What regulations apply to the preparation of a balance sheet according to HGB?
November 10, 2023 | 50,00 EUR | answered by Laura Hohenwarter
Dear tax consultant,
My name is Roberta Köhler and I run a small business. In recent years, I have prepared my balance sheet in accordance with the regulations of the Commercial Code (HGB). However, I have noticed that the regulations in this area regularly change and I am not sure if I am complying with all current requirements.
So, my current situation is that I have prepared my balance sheet according to the existing regulations, but I am unsure if it still meets the current requirements. I am concerned that I may be violating legal regulations and that legal consequences could result.
Therefore, my question to you as an expert is: What regulations currently apply to the preparation of a balance sheet according to HGB, and what changes have been made in this area in recent years? Are there any specific requirements that I, as a business owner, need to consider in order to prepare my balance sheet correctly and in compliance with the law?
I would be very grateful if you could provide me with specific information and guidance on how I can prepare my balance sheet in accordance with current legal requirements.
Thank you in advance for your help.
Sincerely,
Roberta Köhler
Dear Mrs. Köhler,
Thank you for your inquiry regarding the current regulations for preparing a balance sheet according to the Commercial Code (HGB). As a tax advisor with many years of experience in this field, I can help you and provide you with specific information on the current legal requirements.
First of all, it is important to know that the regulations for preparing a balance sheet according to HGB are regularly revised and updated. In recent years, there have indeed been some changes that are also relevant for small companies like yours. One important point, for example, is the regulations for the valuation of assets and liabilities. There have been adjustments in recent years that need to be taken into account.
Another important aspect is the disclosure requirements in the balance sheet. These have also changed and it is important that all necessary information is presented in the balance sheet completely and correctly. There are also specific requirements regarding the accounting of provisions, depreciation, and deferred taxes that need to be considered.
To prepare your balance sheet correctly and in compliance with the law, I recommend that you regularly inform yourself about current changes in the legal regulations. It may also be useful to seek support from a professional tax advisor who can expertly advise you on preparing your balance sheet. A tax advisor can not only help you meet the legal requirements but also help you optimize potential tax benefits.
In conclusion, I want to emphasize the importance of knowing and complying with the current legal regulations for preparing a balance sheet according to HGB to avoid potential legal consequences. I am available for further consultation and support you in preparing your balance sheet according to the current legal requirements.
I hope this information is helpful to you and I am available for any further questions.
Best regards,
Laura Hohenwarter, Tax Advisor
