing
• Real Estate Financing Videos

Passive income

A term that you should know if you have to do with real estate rental ect. But not only in the real estate world you can generate passive income, but also in other areas. How this works in real estate, with what kind of passive income you can plan here, but also what other ways there are to get passive income, you will learn here.

• Passive income videos
• Passive income: Book Tips

Tax tips

Capital gains – Some people may have heard the term before. However, there may also be people who can not yet do so much with the term. What that is exactly and what that has to do with taxes, you will learn here. Capital gains tax, tax return, dividends and interest in relation to taxes are also adressed. Also you get tips for the tax return and for more net income.

• Video tips taxes and capital gains
• Tax Tips Book Recommendations

Back to overview Taxes XXL: Tax return, tips & more

Here you can return to the overview of book and video recommendations on the subject of taxes in Germany. Tax forms, tax rates, tax returns and much more will be explained to you by experts and made understandable. In this XXL guide you will find information and articles on the most diverse questions on the subject of taxes.

• Book & Video Tips Overview: Taxes

What does a tax consultant do?

The classic field of activity of tax consultants includes the preparation of tax returns for private individuals and companies, bookkeeping and annual financial statements as well as payroll accounting. However, tax consultants are able to do a much wider range of tasks. Here, a distinction must be made between the so-called “reserved activities” and the “agreed activities”.

• Tax consultant: What does a tax consultant do? Circumstances, accounting, tax return, save taxes

Services for companies:

• Tax consultancy
• Become independent
• Financial accounting
• Digital payroll accounting
• E-commerce
• Tax return
• Annual accounts
• Management consultancy
• Company succession
• International tax law
• Real estate management

Frequently asked question: How much does a tax consultant cost?

Accordingly, tax consultants always cost “the same”. They all enjoy extensive training. Digital accounting, online transmission of reports and financial statements are part of the modern standards of good tax advisors. Saving taxes, optimizing taxes, for individuals and especially for companies, an experienced tax advisor is worth a lot, because he / she saves you a lot of time. They help you with many things, both as an entrepreneur and as a private person: representation of tax matters vis-à-vis the tax authorities, comprehensive payroll accounting in accordance with wage tax and social security law, tax returns for private individuals, companies, shareholders, associations, sole traders and freelancers.

What does a tax consultant cost? All calculate the same, according to official table: tax consultant costs.

Tax consultants in Karlsruhe: List

Nowak GmbH Tax consulting company

4,8 / 5,0

Nowak GmbH Steuerberatungsgesellschaft has a rating of 4.8 / 5.0 on Google (20 reviews)

• Address / Directions: Amalienbadstraße 41, 76227 Karlsruhe, Germany
• Phone: 0721 91569156
• Website: nowak-steuerberatung.de

Law firm Wangler GmbH & Co. KG

4,6 / 5,0

Kanzlei Wangler GmbH & Co KG has a rating of 4.6 / 5.0 on Google (13 reviews)

• Address / Directions: Kriegsstraße 133, 76135 Karlsruhe, Germany
• Phone: 0721 985590
• Website: kanzlei-wangler.de

Law firm Link tax consultant

4,1 / 5,0

Kanzlei Link Steuerberater has a rating of 4.1 / 5.0 on Google (9 reviews)

• Address / Directions: Amalienstraße 19, 76133 Karlsruhe, Germany
• Phone: 0721 8642730
• Website: stb-link.de

Helm & Partner tax consulting company mbB

5,0 / 5,0

Helm & Partner Steuerberatungsgesellschaft mbB has a rating of 5.0 / 5.0 on Google (62 reviews)

• Address / Directions: Alter Schlachthof 45, 76131 Karlsruhe & Lamprechtstraße 26, 76227 Karlsruhe
• Phone: 0721 943930
• Website: stb-helm-partner.de

Tax consultant: Learn & understand taxes

What does a tax consultant do? How much does a tax advisor cost per hour? Learn more about working with your tax advisor here.

Tax advisor, taxes, company, company, recommendations, tips, costs, tax, save taxes, valuation

Tax consultant: What does a tax consultant do?

Tasks, accounting, tax return, save taxes – Tax consultant tasks – Do I have to hire a tax consultant? What tasks does a tax consultant do? How much does a tax consultant cost? Here you will find the answers to your questions and much more information on the topic of tax advisors in the area, finding tax advisors, costs, tasks, financial accounting, annual financial statements and taxes in general – but let’s start at the beginning. This guide will give you important tips if you want to start a business or you want to change a bad tax accountant. That’s what tax advisors do!

• Tax consultant

Costs and billing

How much does a tax consultant cost per hour? How are the fees of the tax advisor calculated? How much should a tax accountant cost? And how much does a small business tax accountant cost? If you haven’t experienced tax accountants yet, here are official costs and rates for you, from the federal Chamber of Tax Advisors. Tip. Under the explanation of value fee you will find the cost table for 100.000, 200.000 and 500.000 Euro – that’s how much your tax advisor costs / earns!

• Tax consultant costs

Mistakes: 3 risks for your company

Hiring a tax accountant / mistakes – You want to find a good tax accountant! Because, you want to avoid risks and dangers, after all it will cost you cash if you hire the wrong firm for your accounting. Costs for additional processing, advice and service and of course losses, for example, if tax benefits are not taken (quote above). In the article on Lukinski, 3 specific risk factors are described that usually only become apparent after years of working together. The 3 risks first at a glance.

