They are always there, the great mysteries of life ...

Why do charging cables inevitably get tangled, no matter how you lay them down?
Why is there always the longest queue at the supermarket?
And why do tax professionals switch languages when they want to explain something?

Not all secrets can be unraveled. But we can at least help you to understand your tax specialist: The KTfKK initiative - Klartext für Kanzleikürzel.

Today with: VGA

You have probably come across this abbreviation if you are a shareholder in a corporation - such as a GmbH. And it doesn't stand for desperate profit-boosting or temporary brain shutdown. 😉

If a tax expert talks about a VGA, this is a serious matter that can cost you dearly in case of doubt!

This refers to a hidden profit distribution.

If this (inadmissibly) reduces your company's income, the tax auditor's mood will also be lowered. Classic examples are
- Excessive salaries for managing directors,
- assumption of costs for private activities of the shareholders by the company and
- Unusual business relationships between the company and close relatives of a shareholder.

If the tax auditor discovers a VGA in this way, both the company and the shareholder are allowed to make additional payments!

Therefore, your tax specialist not only knows all the shortcuts, but can also help you make the best possible use of them. And: He has various legal ways to boost your profits.

👉 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

#vGA #Law firm abbreviation #Clear text #Tax advice #WSB