Wealth building basics: tips & tricks from the pros

You don’t want to slave for your money? You want to make your money work for you and finally build a fortune? We’ve rounded up the best book tips for you to learn how you too can finally get to building wealth. Passive income, stocks, investments, real estate and ETFs, all these terms and strategies are explained and explained 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 Basics: Wealth Building Basics

Retirement: Avoid mistakes and create financial provision

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 increase the pension, we show you here. In addition, we give you insights into investment options and the Riester pension, so that you can provide for old age and enjoy your free time in retirement, instead of having to struggle with financing options.

• Video tips retirement planning: pension

Successful Investing: Explanations, Tips & Strategies

Successful investing is a dream of many people. But unfortunately, it is not as easy as it seems. How can you start as a beginner in the investment industry? What do you have to consider and which mistakes should you try to avoid? What is worth investing in? And what does the term “investment” mean anyway? We enlighten you! With video tips from expert authors you can learn a lot about successful and lucrative investing and improve your own skills.

• Video Tips: Invest successfuly

Finance: Basics, Tools and Tricks

Finance is a very important topic in today’s society, and in principle every citizen comes into contact with it in one way or another. We explain the most common terms in the world of finance and give advice on loans, overnight money, shares, etc. If you want to know how investments work, what different financial products there are and which credit card is particularly recommended, you are in the right place.

• Video Tips: Finances

Retirement planning: tips, options & recommendations

The topic of old-age provision is one of the most important issues Germans are concerned about. Already at a young age, one is made aware of the need to provide for later. But how exactly do I do that? When do I start with the old-age provision? Which mistakes should I avoid? Where can I get tips? And why do I need a pension at all? We answer all these questions and more here.

• Video Tips: Retirement Planning

Passive Income: Buy, rent and profit

A term you should know if you are involved in real estate rentals etc. But not only in the real estate world you can generate passive income, but also in other areas. How this works in real estate, what kind of passive income you can plan here, but also what other ways there are to get passive income, you will learn with the help of these videos.

• Video Tips: Passive income

Tip! Wealth building XXL: Finance, Investment & Co.

Who wouldn’t like to build up their own assets? Whether you want to be able to afford something or would like to generate a financial buffer for old age, asset accumulation is a relevant and, above all, sensible topic for virtually everyone. But what options are there for building up assets? Life insurance, retirement planning, or investing in real estate? Here you will find an overview of articles, as well as book and video recommendations on the subject of asset building. From saving taxes to passive income to tips on successful investing – experts and professionals share their know-how in their videos and readings and answer all questions about wealth accumulation.

• Book and Video Tips: Wealth Building XXL

Tax basics: taxes explained, tips & tricks

Why does the state just reach into our pockets like that? What is the tax revenue used for? And what do we get out of it? You will also learn the difference between direct and indirect taxes and what the terms “tax debtor” and “taxpayer” mean.

Looking for book recommendations on taxes? Then check out these book recommendations:

• Book Recommendations: Tax Tips & Tax Tricks

Here’s another tip for you! Online you can find a lot of articles and tips on Lukinski.de. Here you can learn everything: from tax basics for asset accumulation, to real estate as a capital investment through renting, to saving taxes with real estate (external). Everything free of charge from the expert.

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

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 types: income tax, purchase tax, gift tax & Co.

Income tax taxes salary, wages, rent, interest and profits from self-employment of natural persons. Corporate income tax taxes the income of corporations. Trade tax is borne by commercial enterprises and is due to the municipalities. The trade income is the relevant parameter for determining the tax burden. Inheritance tax taxes the transfer of assets of a deceased person to the heir. Gift tax is assessed according to the same standards and prevents the avoidance of inheritance tax. Property tax is levied on real property, which includes residential and business property. The basis for taxation is the assessed value of the real property. Sales tax is levied on the purchase of goods and services. The tax revenue is due to the municipalities, states and the federal government. The real estate transfer tax is levied on the purchase of real estate. Only upon payment of the real estate transfer tax does the purchaser become the owner by means of an entry in the land register.

Basics & special features

In this video you will learn what income tax is, how it is calculated and what it has to do with tax returns.

https://www.youtube.com/watch?v=Apw9LL8gH4g

Income Tax: Basics & Tax Return

Income tax is one of the most important taxes in Germany. It is levied on various types of income: For example, on wages and other income resulting from rental income, capital assets or self-employment. All this income must be listed in the tax return at the end of the year. The tax office offsets all allowances and income-related expenses against the income tax to be levied on the income. The difference between the income tax and the tax allowances (or all deductible costs) is the amount that the taxpayer pays to the tax office or receives back from the tax office.

Making the income tax return

In this video, you’ll learn what income tax is, how it’s calculated, and what it has to do with filing taxes.

Wage & Salary Accounting

What deductions can I see on my pay stub, what is the money used for? Employee, employer, payroll tax, social security taxes, how should these parts be classified? You can find the answer in this video.

