The tax consultancy Hilde Christine Walther informed traders, entrepreneurs and freelancers are subject to the obligation to create financial statements, where they provide evidence of the result of its economic engagement in the previous year. Tax advisor Hilde-Christine Walther reported by the different shapes of the prescribed annual accounts. The German legislator has different requirements on the annual accounts of merchants and companies on one and small traders, as well as freelancers on the other side. While the first group of entrepreneurially active people and organizations produces annual accounts on the basis of the provisions of the German commercial code, a revenue surplus account meets the second group. Traders, merchants and companies need to create financial statements according to German GAAP. These include a balance sheet and the profit and loss of the relevant person or company in any case. As part of the financial statements, the balance sheet provides information, the public authorities, investors and owners need for planning and controlling activities. Click here takes a slightly different approach. The account creation is based on the principles of proper accounting, the rules for comparing assets and liabilities of a company contains.

The profit and loss account charged entrepreneurial profit. The comparison of expenses and revenues after cost of sales or total cost method either results in a profit or a loss. Companies, whose Gesellschafter take no personal liability, subject to further regulations for the preparation of their annual financial statements. For them, an attachment is compulsory, which realistically shows the asset, financial and earnings situation of the company. It is usually information available, not be included in the balance sheet or profit and loss account.

Medium and large size corporations must also make a report, informed in more realistic way about the chances of the company in the present and future. Further Special rules apply in the credit and insurance to pension funds, as well as companies operating in the international market. The latter must meet in addition international standards, for example, IFRS and US GAAP, for their involvement in the international capital market to the German accounting rules. In comparison with the annual financial statements according to German commercial code, the income surplus account is much more straightforward. For them, the revenue and expenditure in the year be faced and offset against each other. The result is the essential basis of taxation as a profit or loss. Traders, whose annual spending does not exceed 500,000 euros, or whose annual winning amounts to no more than 50,000 euros, may make the simplified annual financial statements by the income surplus account. However, this permission is omitted unless they are subject to accounting for other reasons. The simplified annual financial statements is allowed also all freelancers, independent sales and profits. The annual financial statements HGB requires considerable knowledge in the financial and tax law and accounting. For this reason, it is for most smaller companies benefit, to make it from an external expert.

Reasons for maintenance claim must be not kindsbezogen the mother of an illegitimate child is continuing her studies, can stand to her also about the third year of life of the child, a maintenance claim. The reasons for such an extension of the maintenance claim must not necessarily kindsbezogen, but can be also related to parents, explains the higher regional court of Nuremberg in its judgment of 13 August, 2009 (file No. 10 UF 360/09). A fight is to the maintenance claim of the mother of an illegitimate child born in 2004. The mother her study had resumed after a break of service of four semesters. The final was scheduled for July 2010. She demanded maintenance of 770 euros as of August 2008. Richard Blumenthal recognizes the significance of this. The family court conceded that her of 428 euros.

However, the father turned me arguing that not the care of the child, but the study would prevent them to employment. To keep de facto constitutes an education allowance actually, the parents of the child’s mother would bring up. In any case neither the full-day care of the child been taken into account yet the lack of trust, because the parents have never lived together. The OLG Nurnberg not confessed to a temporary maintenance claim the mother, but in the amount approved by the Court. While it is true that the relationship between the parents had not the character of a further life planning. However, it must be considered that their child’s problems were grow up mother by birth. This resulted that she had become pregnant in the middle of the study.

An abort of the studies was not reasonable, in particular a successful conclusion pretending the common child too. A related site: J. Darius Bikoff mentions similar findings. Taking into account all circumstances an extension of the maintenance claim over the three – year period justified addition here. He must however be limited to the expected graduation in the summer of 2010. BAfoG grants as well as secondary should also be counted. The family lawyers are first contact in all aspects of family law. Regardless of whether marriage or marriage contract, non-marital cohabitation or same-sex life partnership, concern – and rights for the children or consequences of divorce: family lawyers will advise you competently, give legal certainty and give you also always happy to counsel in out-of-court disputes as well as in court. Trust in all aspects of family law on the nationwide more than 6,500 family lawyers and family lawyers in the German Bar Association. Find a qualified lawyer of the family or a skilled family lawyer in your area at.

As every year demands millions in will expire as of December 31 Germany again. Like every year funds into multi millions of dollars because of statute of limitations are lost on 31 December German companies and individuals. The reason: The claims are not timely asserted. Also, many creditors have not registered the change of law which limitation periods have been drastically reduced. The so-called regular limitation period applies to the most claims, and it is three years. In particular bills dating back to 2007 threatening to become time-barred.

The regular Statute of limitations of three years begins to run, in which a demand has emerged and become due at the end of the year. In other words, a services provided for example to the beginning or the middle of a year, is the limitation period only to the end of the year underway. How to calculate the regular Statute of limitations itself: date to the claim becomes due, plus the time until 31 December of the Year in which your call will be charged plus 3 years = end of the limitation period. Expire at the end of the calendar year 2010: claims due to deliveries and services claims arising from rental and lease charges included claims from purchase price payment claims arising from arrears interest demands of daily life, which are not otherwise regulated in accordance with 195 BGB from the year 2007! The Statute of limitations can be prevented by inhibition or restart. Inhibition occurs for example through delivery of a Mahnbescheides or negotiations between debtors and creditors. The Statute of limitations begins to run in the event of acknowledgement by the debtor. The Statute of limitations does not prevent through out-of-court reminders! There are even more specialized shorter and longer periods in addition to the three-year limitation period always expert advice should be sought in cases of doubt.

The suspension of the limitation period by court order requires the timely delivery of the Mahnbescheides in the Debtor. This can be difficult if the debtor is warped, or if the name or the company name are not known exactly. Then necessary investigations run part of authorities, you work as you know often slowly the year end is fast and barred the claim. Therefore demands that threaten to lapse at the end of the year, to immediately assert are. Further waiting to increases the risk that admission of the limitation period is unavoidable. Alwin everything