Sometimes tax law is like sport: you can only really get to grips with it if you know the abbreviations. And while you may have as little difficulty with FC and SV as you do with BMI and HIIT, perhaps EÜR means nothing to you at all?

If this is the case, then our "KTfKK" initiative will help you a little further 😉 ... Our "Plain text for law firm abbreviations" initiative.

If you approach the matter positively, you might come up with Eamazing Üppige Rs repayment? Or is this little game Esimple Übel Rpuzzling?

We won't make it any more exciting 😉.

EÜR stands for Einnahmen-ÜsurplusRechnung. This is a frequently used, simplified form of profit calculation for freelancers and small companies. The profit is the excess of operating income over operating expenses.

That's what the EÜR is all about:

✔️ You may use it if you are not obliged to keep accounts. This applies to tradespeople if their annual turnover does not exceed 800,000.00 euros and their profit does not exceed 80,000.00 euros.
✔️ You only have to take into account the income and expenses that have flowed in a financial year. (Changes in stock are not taken into account; profits are not calculated on an accrual basis).
✔️ Double-entry bookkeeping with a balance sheet, profit and loss account and inventory is not necessary.

Simplified method or not, sometimes the EÜR is like the offside rule in soccer: everyone claims it's very simple, but almost nobody can explain it properly.

Fortunately, you have a full professional at your side - us as your tax advisor. 😉

👉 Do you have any questions? We speak plain language.
We are happy to assist you and help you with your tax questions and concerns:
www.wsb-berater.com/kontakt

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