Establish compliance to German and international tax regulations

In summer 2019, the Federal Ministry of Finance revised the "Principles for the proper management and storage of books, records and documents in electronic form and for data access" (German: GoBD).The name is unwieldy, the regulations are sometimes complex - and enormously important for accounting. The most important points can be found on our blog.

Companies must adhere to the principles of proper accounting, regardless of whether they organize their accounts in paper or digital form. The GoBD regulate which legal requirements have to be met for the keeping and storage of books and business documents in electronic form in Germany. These regulations also apply to the settlement of travel expenses.

Anyone who travels for professional reasons has to dig into their pockets for food deeper than they usually would. Therefore, the legislator has regulated that the so-called additional expenses for meals are tax deductible. But when can it be claimed and how can you get your money refunded? We answer the most important questions.

Business trips are part of the daily business for more and more employees. Employees don't have to bear the costs of hotel accommodation themselves, but can settle them via the overnight flat rate. However, the collection of receipts is often preferable to the flat rate.