November 5, 2024
The Wirtschafts-ID-Nummer (W-ID) is a unique economic identification number designed to simplify business administration in Germany. Here’s how it benefits companies: Streamlined Interactions: The W-ID helps […]
October 20, 2024
On September 19, 2024 the International Accounting Standards Board (IASB) introduced an Exposure Draft proposing amendments to the Equity method under IAS 28. This method governs […]
October 11, 2024
Background: In response to significant VAT fraud across the EU, including a €93 billion loss in 2020, the European Commission proposed the “VAT in Digital […]
October 4, 2024
Introduction: Starting a business in any country is an exciting yet a challenging endeavor. To start any business in Germany, one needs to be equipped […]
September 10, 2024
Introduction: VAT is an indirect tax levied on the consumption of goods and services. It is a multi-sage tax, meaning it is collected at each step […]
September 5, 2024
Legal and regulatory compliance Legal requirements: In most part of the world, especially Germany businesses are required by law to keep an accurate record of all […]