Security in all municipal matters - thanks to competent tax consulting!
Tax Returns of Public Law Legal Entities
The tax regulations for public law legal entities with their commercial enetprises rely heavily on legal precedent. The abundance of court decisions in this area is a benefit, rather than a drawback, as it allows experts to carefully select the ideal precedent and use it to justify their argument to the court or relevant tax and finance authorities. SKS Steuerberatung's team of experts holds vast experience in this field. We will thoroughly review your case from a tax standpoint. Additionally, we enhance your tax payments for accounting and tax financial statements. Preparing corporate, trade, and turnover tax returns for commercial businesses is part of our daily work. Our guidance on streamlining tax structures has proven successful. The specificities of the corresponding local authority, town or any other public institution are always considered.
Contact our expert in this field:
Elisabeth Seifert
Graduate in Business Administration (B. A.), Tax Counsel
We understand the importance of confidentiality as tax advisers and fiduciaries. Nevertheless, some of our SKS clients have chosen to provide us with a short reference and have consented to its publication.
Auerbach Town Council
We have engaged SKS Steuerberatung Dresden to provide tax advice on VAT for public corporations, contract design, financial accounting for affiliated companies, preparation and preparation of annual accounts and have been working together for several years. During this time, we have successfully introduced VAT in the municipality with SKS Steuerberatung, redrafted contracts and utilised numerous consultations. SKS Steuerberatung is characterised by its speedy, relevant and professional work. Furthermore, SKS Steuerberatung takes over the cooperation with the tax authorities in tax matters. We are pleased to have a reliable partner at our side when it comes to tax advice.
Christine Fietz
Head of department Controlling/Financial Management
City of Elstra
Since 2019, we have been working with SKS Steuerberatung Sonkin, Seifert und Partner mbB in the course of auditing the annual financial statements. SKS has always been an expert partner for us. After the changeover to double-entry accounting, the associated delays in the annual financial statements and the constantly changing legal framework, we were able to gain important insights through this collaboration. In the course of the always friendly, courteous and helpful support, SKS is a guarantor for the city of Elstra and has now taken over the tax matters with the tax authorities. We would like to thank SKS for the good co-operation, the speedy implementation of the tasks taken on and the willingness to help with any problems that arise.
Steffen Wustmann
Treasurer City of Elstra
City Treuen
In connection with the introduction of double-entry accounting, we have entrusted SKS Steuerberatung with the local audit of the opening balance sheet as at 1 January 2013 and the subsequent annual financial statements. The prompt and professional completion of this audit work as well as the uncomplicated communication led us to also utilise the tax law consulting services of SKS Steuerberatung, in particular on issues relating to the upcoming sales taxation of municipal income. SKS Steuerberatung has proven to be an extremely reliable and efficient partner for us, both in the local audit of municipal annual financial statements and in advising on municipal tax law, and we are happy to recommend them to others.
Karl-Ernst Binner
Head of Finance and Citizen Services
Treuen Town Council
County of Sonnenberg
Despite the difficulties caused by the coronavirus pandemic in preparing tax returns and counselling, through the use of modern means of communication, interaction with SKS has always been at the highest level. All our issues were dealt with efficiently and in a timely manner. During the implementation of a major project to check the budget of an entire municipal enterprise for "hidden" commercial transactions by the tax authorities, we were convinced of the exceptional reliability, competence and efficiency of SKS. The legal opinions and practical advice based on many years of professional experience proved to be extremely accurate and confirmed our confidence that we could rely on SKS in the area of highly specialised municipal tax law.
Thomas Reinhardt
Responsible officer of the financial administration department of the Sonneberg district office
Amendments to the Value Added Tax Act (§ 2b UStG)
Amendments to the VAT (§ 2b UStG) came into effect on 1st January 2017, allowing public law legal entities to engage in business activities without the need for a commercial undertaking (BgA). The amendments align with the previous established regulations of the European Supreme Court (EuGH) and Supreme Financial Court (BFH). Our team is ready to provide expert advice and help identify possible tax reductions.
Municipal Enteprises - Special Purpose Associations (hereinafter "municipalities")
The KomDoppikLG Act of the Federal State on the double-entry bookkeeping of municipalities, which came into force on 16 March 2006, also applies to their public utilities or institutions regulated by the Municipalities Order. Pursuant to § 93 Section 2 of the Municipal Code, special purpose associations are obliged to keep their accounts in accordance with the general accounting principles (GoB) as well as in accordance with the special municipal budget law regulations.
SKS Steuerberatung provides advice and assistance to municipalities when dealing with municipal tax law. The impact of the State Act on double-entry bookkeeping by municipalities, known as KomDoppikLG, varies depending on the type of special purpose association and municipal enteprise it manages. This is seen in the provisions of the Municipal Code (GemO) and the provisions of the Special Purpose Associations Law (ZwVG).
SKS Steuerberatung also advises special purpose associations with municipal enteprises that maintain accounting records in accordance with the Municipal Enterprise and Institution Regulation (EigVO), rather than Municipal Order (GemO). In such cases, we recommend reviewing the association's obligations to switch to the special double-entry bookkeeping provisions for municipalities.
Preparation of the annual accounts
The double-entry annual accounts reflect the financial situation of the regional authority (city, district, state, federation) as well as the result of its administrative activities. As the central accounting instrument in double-entry accounting, the annual accounts serve in particular as the financial statements for the double-entry budget. The purpose of the double-entry annual accounts is to provide information on the real state of the local authority's assets, income and financial position.
SKS Steuerberatung specialises in the preparation of double-entry annual accounts for local authorities. We provide our clients with full support in the preparation of balance sheets (statement of assets and liabilities), profit and loss accounts, accounting for financial transactions and other calculations, as well as in the preparation of additional documents such as notes, balance sheet, statement of liabilities and receivables. When preparing a report, we always pay attention to the proportionality of the results.
In many areas, a professional, efficient approach to planning and documenting the activities of a local authority can achieve a better result with significantly less administrative effort. The main focus of SKS Steuerberatung's work is to provide you with the tools to prepare the documentation for the annual accounts throughout the year.
With SKS Steuerberatung, you work on an equal level. Thanks to the specialist knowledge of SKS Steuerberatung, local authorities are on the safe side with their annual accounts.
Audit of Annual Accounts and Opening Balance Sheets
Do you require an audit in accordance with §§ 104, 105, 106 SächsGemO or § 32 SächsEigBVO? SKS Steuerberatung has been carrying out these audits in cooperation with Hans-Joachim Kraatz, statutory auditor, for more than 10 years. We will be happy to assist you with both a target-oriented audit in compliance with the materiality limits and an in-depth audit of your annual financial statements and will find the right solutions for your individual situation. With SKS Steuerberatung you have the professional support you need for your audit. One of our focal points is the identification of opportunities for improvement. We make suggestions and proposals to enable you to act economically and in accordance with the law. We look forward to receiving your enquiry from us or from Mr Kraatz, www.kmk.info.