• Hiring a tax advisor: mistakes

Tax consultant in Germany

Nearby Tax Accountants – Find a good tax accountant near you? We have searched the internet for you for days to find the best recommendations for tax consultants in your area: Hamburg, Berlin, Cologne, Dusseldorf, Munich, Stuttgart & Co. for your private tax return or income tax return or more complex accounting for companies, from monthly financial accounting to annual financial statements. Including adresses, telephone numbers and website.

• Tax consultant in the vicinity

Tax consultants in Germany: Valuations

Education allowance, income tax, mileage allowance & Co. – the annual tax return presents both entrepreneurs and private individuals with a major challenge every time. This is where the help of a tax advisor comes in handy. They not only support you in preparing your tax return, but also represent you in tax matters before the tax authorities, advise you on asset and property management and also support you in payroll accounting. We have listed the best tax advisors in your city for you here.

Tip. What does a tax consultant cost?

How much does a tax consultant cost per hour? How are the fees of the tax advisor calculated? How much should a tax accountant cost? And how much does a small business tax accountant cost? If you haven’t experienced tax accountants yet, here are official costs and rates for you, from the Federal Board of Tax Appeals. Tip. Under the explanation of value fee you will find the cost table for 100.000, 200.000 and 500.000 Euro – that’s how much your tax advisor costs / earns! What does a tax consultant cost? Here you will find the answer:

• Tax consultant costs

Submit your tax return: On average, 1,027 euros in taxes returned

According to OECD, 57% of Germans do their tax return themselves and without a tax advisor! Filing a tax return is worthwhile, on average everyone who files a tax return gets 1,027 euros in taxes back (source: Federal Statistical Office 2020).

Many say that the German tax system is too complicated. But the fact is that the vast majority of taxpayers in Germany do their tax returns themselves, according to OECD statistics. Would you have thought that? Only 43% of Germans use a middleman for their tax return, for example a good and experienced tax advisor in the vicinity. 13.7 million of these taxpayers had their income tax assessed.

Of these, 12 million taxpayers received a tax refund.

The tax refund was on average 1,027 euros

Refunds of between 100 and 1,000 euros were particularly frequent (58 %). In 9 % of the cases, the refund was less than 100 euros. The tax offices refunded amounts in excess of €5,000 in as many as 2% of cases.

Baden-Württemberg

Karlsruhe

• Karlsruhe

Stuttgart

In research!

Bavaria

Augsburg

• Augsburg

Freiburg

• Freiburg

Munich

Munich Ramersdorf-Perlach, Neuhausen-Nymphenburg, Bogenhausen or Schwabing-Freimann. Here you can find good tax advisor recommendations from Munich:

• Tax consultant in Munich

Nuremberg

Nuremberg Galgenhof, Glockenhof, St. Leonhard, Kornburg, Worzeldorf or Steinbühl, here you will find good tax advisor recommendations:

• Tax consultant in Nuremberg

Berlin

• Berlin

Brandenburg

Potsdam

In research!

Bremen

• Bremen

Hamburg

• Hamburg

Hesse

Frankfurt

• Frankfurt

Wiesbaden

• Wiesbaden

Mecklenburg-Western Pomerania

Schwerin

In research!

Lower Saxony

Hanover

• Hanover

North Rhine-Westphalia

Bielefeld

• Bielefeld

Bochum

• Bochum

Bonn

• Bonn

Dortmund

• Dortmund

Düsseldorf

• Düsseldorf

Food

• Food

Cologne

• Cologne

Rhineland-Palatinate

Mainz

• Mainz

Saarland

Saarlouis

In research!

Saxony

Dresden

• Dresden

Saxony-Anhalt

Magdeburg

In research!

Schleswig-Holstein

Kiel

• Kiel

Thuringia

Erfurt

In research!

Tax consultant XXL: Tips, costs + more

Learn even more about finding and hiring a tax advisor here, as well as the most common mistakes when hiring a tax advisor.

Find and hire a tax consultant

Do I have to hire a tax consultant? What tasks does a tax consultant perform? How much does a tax consultant cost? Here you will find the answers to your questions and much more information on the subject of tax consultants in the area, finding tax consultants, costs, tasks, financial accounting, annual financial statements and taxes in general – but let’s start at the beginning.

• Tax consultant

Costs and billing

How much does a tax consultant cost per hour? How are the fees of the tax advisor calculated? How much should a tax accountant cost? And how much does a small business tax accountant cost? If you haven’t experienced tax accountants yet, here are official costs and rates for you, from the Federal Board of Tax Appeals. Tip. Under the explanation of value fee you will find the cost table for 100.000, 200.000 and 500.000 Euro – that’s how much your tax advisor costs / earns!

• Tax consultant costs

Mistakes: 3 risks for your company

Hiring a tax accountant / mistakes – You want to find a good tax accountant! Because, you want to avoid risks and dangers, after all it will cost you cash if you hire the wrong firm for your accounting. Costs for additional processing, advice and service and of course losses, for example, if tax benefits are not taken (quote above). In the article on Lukinski, 3 specific risk factors are described that usually only become apparent after years of working together. The 3 risks first at a glance.

• Hiring a tax advisor: mistakes