How can the pre-registration be submitted? Since 01/01/2015, advance VAT returns have to be sent electronically to the responsible tax office. To do this, the electronic Elster system is required to create the pre-registration. However, it should be noted that a late submission of advance notifications results in late surcharges being set by the tax…
Category: Dictionary
A dictionary is an organized collection of words and their definitions. It is a reference tool used to look up the meaning of words, names, and places. The words in a dictionary are usually arranged alphabetically, allowing for easy access to the desired definition. Dictionaries can also contain pronunciations, origin information, etymologies, synonyms and antonyms. Dictionaries are invaluable resources for language learners as they provide detailed explanations about a wide range of topics. They can be used to improve vocabulary and pronunciation, as well as to understand unfamiliar concepts or unfamiliar usages of familiar words. They also allow readers to learn more about the history and usage of particular words or phrases. Dictionaries often contain collocations (words that typically appear together), idioms (phrases with figurative meaning), proverbs (wise sayings), slang (informal language) and technical terms (language specific to a field). They also include lists of abbreviations, symbols and acronyms which may be encountered in various contexts. The main purpose of a dictionary is to provide accurate definitions for the words it contains. To this end, dictionaries are usually written by experts in the language who have extensive knowledge on how certain terms should be used in context. Furthermore, a good dictionary will often include notes that explain nuances between similar-sounding or similar-looking terms that could easily be confused with one another. Since dictionaries serve such a wide variety of purposes and users, there are many different kinds available on the market today – from paper versions for students and language learners to electronic versions for professionals who need quick access online or offline. Additionally, some dictionaries focus on certain areas such as legal terminology or medical jargon while others cover more general topics such as everyday speech or literature.
Meaning of Building Specification
During the construction phase, specifications and plans are everything. However, if the latter is not available or is not communicated specifically enough, this can lead to cost overruns or delays in the construction project. This is not only bad for the client, it also has a negative effect on the construction company. The solution: a…
Meaning of Advance VAT Return
As an entrepreneur, the regular registration of the tax collected serves in particular to reduce payment defaults or payment difficulties of the entrepreneur. The so-called sales tax advance notification is intended to show the tax office how much sales tax a company has received monthly or quarterly and therefore has to be paid to the…
Meaning of Intra-Community Acquisition
Within the European Community, the exchange of goods between companies should be possible without major hindrances. Therefore, the member states of the EU agreed on special regulations for the taxation of sales. The German VAT Act (UStG) defines that an intra-Community acquisition is subject to German VAT. According to Paragraph 1a (2) of the UStG,…
Meaning of Travel Expenses
Anyone who travels a lot as an entrepreneur usually also incurs travel expenses. But the question often arises as to how this travel expense report is created correctly so that there are no annoying additional payments in the event of a tax audit. Creating a travel expense report is not as easy as some people…
Meaning of Actual Taxation
The concept of actual taxation comes from the Value Added Tax Act (UStG). In § 20 tax is regulated who can direct his taxes pursuant received considerations. Companies have to pass on the sales tax that they invoice and thus get paid by their customers to the tax office. The sales tax must be registered…
Meaning of Income Tax Part 4
Income tax assessment After checking and calculating the tax return, the income tax assessment will be issued , which provides for an additional payment, reimbursement or repayment. Objections to this decision can be made within one month , whereby the objection does not release guilt! This means that any additional payment must be made despite…
Meaning of Income Tax Part 3
Negative income tax Indeed, negative income tax can arise when deductions and expenses exceed income. In this case, the Income Tax Act provides three options in Section 10 d EStG : • Horizontal loss compensation , ie offsetting against income of the same type of income. • Vertical loss compensation , which means offsetting against…
Meaning of Income Tax Part 2
Income tax exemption – non-taxable income As a taxpayer, you can possibly be completely exempt from tax liability . But this is only possible if the total income is below the tax-free subsistence level. This can be requested from the responsible tax office. In most cases, it is sufficient to list all income as well…
Meaning of Income Tax Part 1
Every year, the income tax return is due, which some taxpayers do themselves, others place the order for the preparation of the return in the hands of a tax advisor, as do business people and the self-employed . But what is the income tax and what there is for income tax return knowing? Definition: what…
Meaning of T Account Part 2
T accounts: principles There are three principles that you should internalize about T-accounts. The logic of this principle is based on three pillars: T account: applies to at least two accounts There is at least one debit and one credit posting The posting record is always debit to credit Principle 1: Always affects at least…
Meaning of T Account Part 1
A T account is a simplified version of an account with two columns. Which allows him to double-entry bookkeeping represent simplified. T account: A common method Transactions generally have an impact on the items on the balance sheet . In every company, so-called business cases are dealt with every day. In order not to lose…
Meaning of Balance Sheet
A balance sheet has to be drawn up in the accounting department of companies on a certain key date . It is a bilateral calculation that shows assets on one side and capital on the other. On the left side of the balance sheet are the assets as information about the use of funds and…
Meaning of Accounting Part 4
Does the type of taxation affect the accounting obligation? Anyone who has to pay taxes must also keep accounts. However, the company has the choice between target taxation and actual taxation . Respectively, every company is fundamentally obliged to pay target taxation, but can make actual taxation on request. The difference between the two tax…
Meaning of Accounting Part 3
Merchants who are obliged to keep accounts According to § 238 I HGB, all merchants are obliged to keep accounts. Therefore the merchant status is the decisive point for the obligation to keep accounts. According to Section 1 of the German Commercial Code (HGB), anyone who operates a trade is a merchant, or more precisely…
Meaning of Accounting Part 2
Accounting according to tax law In tax law, the accounting obligation is used solely to determine the tax burden. Accounting often has to be more complex in tax law than in commercial law. The accounting also helps to determine income and property taxes. For companies that are already obliged to keep accounts under the Commercial…
Meaning of Site Electricity
If you are planning to build your own home or want to renovate a property, you need electricity for electrically operated construction equipment, tools and lighting. Construction site electricity is the ideal solution here. So that the electricity flows on time for the start of construction, it is advisable to submit a corresponding application in…
Meaning of Accounting Part 1
Merchants are obliged to keep accounts. The accounting obligation is laid down and regulated in the Commercial Code (HGB). The obligation to keep books depends on the legal form. It also depends on whether a self-employed person or a company is considered a businessman. This criterion ultimately decides on the accounting obligation. Definition of accounting…
Meaning of Pre-construction Request
With a preliminary building request, builders can check whether they are allowed to implement a building project according to their ideas. This is particularly useful if there is no development plan for the property. With the help of a preliminary building request, you can clarify whether you can receive a later building permit for a…
Meaning of Commitment Interest
If credit institutions provide a loan that the borrower does not use or does not use immediately, commitment interest is charged. This type of loan is common in mortgage lending. If borrowers do not call up the entire loan amount immediately, banks can charge interest on the remaining amount that has not yet been paid…
Meaning of Seat
An armchair is a kind of chair. This type of furniture has a design that allows the user to support their arms and with a backrest that has a certain inclination. Unlike other furniture with armrests, the armchair is not too wide. According to abbreviationfinder.org, the most common use of the term is linked to…
Meaning of Butane
It is known as butane to a hydrocarbon which can be used as fuel. This gas has a chained series of 4 carbon atoms that combine with hydrogen. The main properties of butane are reflected in the term itself. The compositional element but– refers to the bonding of the aforementioned 4 carbon atoms, while the…
Meaning of Diver
It called diver to the individual who, thanks to having a special equipment, can perform various tasks under the water. Divers use a particular clothing that allows them to move comfortably in the water and resist low temperatures. They also have equipment to be able to breathe underwater. Today divers wear scuba diving equipment –…
Meaning of Byte
A byte is a unit of information made up of a string of adjacent bits. The dictionary of the DigoPaulindicates that byte is synonymous with octet (an eight-bit information unit); however, the size of the byte (which comes from the English bite, “bite”) depends on the character code in which it has been defined. It…
Meaning of Cabal
Important to understand the meaning of the word cabal is to proceed to determine its etymological origin. In doing so we discover that it emanates from Latin and more precisely from the word “caput”, which can be translated as “head”. Cabal is something adjusted to a weight or a measure. The term allows to refer…
Meaning of Kabbalah
From the Hebrew qabbālāh, the kabbalah is a current of mystical and allegorical interpretation of the Old Testament. The concept refers to the set of doctrines that, through esotericism and the fulfillment of certain precepts, intends to reveal the message of God and the world. The most remote origins of the Kabbalah date back to…
Meaning of Cavalry
Cavalry is a concept with several uses, usually linked to the horse. The most frequent meaning is linked to the strength of an army made up of combatants mounted on this animal. It is possible to establish a division between heavy cavalry and light cavalry. The heavy cavalry had the function of establishing direct combat…
Meaning of Gentleman
Caballero, of the Latin caballarĭus, is a person who goes on horseback or riding. Since, in ancient times, the person who rode a horse belonged to a certain social class, the concept acquired various connotations and meanings. In the Middle Ages, cavalry was an armed institution that served a king or feudal power. Knights, therefore,…
Meaning of Easel
The notion of easel is a diminutive of horse. The first meaning that appears in the dictionary of the DigoPaul refers to the highest line, horizontally arranged, which is part of a roof. It is also called trestle to the borriqueta: the frame composed of an elongated element that is located horizontally on four legs…
Meaning of Horse
A horse is a mammalian animal that is part of the equidae family. It is a perissodactyl: an ungulate being (uses the end of the fingers to support and walk) whose extremities have an odd number of toes ending in hoof and whose central finger has a greater development compared to the rest. Horses are…