Minden Real Estate

Business Updates for the Real Estate Industry

Business Tax Factors

Accountant Monika Nadler from Brunswick informed one of the significant design decisions in the context of the corporate foundation is the choice of legal form. Due to a variety of different effects she can present challenging as pronounced. The Brunswick accountant and existence Foundation expert Monika Nadler explains basic tax law differences between principal and partnerships in this context. The profits of corporations designated will be charged with the 15-percent corporate income tax tax on profits. Also, the solidarity surcharge of 5.5 per cent is payable on it. The tax on profits of partnerships, however, varies.

Here, profit is regarded as income of the shareholder and is therefore of progressive income taxation. The offsetting of losses arising a corporation incorporated them as items of loss transfer in its balance sheet losses, and are reflected accordingly in the following accounting period. The reported profits tax burden This does not affect. In contrast to the loss accounting for corporations, the transfer principle applies to partnerships. The losses and gains are offset to the shareholder’s income subject to taxation. For the partners of a partnership loss affect thus lowering the tax. The collection of business taxes all capital and the most partnerships are taxable at a uniform control standard set by 3.5 per cent commercial.

Business taxpayer partnerships may however claim an allowance of 24,500 euros and with their income gains offset the trade tax burden. Compared to corporations partnerships in this respect therefore have tax advantages. Income tax regardless of actual ownership are considered the CEO of a corporation legally employees. For this reason, their salaries are subject to the payroll tax and reduce the tax burden on the company as a business expense. Shareholders of a company are not considered with regard to tax employees, but business owners. Their earnings are accordingly nor liable to pay tax as a deductible business expense. Given the economic and legal significance of the legal form of the company, a detailed consultation to advise is every entrepreneur. The Brunswick accountant Monika Nadler has many years of experience, who like to pass it on to their clients in this area.