Tax Returns for Businesses,
Self-Employed Professionals and Landlords
Tax returns are more than an annual filing obligation. We see them as part of a broader tax strategy, with a clear focus on planning opportunities and your overall tax position.
SKD Tax Advisory prepares tax returns for businesses and self-employed professionals as well as the personal tax returns required as part of our ongoing client relationships. We also have particular experience with tax matters involving rental property and real estate.
We work digitally with clients throughout Germany. We prepare and file the relevant returns, review the resulting tax assessments and deal directly with the German tax authorities where questions arise.
Business Tax Returns
For businesses and self-employed professionals, we prepare a wide range of German tax returns, including:
- income tax returns for business owners and self-employed professionals
- corporate income tax returns
- trade tax returns
- VAT returns
- partnership and other separate assessment returns
The returns required in each case depend on the nature and structure of the business as well as the individual tax circumstances involved.
For ongoing clients, we coordinate tax returns with financial accounting and annual financial statements. This allows relevant transactions and developments to be considered consistently throughout the tax year and helps identify important issues at an early stage.
A Complete View of Your Tax Position
For business owners, self-employed professionals and shareholders, we consider business and personal taxation together. This allows us to identify how different parts of your tax position affect one another and where planning opportunities may arise.
The same principle applies to businesses, self-employed activities and professional practices. Decisions made within a business or practice can have a direct impact on personal taxation – and personal circumstances can equally affect tax planning for the business.
If reducing your tax burden is a priority, the full picture matters.
Looking at individual expenses or taxes in isolation can mean missing important opportunities. The interaction between business or self-employed income, other personal income, investments, shareholdings, real estate, wealth and longer-term plans can reveal where effective tax planning may help reduce your overall tax burden.
We identify tax implications early, make effective use of available planning opportunities and help you plan important decisions with their tax consequences in mind.
For this reason, our ongoing advisory engagements also include the personal income tax returns of business owners and self-employed professionals. This enables us to consider the different sources of income and other relevant aspects of their tax position together.
We also accept separate tax engagements for landlords and property owners.
Tax Returns for Rental Property and Real Estate
Rental property and real estate can give rise to a wide range of tax issues, including deductible expenses, depreciation, changes in use and the tax consequences of a later sale.
We take these matters into account when preparing income tax returns and also advise landlords and property owners on wider tax issues relating to their real estate.
Inheritance and Gift Tax
Inheritance and gifts often involve much more than preparing a tax return. Valuation, tax allowances, the structure of the assets involved and the way in which wealth is transferred may all have a significant impact.
We therefore treat inheritance and gift tax as a separate area of advice.
Reviewing Tax Assessments and Dealing with the Tax Office
Filing a tax return does not always bring the tax process to an end.
We review the tax assessments issued on the basis of the returns we prepare and deal with any discrepancies or follow-up questions from the tax authorities.
If an assessment is incorrect or the tax authorities take a different view of a particular issue, we consider the appropriate next steps and represent your interests in dealings with the tax office..
Outstanding Tax Returns from Previous Years
Tax returns are not always filed within the required deadlines. Where returns remain outstanding for several years, or where the tax office has already issued an estimated assessment, the situation should be brought back under control as quickly as possible.
We take on suitable cases where outstanding tax returns need to be prepared and filed, including situations where the tax office has already threatened coercive measures or issued an estimated tax assessment.
Digital Processes. Personal Support.
Documents and information are exchanged securely online, allowing us to prepare tax returns for clients throughout Germany and deal with questions efficiently regardless of location.
Digital processes provide structure and efficiency. Professional judgement, careful review and personal advice remain at the heart of our work.
Are you looking for support with your business tax returns, your personal income tax return as a business owner or self-employed professional, or tax matters relating to rental property and real estate?
Book a free 15-minute introductory meeting to discuss your needs and find out whether SKD Tax Advisory is the right fit for you.