what will the future bring
Short-time working bonus
April 2021
The short-time working bonus is intended to support employers and employees.
Companies that have been closed continuously since November 2020 should receive a short-time working bonus in the event of complete absence from work in the amount of. Receive a maximum of € 1,100 as a one-time payment.
of which are omitted:
- A maximum of € 825 as a one-time payment for the company depending on the loss of work
- 175 € for employees as a one-off payment for tip-intensive industries
- € 100 for taxes
The payment is made with the March settlement of the Corona short-time work, whereby a roll-up in April / May is possible if necessary.
Homeoffice
April 2021
The Income Tax Act regulates the deductibility of a “tax office” very strictly. With additional regulations, the costs of the employee from a home office activity are now also to be better taken into account for tax purposes.
Tax liability for cryptocurrencies
March 2021
Private trading in cryptocurrencies is taxed as a speculative business if the purchase and sale take place within the one-year speculation period. The profit can be up to a tax rate of 55% will be taxed.
accelerated depreciation
March 2021
Under certain conditions, accelerated depreciation can be claimed for buildings that were acquired or constructed after June 30th, 2020.
Sales compensation II
March 2021
For companies that are significantly affected indirectly, there will now also be a turnover replacement of up to € 800,000.00. The prerequisite is a revenue shortfall of more than 40% compared to the previous year.
Cash registers annual receipt 2020
February 2021
For 2020, the annual receipt must be created, checked and submitted via FinanzOnline by February 15, 2021 at the latest. The monthly receipt for December is also the annual receipt.
Loss replacement COVID-19
January 2021
On December 17th the guideline for loss compensation was published! The replacement of losses that occur between September 16, 2020 and June 30, 2021 can be applied for based on a loss forecast or retrospectively. The replacement rate is up to 90%
Installment COVID-19
January 2021
Phase 1:
Monthly payment in installments possible until 06/2022
Phase 2:
Monthly payment in installments possible until 03/2024
Give vouchers tax-free
January 2021
If the allowance for participation in company events was not or not fully exhausted in the 2020 calendar year, the employer can issue vouchers worth up to € 365 by January 31, 2021 tax free spend to its employees.
renewal
5% tax rate
December 2020
The 5% tax rate will now be extended to December 31, 2021 for the following services:
Restaurant and catering services, accommodation services (hotels, camping) and the publication and cultural sector
10% tax rate for repairs & feminine hygiene products
December 2020
Repair services for bicycles, shoes, leather goods, clothing and household linen as well as feminine hygiene items will be subject to the reduced tax rate of 10% from 1.1.2021.
Deadline for filing corporations
December 2020
Due to the Corona, an extended disclosure period of 12 months applies to corporations for balance sheet dates between October 16, 2019 and July 31, 2020
For the balance sheet date of December 31, 2019, this period expires on December 31, 2020
Corona grant payment
November 2020
In the event that employees are unable to work, the Allgemeine Unfallversicherungsanstalt (AUVA) pays the employer an allowance for continued remuneration
Corona short-time work new
November 2020
Companies that are directly affected by the lockdown are supported (official closure)
Corona revenue replacement
November 2020
We support companies that are directly affected by the lockdown in November (official closure)
Lowering income tax
The income tax rate will retroactively from 01/01/2020 for income components between € 11,000 and € 18,000 will only be 20% instead of the previous 25%.
Apprentice bonus
Apprentice bonus - € 2,000 for newly admitted apprentices
Loss carry-back
Losses from operating income that cannot be offset in the course of the 2020 assessment can be deducted from the 2019 assessment.
Online mail order business
Changes to online mail order business from 2021.
Introduction of an EU one-stop shop.
Deferral & installment payment
Deferrals that were approved after March 15, 2020 and whose deferral period ends on September 30 or October 1, will be extended to January 15.
slightly Economic goods
The limit for the immediate depreciation of so-called low-value assets of depreciable fixed assets has risen to € 800 in 2020
Flat rate
This year, small entrepreneurs also have the option of applying for a simple flat rate in the area of income tax.
Social security bonus
Social security subsidy of up to € 300 per year. Introduction of a social security bonus for low incomes.
Small business owner
Raising the turnover limit for small businesses.
In sales tax law, the tax-free limit for sales for small businesses has increased from € 30,000 to € 35,000.
Input tax deduction for e-bikes
In order to increase the incentive for companies to offer employees more electric bicycles (e-bikes or self-balancing scooters) and normal bicycles, input tax deduction was made possible from 2020.
Free of discount in pension
People who have worked for at least 45 years can retire without any financial loss.
ig deliveries
Intra-community deliveries must now also be included in the EU sales list. Please note the requirements for tax-free treatment.
electronic delivery
Since January 1st, 2020 you have the right to electronic communication with authorities.
Retention periods
The 7-year retention period for business documents from 2012 ended on December 31, 2019. Some documents must still be retained. read more here
