business closure
I will deregister my business (sole proprietorship, subject to sales tax) next year and retire. My question: I will work for the last time in March and write the last invoice. This invoice will only be due and paid in June. Can I deregister the business by March 31st, then quickly transfer it to my personal assets and sell some items, and declare the business closure to the tax office by May 31st, providing the necessary balance sheets and calculations by that date? Or is the date of official business deregistration also the deadline for the tax office, and everything (transfer and sales) must be completed by that time? Of course, the tax-free allowance and any possible tax deductions are important to me. Due to high health insurance contributions, an early business deregistration is also important to me. I have 2 purchase invoices for low-value assets from 2014 with value-added tax on which my name is listed as the address instead of the company name. I have requested corrections to the invoices. If the input tax deduction is denied in 2014 during an audit, can I claim the input tax deduction in 2016, or is the input tax lost and do I book the gross amount as a private investment? The expenses were paid from the business account and are clearly business expenses. Thank you in advance for your effort.
