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- 2 min readRecommended
Tax Reduction under Section 35c EStG for Energy-Efficient Measures on Owner-Occupied Buildings
With Section 35c EStG, the legislator introduced a new tax reduction provision effective from 2020. The background is the political objective of reducing greenhouse gas emissions by at least 40% by 2030.
Source: Deubner Verlag - 3 min read
<small>Corona Crisis: </small><br/>Bridging Aid<small> — Applications for the Second Phase (Sep – Dec 2020) Can Now Be Filed</small>
Bridging aid provides financial support for small and medium-sized enterprises, self-employed individuals and non-profit organisations. It helps to cushion revenue losses during the Corona crisis. The programme is a joint offering of the German federal government and the federal states
Emergency PlanSource: Deubner Verlag - 6 min readRecommended
<small>Client Information: </small><br>Cash Register Management 2020 – What to Consider
Cash register system requirements. The current requirements for cash register systems have been in place since 2017. They include: every business transaction must be recorded individually; suppression of transaction recording is not permitted
Source: Deubner Verlag - 3 min read
<small>Coronavirus crisis: </small><br/>The coronavirus special payment to employees
The coronavirus bonus was anchored in the First Coronavirus Tax Assistance Act under § 3 No. 11a of the German Income Tax Act (Einkommensteuergesetz). Under this provision, employers may pay their employees a coronavirus special payment of up to a maximum of €1,500.00 free of tax and
Emergency PlanSource: Deubner Verlag - 2 min read
<small>Coronavirus crisis: </small><br/> Proof of use for the COVID-19 emergency aid
According to a notice from the Bund der Steuerzahler (German Taxpayers' Association), the accounting procedure is now being revised, as the association had called for substantial improvements. The following adjustments have apparently now been made: Personnel costs are deductible from income: The
Emergency PlanSource: Deubner Verlag - 3 min readRecommended
Disability Lump-Sum Allowances – Increase from 2021
People with disabilities can apply for a disability lump-sum allowance to cover their daily disability-related living expenses. Individual proof of expenses is then not required. On 29 July 2020, the Federal Cabinet adopted the draft of a law
Source: Deubner Verlag - 1 min read
<small>Coronavirus Crisis: </small><br/> Important: Reporting procedure for Corona emergency aid suspended until further notice! Do not complete and return the forms!
In early July, the State of North Rhine-Westphalia began asking companies that had received Corona emergency aid to submit a reporting return. The aim was to determine the company's actual liquidity shortfall. From this, the corresponding
Emergency PlanSource: Deubner Verlag - 14 min read
<small>Corona Crisis: </small><br/>VAT Reduction in Practice and Current Funding Programs
Clarifications / specific questions on services. Which tax rate applies? What is the general rule? Time of supply. Note: The forms (VAT pre-registration and VAT return) will not be amended. Turnover subject to the reduced rates
Emergency PlanSource: Deubner Verlag - 1 min read
<small>Corona Crisis</small><br>Only until 15 September: Funding for Digitalisation and Innovation in Retail up to €12,000
Under the project call issued by the State Government of North Rhine-Westphalia, economic resilience in the retail sector is to be strengthened. The aim is to support stationary retail through innovative and digital measures
Emergency PlanSource: Deubner Verlag - 2 min read
<small>Coronavirus Crisis</small><br/>BAFA Discontinues Funding for Business Consulting of Companies Affected by Coronavirus
Demand for consulting subsidies for SMEs and sole proprietors affected by the coronavirus has exceeded all expectations of the BAFA and the German federal government. The funding pool was fully exhausted after less than two months
Emergency PlanSource: Deubner Verlag - 1 min read
<small>Coronavirus crisis: </small><br/>Draft BMF circular on the reduction of VAT
Hot off the press:
Emergency PlanSource: Deubner Verlag 
1 min readTop articleFocus Money: Steffen & Partner again named a 2020 Top Tax Advisor in the large-firm segment
The headline fits the times and honours us. "The Best Crisis Managers" is how Focus Money introduces its 2020 Top Tax Advisor test in issue 25/2020 on 9 June 2020. Steffen & Partner is among the Top Tax Advisors
PressSource: Deubner Verlag- 15 min read
<small>Coronavirus Crisis: </small><br/>The Current Economic Stimulus Package at a Glance
New: Bridging Assistance. On 3 June 2020, the Coalition Committee agreed on a programme for bridging assistance. The bridging assistance is granted for the months of June to August. It applies across all sectors, with particular consideration given to
Emergency PlanSource: Deubner Verlag - 1 min readRecommended
Agreement Reached: Coalition Approves Billions in Economic Stimulus Package
More funding for families and municipalities, relief on electricity prices, and a reduction in VAT. The coalition committee has agreed on a comprehensive economic and future package with a volume of 130 billion euros
Source: Deubner Verlag - 3 min read
<small>Corona Crisis: </small><br>IMPORTANT: News on the Use of Corona Emergency Aid and on the Audit of Its Use
Fundamentals on the use of Corona emergency aid. As already known and explicitly explained in the equity-based decision (Billigkeitsbescheid) received by applicants, the Corona subsidy may only be used to cover financial operational bottlenecks such as
Emergency PlanSource: Deubner Verlag - 2 min read
<small>Corona Crisis:</small><br>Further Relief Package "Corona Tax Assistance Act" of 6 May 2020
To support companies and employees during the Corona pandemic, a wide range of tax-related relief measures has been introduced. On 6 May, the Federal Cabinet launched a further package with the Corona Tax Assistance Act.
Emergency PlanSource: Deubner Verlag - 1 min read
<small>Coronavirus Crisis:</small><br>Reduction of the VAT Rate on Food Services in the Hospitality Sector
Additional measure: 7% on food, limited until 30 June 2021. Hospitality businesses have been particularly affected by the coronavirus crisis. Once the current restrictions are eased and restaurants, cafés and other
Emergency PlanSource: Deubner Verlag 
1 min readRecommendedNews for restaurateurs: VAT rate on food temporarily reduced to 7% from 1 July 2020 until 30 June 2021
Uniform tax rate of 7% Previous legal situation: Food consumed in a restaurant, café or bar is subject to 19% VAT. For meals that the guest
Source: Deubner Verlag- 1 min read
<small>Corona Crisis: </small><br>(Early) Retirees
Annual additional earnings threshold for early retirees increased! Until now, recipients of an early old-age pension were only permitted to earn a maximum of EUR 6,300 per year in additional income without their statutory pension being reduced. This earnings threshold
Emergency PlanSource: Deubner Verlag - 1 min read
<small>Coronavirus crisis: </small><br>Insolvency law for companies / managing directors
The Federal Ministry of Justice and Consumer Protection is currently preparing legislation to suspend the obligation to file for insolvency, in order to protect companies that have run into financial difficulties as a result of the coronavirus epidemic
Emergency PlanSource: Deubner Verlag