Accountants Germany - Kanzlei WP StB Holger Kock

We are Accountants in Germany

Our company provides excellent Accounting Services  throughout Germany

We have a long history in supporting subsidiaries of international companies that operate in Germany as well as German corporates

We are German accountants based in Munich but our services are available throughout Germany We offer online solutions that provide online access to your accounting data

You can control your operations in Germany from wherever you are

We are fully licensed to perform Audit and Accounting work in Germany We are a full member of WPK (Chamber of Chartered Accountants in Germany), IDW e V (Institute of Chartered Accountants in Germany) as well as the StBK (Chamber of Tax Advisers)

WE Are a Well Experienced Accounting Firm in Germany

As accountants and tax advisers based in Munich/Germany we have extensive experience of working with and advising companies in the production, service, media, technology, e-commerce and digital media sectors Our work has brought us into contact with companies operating internationally, nationally and locally and through this experience we have developed a very good understanding of the issues you are likely to be facing in Germany in the future

Our mission: We will help you to ensure that you stay ahead of the game on all relevant issues across the financial, accounting and regulatory spectrum

ACCOUNTANCY IN GERMANY - Some Important Comments from an Accountants Perspective

It is of practical importance to recognize that commercial accounts in Germany are linked directly with tax accounts According to the authoritative principle (Maßgeblichkeitsprinzip), which is incorporated in Sec 5 of the German Income Tax Law commercial financial statements form an authoritative basis for tax accounts Tax accounts do not represent an independent set of accounts but are derived from the commercial accounts

As a consequence, the accounting treatment in the commercial financial statements in general directly affects the tax position of a company In addition, most of the tax incentives can be claimed only if the same treatment is applied to the items in question in the commercial financial statements

As a result, German companies - and their accountants - are compelled to value their assets at the lowest amount possible and their liabilities at the highest amount possible under GAAP in their commercial financial statements in order to minimize their tax liability Furthermore, in order to benefit from tax incentives, they may be led to record in their commercial accounts special tax-allowed depreciation and reserves To avoid the potentially misleading effects resulting from the departure from the true and fair view, such accounting practices must be explained in the notes The preparation of the notes is usually included in the annual work as accountants

It should be noted, that the application of the authoritative principle has become much less restrictive in recent years and that there is now a growing number of different accounting treatments in tax accounts

Our accountants are based in Munich/Germany If you have any questions please feel free to send a message: If you have any questions or inquiries please use the following contact form: