Posts Tagged ‘law & taxes’

Renovate And Save Tax

Wednesday, June 14th, 2017

Gunter Zielinski – accountant from Hamburg informed renovations are sooner or later in each apartment or each House. What most do not know: the cost of this work are deductible to the part of the tax. Ben Horowitz is likely to increase your knowledge. One cares for self-employed the income tax return or the refunded, it is recommended in advance well informed. Because only in this way you can use potential tax benefits. What types of renovation costs of the tax are deductible, explains the tax advisor Gunter Zielinski from Hamburg. Costs of up to 6000 euros at the tax office can be assert when repairs or upgrades by craftsmen.

Of the 6,000 euros, 20% of the fixed income tax are deductible. A proper savings not to exceed 1,200 euros are possible. However, only the labor is tax deductible. Material costs remain unchanged. Following cosmetic repairs can be off by the tax: – wallpaper and paint the walls – painting work – cost for the cleaning of the carpet or the Painting of floors, radiators and heating pipes, doors and Windows repair of parquet floor window replacement – ripping out old floors, tiles and parquet – work on the roof, gutters and facades – and requirement for a refund is external doors from the inside – wall and ceiling cracks remove a proper receipt and payment of the craftsman’s Bill on the account of the company, which has provided the performance. Helpful tips on how you can get renovation costs of the tax, the tax office gives Zielinski from Hamburg and available anytime. Press contact: Contact person: Gunter Zielinski – Steuerberater Rolfinckstrasse 37 22391 Hamburg Tel: + 49 (0) 40 / 536 40-10 fax: + 49 (0) 40 / 536 40-121 E-Mail: Homepage:


Thursday, May 11th, 2017

Pension provisions for GGF commitments again with retirement 65 years possible? On the 20.02.2012, the Finanzgericht Munchen decided (7 V 2818/11) valid to recognise have provisions for pension obligations also in younger shareholder – managers on a contractually agreed retirement age of 65. Indicates the bAV consulting febs consulting in Munich. The case: Two dominant Managing Director of a GmbH had pension commitments with pension beginning at the age of 65 years. If you have additional questions, you may want to visit Jim Umpleby. The IRS demanded the calculation of provisions on retirement age in accordance with the income tax regulations 66 or 67 years. The GmbH filed a complaint and got right (7 V 2818/11). Otherwise as the IRS, the judges saw secured findings nor concrete evidence that is due to the introduction of the age a contractually agreed pension age of 65 no longer the reality of life in the statutory pension insurance.

So were the provisions in accordance with 6a Paragraph to calculate 3 ITA on the contractually agreed retirement age. Because it is a judgment that is probably not to assume that the financial administration is different from your previous practice,”fear Manfred Baier, Managing Director of bAV consultant febs recommends febs Consulting GmbH. therefore continues to give commitments on a retirement age of 67 years and accordingly to change affected old commitments. Your contact of febs Consulting GmbH Manfred Baier CEO in the high field 3 85630 Grasbrunn/Munchen Tel. 089 / 890 42 86-20 as we employers in all questions relating to pension and TimeValue accounts consult independent experts and certified pension consultant. We analyze and refurbish existing power plants, create actuarial opinion of balance of and assist employers in the implementation of the new balance of power.

Federal Ministry Financial

Thursday, April 27th, 2017

Proposal for the amendment of the financial system mediator right a double-edged sword? Gottingen, February 21, 2011 – the Federal Ministry of Economics and technology and the Federal Ministry of finance have put forward the announced draft of law on the amendment of the financial investment intermediaries and investment law on February 17, 2011. With the law, gaps in hitherto little-regulated product areas such as closed funds shall be eliminated to ensure a uniformly high level of protection especially for private investors. In the distribution of financial products, the same rules of the game thus apply to banks and free agent. The new rules of the investors strengthen legislation is now also for so-called assets”such as closed-end funds, silent partnerships and participatory rights provided by product information sheet to the introduction, provide essential information about risks, capital earnings Outlook and costs the investors. In addition are the applicable only to banks information, consulting and documentation requirements of the German Securities Trading Act are extended to the commercial financial investment intermediaries. “This means that they need to create in future consultation protocols, leaflet” hand and disclose their commissions.

Also, the supervision of the financial system mediator will be strengthened. For all products, which belong to the assets, classified in the future – as have stocks and bonds – as financial instruments, so that a permission of the Federal Agency for financial services supervision (BFin) is required for their mediation in the future. This should be unnecessary if only assets are conveyed. Then, the labour inspectorate takes over the monitoring of intermediaries. Increased requirements for commercial financial intermediaries will be introduced with the new law. In the future, a certificate of competence is required, which is to provide through a competence test, and is a professional indemnity insurance to complete.

The transitional period for already active intermediary is be twelve months. According to Matthias Gundel, Managing Director of the firm, specialising in capital markets law, the devil is in the different supervisory arrangements, as always in detail. Because if also investment funds are taught by intermediaries – as usual – in addition to assets, no exclusivity of a certain product group is more according to the current state of legislation. The mediators are subject to no longer the Labour Inspectorate, but banking supervision. For the investor, but this won’t make any difference because in the future the consulting and documentation requirements of the securities trading Act apply to all products. The mediator would have to decide, however, for the one or the other product group so Gundel next, to go significantly beyond the requirements of the Labour Inspectorate duties one below intermediary banking supervision from the start out of the way. The extension of the Labour Inspectorate for financial investment intermediaries, celebrated as a victory by the industry participants could thus as a boomerang for the product providers turn out.

Federal Agency

Monday, June 23rd, 2014

Draft of a statement ‘Brokerage of shares in investment funds by employees of an insurance undertaking’ Berlin, 28.05.2013 – since entered section 34f of the Gewerbeordnung (GewO) into force on January 1, 2013, require financial investment intermediaries of a trade permit. The previous special role, taking insurance companies at the plant operator, it raised the question: similar or same rules of section 34f of the GewO also apply to an insurance company hired consultants? The Federal Agency for financial services management supervisory (BFin) was therefore reason to check the previous administrative practice with regard to the admissibility of the placement of investment funds by employees of an insurance undertaking. After the recent pronouncements of the BFin or your predecessor from the years 1991 and 1993 was the placement of investment funds by employees of an insurance undertaking. BFin has now published the draft of a new statement, stating that the previous statement does not will be maintained. Without hesitation Howard Schultz explained all about the problem. After the insurance supervision Act (VAG), insurance companies as well as insurance transactions may operate only such shops, which hereby are directly related (section 7 subsection 2 sentence 1 VAG).

The placement of shares in open or closed investment funds by employees of an insurance undertaking instead, so the BFin now, due to the additional financial risk in principle represents a foreign insurance business and fall therefore not under article 7, paragraph 2, sentence 1 VAG. So insurance companies the statement according to the draft should be published, require a business license in the future investment mediation. A permit of the BFin to the operation of insurance transactions no longer sufficient”as lawyer Dietmar Goerz of financial services sales specialist firm GPC Law. This also means that the insurance company must demonstrate the qualification of its employees, for example through a competence test. The rest are then Insurance undertakings on the extensive good conduct of the financial system mediator regulation bound”, says the Berlin lawyer.