What are the advantages of a properly prepared annual financial statement for my company?
April 5, 2022 | 50,00 EUR | answered by Fanni Ehrig
Dear tax consultant,
My name is Lilli Heuser and I am the managing director of a medium-sized company. In recent years, we have always prepared our annual financial statements ourselves, without professional support. However, I have become more and more uncertain and worried about whether we are doing everything correctly and not overlooking any tax advantages or optimization opportunities.
Therefore, I wonder what specific benefits a properly prepared annual financial statement offers for my company? I have heard that a professionally prepared annual financial statement not only meets legal requirements, but also provides important information about the financial position and success of the company. Can a professionally prepared annual financial statement possibly also help to take advantage of tax benefits or save costs?
Furthermore, I am interested in the impact a professionally prepared balance sheet can have on corporate management and decision-making processes. Can a professionally prepared annual financial statement possibly also contribute to optimizing long-term financial planning or facilitating investment decisions?
I would appreciate your assessment of this topic and any possible solutions. Thank you in advance for your help.
Best regards,
Lilli Heuser
Dear Mrs. Heuser,
Thank you for your inquiry regarding the annual financial statements for your medium-sized company. It is understandable that you may have uncertainties and concerns regarding the preparation of the annual financial statements, as it plays an important role for your company. A properly prepared annual financial statement indeed offers a variety of benefits for your company.
First and foremost, a professionally prepared annual financial statement fulfills legal requirements and ensures the legal certainty of your company. By accurately presenting the financial position and performance of your company, you gain important information that can help you in managing and planning your company. A detailed annual financial statement provides you with an overview of the financial situation, profitability, and liquidity of your company, allowing you to make informed decisions.
Furthermore, a professionally prepared annual financial statement can also help you take advantage of tax benefits and save costs. An experienced tax advisor can assist you in optimizing your tax burden and maximizing potential tax benefits. Through careful planning and analysis of the annual financial statement, tax optimizations can be made that bring you financial advantages.
A professionally prepared annual financial statement also impacts company management and decision-making processes. By gaining a detailed overview of the financial situation of your company, you can optimize long-term financial planning and make investment decisions more informed. A professionally prepared annual financial statement provides you with the necessary information to identify potential risks and opportunities early on and act accordingly.
Overall, a properly prepared annual financial statement can offer many benefits for your company, both in terms of legal certainty and financial planning and management. Therefore, I recommend seeking professional assistance to ensure that your annual financial statement is prepared correctly and beneficial for your company.
I am available for further information and individual solutions. Please do not hesitate to contact me to discuss your specific situation.
Best regards,
Fanni Ehrig
Tax Advisor
