affiliate programs
November 8, 2011 | 30,00 EUR | answered by Dr. Yanqiong Bolik
I would like to earn money with a few affiliate programs. Since my father is in need of care, I do not have the opportunity to pursue any other employment.
Now I have the following question:
What do I need to consider and what do I have to declare to the tax office, and what do I need to apply for?
Thank you in advance for answering my question!
Best regards
Dear inquirer,
Thank you for your inquiry, which I will be happy to answer taking into consideration your input and the rules of this platform.
Please note that my explanation is based on the facts presented, and that adding, omitting, changing information, or the ambiguity of information can alter the tax result.
According to your information, you would like to start a commercial activity as a sole proprietor. In addition to registering your business, you will need to fill out the tax registration form and submit it to your tax office.
You can find the form to download on the page "https://www.formulare-bfinv.de/ffw/form/display.do?%24context=0".
Lines 1 to 70 require general information about your personal situation.
Lines 71 to 125 should include information about your commercial activity, the name of your company, your contact details, details of your business premises (if any), and the form of establishment.
Lines 126 to 123 ask for information regarding the determination of advance payments. To estimate, you can use data from the previous year's tax assessment, unless there have been significant changes.
Next, there are details about determining profits. In the founding year, you can initially choose to determine profits through income surplus calculation using records. This method is cost-effective. Since you likely won't employ any staff in the first few years, you do not need to provide details about registering and paying income tax.
For information about registering and paying value-added tax, in the founding year, you have the option to take advantage of the small business scheme if the estimated sum of turnover for the year of opening the business does not exceed €17,500. This scheme is only beneficial if you do not make significant investments for your activity and if your customers are mostly private individuals who cannot deduct input tax.
The information should be accurate. Your details will be used to assess tax liability and determine tax advance payments.
I hope this information is helpful to you.
If there are still uncertainties, please feel free to use the inquiry function.
Best regards,
Dr. Yanqiong Bolik
Tax advisor
Bildstöckle 6, 70567 Stuttgart
Tel: +49 (0)711 / 9332 2657
Email: info@zdbz.de
www.steuerberatung.zdbz.de