Sales tax & input tax

This video explains and illustrates the handling of sales tax and input tax in accounting. For this purpose, the term sales tax is first briefly explained. Then, the posting of sales tax and input tax is explained using two sample tasks. Finally, it is shown how the tax payable can be determined.

Calculate sales tax & input tax

Have input tax refunded

In the following video you will learn what options you have to have your input tax refunded.

Tax basics: What? Who? When? Why?

Taxation: What are taxes? Who is liable to pay taxes? What is taxable? Assessment, rates, administrative acts and much more, you will learn here with exercises.

Related links about the topic Taxes

Would you like to know more about taxes? What does a tax advisor do and how can you easily deduct taxes? Here you can find more videos on all important tax topics!

Taxes Real Estate & Home Ownership

Taxes on real estate/home ownership – what tips and tricks are there to consider? Our videos show you how you can best save on the taxes that apply to real estate and how you can best reconcile real estate transfer tax and income tax.

• Video List: Taxes Real Estate & Home Ownership
• Book Recommendations: Taxes Real Estate & Home Ownership

Taxes & Investment Income

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 List: Taxes & Capital Gains
• Book Recommendations: Taxes & Capital Gains

Understand, calculate & tax pension

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

• Video List: Understanding, calculating & paying tax on pensions
• Book Recommendations: Understand, Calculate & Tax Pensions

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

Tax advisor near you for private + company

Finding a good tax accountant near you? We have searched the internet for days to find the best recommendations for tax advisors in your area: Hamburg, Berlin, Cologne, Düsseldorf, 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.

• All cities: Tax consultants Germany
• Tax consultant Berlin
• Tax consultant Düsseldorf
• Tax consultant Frankfurt
• Tax consultant Hamburg
• Tax consultant Hanover
• Tax consultant Cologne
• Tax consultant Munich

Did you know? Only 57% do their own tax return! Yet you get an average of 1,027 euros in tax back when you file a tax return.

Tax tips for private individuals: 1,027 euros back in taxes!

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.

Value fee: Basis of calculation

Before looking at the cost tables, here’s a quick explanation of what the ad valorem fee is all about. Source: Federal Chamber of Tax Advisors.

Most of the fee elements of the StBVV, such as the preparation of the bookkeeping according to § 33 or also the preparation of the annual financial statements according to § 35 Para. 1 No. 1a, are basically based on value fees (§ 10).

The value fee is calculated according to the value of the object of the professional activity – the so-called Gegenstandswert – and is determined according to the fee tables A to E of the StBVV and the applicable rate per tenth. The specific amount of a fee thus results from the value of the subject matter of the tax advisor’s activity, the application of a rate per tenth for this activity and the corresponding fee table of the StBVV.

Value of the activity = tenths of a percent

Examples of ad valorem fees:

1. For the preparation of an income tax return without determining the individual income, the tax advisor receives 1/10 to 6/10 of a full fee according to Table A. The average fee is therefore 3.5/10. The value in dispute is the sum of the positive income, but at least 8,000 Euros (see § 24 Paragraph 1 No. 1 StBVV).
2. The monthly fee for bookkeeping, including the account assignment of vouchers, amounts to 2/10 to 12/10 of a full fee according to Table C. The average fee is 7/10. The amount in dispute is the highest amount resulting from the annual turnover or the sum of the expenses (see Section 33 (1) and (4) StBVV).
3. For the determination of the excess of business income over business expenses, the tax advisor receives 5/10 to 20/10 of a full fee according to Table B. The average fee is 12.5/10. The average fee is 12.5/10. The amount in dispute is the higher of the sum of the business income and the sum of the business expenses, but at least 12,500 euros.
4. For the preparation of annual financial statements (balance sheet and GUV) the fee is 10/10 to 40/10 of a full fee according to Table B. The average fee is 25/10. The average fee is 25/10. The value in dispute is the average between the adjusted balance sheet total and the annual operating performance (§ 35 Para. 1 No. 1 and Para. 2 No. 1 StBVV).

The following is a look at the resulting tax tables.

• Tax law – All cost centers

Tax consultant costs: Examples

Value of the activity? Ten percent rate? Here in the practical example the costs for the tax consultant:

Turnover / income of 100,000 euros

This is how much your tax consultant earns for a turnover of 100,000 euros for balance sheets, EÜR, income tax returns & Co.

Turnover / income of 200,000 euros

This is how much your tax consultant earns for a turnover of 200,000 euros for balance sheets, EÜR, income tax returns & Co.

Turnover / income of 500,000 euros

This is how much your tax consultant earns for a turnover of 500,000 euros for balance sheets, EÜR, income tax returns & Co.

Tax law: § 13 Time fee

The time fee is to be charged:

1. in cases where this Regulation so provides,

2. if there are no sufficient indications for an estimate of the object value; this shall not apply to activities pursuant to section 23 as well as to representation in out-of-court appeal proceedings (section 40), in administrative enforcement proceedings (section 44) and in court and other proceedings (sections 45, 46).

It amounts to 30 to 75 Euro per half hour or part thereof.

Find tax consultant, hire

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

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

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