We all have to make some pretty serious decisions when it comes to starting a business - mostly because there is no payroll officer making sure all our finances are in order! Then of course, there are two sure things in life: death and taxes. Assuming you are alive and reading this, you are going to be paying tax and you are going to need to file a return… and if you have not made a statement for 2017, well, you have missed the deadline! It is gone! Now, it is never recommended that we are missing deadlines in general but most especially for our taxes as that can lead to more fees. But, for once, in this case, there is a saving graces: hire a tax consultant.
Without a doubt, there is nothing more challenging than understanding than the complex German tax laws - which can challenge even the most German of Germans. In fact, even some of the language can be challenging for lawyers, bankers and people who have been in business for years. Not only this, but it only takes a few networking meeting with other freelancers or self-employed people for it to become clear: this is not going to be easy. This, along with reasons we will explore, is one of the main factors in why a freelancer decides: actually, I do not want to deal with the tax office and I do not want to have to worry about my own returns.
Now, however, more than any other time - is the BEST time to get a professional on your team.
1) You do not have to worry about tax filing on your own! As if that’s not reason enough…
2) Secondly, if you're represented by a tax advisor , you'll have to file your 2017 claim for the full year (until December 31, 2018). Now, the deadline for tax returns for people who do not have a tax advisor, is May 31, 2018 - which means maybe you are already finding yourself with a missed deadline! Here’s that saving grace for you, if that is you: getting a tax advisor NOW is the solution for those who missed the deadline on May 31, 2018. Maybe you feel like having less sleepless nights after this new… Also, do you have to let the tax office know? Well actually the tax advisor will step up and report this on your behalf - sure, you may have to sign some forms but - from this point your tax consultant will deal with the tax office on your behalf. But who knows, maybe you’ll miss talking with them...
3) Rest easy! You will not have to worry about the tax declaration until after Christmas! A tax accountant also needs some time to work on it and of course has a lot to do at the end of the year. Of course, you also have to master the additional work for the professional yourself. After all, they need all the documents / documents and receipts from you. Really, they can not start before that.