Withdrawals and deposits in the sense of paragraph 4 paragraph 4a EStG in the income surplus statement.
April 29, 2021 | 35,00 EUR | answered by Steuerberater Bernd Thomas
Are these the withdrawals from the cash register and all withdrawals from the bank account that I need for my livelihood?
Would it then be correct for a sole proprietor to simply record all business expenses as deposits and all business income (minus account balances) as withdrawals there? In theory, this is usually correct because that is exactly what a sole proprietor does.
Why should these details be provided? What is their purpose?
Dear questioner,
I am happy to answer your inquiry based on the information provided in the context of an initial consultation on frag-einen.com. The response is based on the factual information you have provided. Missing or incorrect information can affect the legal outcome.
The recording of withdrawals and deposits primarily serves to prevent abusive arrangements where debts are charged to the business and then used for private purposes, such as building a private house. To prevent this, tax law introduces the concept of excessive withdrawals, and to determine these, the tax office requires the relevant information.
For 95% of all business owners and self-employed individuals, this is not relevant in practice.
If you follow the process described, where everything paid from the private account is a deposit, everything ending up in the private account is a withdrawal, everything taken in cash from the cash register is a withdrawal, and if you put cash into the cash register, it is a deposit, everything paid from the business account for private purposes is a withdrawal, then you are pretty much on the safe side. In addition, you should also record the use of assets, for example, if you use a private car for business purposes and set a flat rate of 30 cents per kilometer.
Best regards,
Bernd Thomas
Tax Advisor
Information according to DL-InfoV: Tax Advisor Dipl.-Kaufmann (FH) Bernd Thomas, Tax Advisor, Neustadtswall 85, 28199 Bremen, member of the Hanseatic Chamber of Tax Advisors Bremen, registration number 111705, professional liability insurance with R+V Allgemeine Versicherung AG, Mittlerer Pfad 24, 70499 Stuttgart, insurance sum: 250,000 euros per individual claim; annual maximum benefit: 1,000,000 euros (for all damages in one insurance year); The professional regulations of §§ 3, 3a, 32, 43 Tax Consultancy Act apply (regulations can be viewed at: http://www.gesetze-im-internet.de/stberg)
