Foundation & RegistrationOpening a representative office, branch or legal entity in Germany
Once you are set up, the regular business operation begins and various contracts need to be concluded.
- We render employment contracts for your work force (LEGAL)
- We recommend to implement an ERP system for SME in order to have working processes. We can assist in selecting the suitable ERP software. (ACCOUNTING & TAX)
- VAT Advice: How to issue correct invoices , implement a VAT compliance management system (TAX)
- TP Advice: How to define the business model compliant wit transfer pricing rules (TAX)
- Intercompany contracts: TP compliant contracting (TAX & LEGAL)
- Work Rules and Company handbooks will provide guidance for your staff (LEGAL)
- Accounting & Tax Services provided:
- Monthly bookkeeping and controlling reports
- Monthly VAT reporting
- Monthly statistical reporting
- Monthly payroll calculation
- Annual tax declarations
- Financial Statements (German GAAP) and digital publication at the Bundesanzeiger
- Group reportings (IFRS, US GAAP, Japanese GAAP)
Advanced Tax Clerk
FRANKUS uses the comprehensive accounting and tax declaration software of DATEV. It allows a cloud based digital reporting. It also supports online banking by the client.
Most German ERP systems have a compatible data interface to the DATEV system which allows an efficient bookkeeping saving cost and with high quality. Bank data will be imported via interface or download directly to the DATEV system.
All bookkeeping supporting documents such as invoices and receipts can be archived digitally in DATEV Unternehmen Online.