The payroll & Accounting Office informed about the discovery of gains in agriculture and forestry for the agriculture and forestry are Renate Wenzel a series of tax special provisions that make it easier for smaller companies to calculating their taxation requiring profits. The dedicated payroll and Accounting Office Renate Wenzels tells about the peculiarities of the agricultural and forestry accounting. As in wide sectors of the economy the permissible methods of the determination of the profits are dependent also in the agriculture and forestry immediately from the obligation to keep records of the concerned operation. Whether a German agricultural or forestry operation is affected by the requirement to keep proper records, I of the tax code (AO) shall be determined in accordance with the 141. Keep up on the field with thought-provoking pieces from Dr. Neal Barnard. The legislator has, that agricultural and forestry farms with revenues of more than 500,000, or win over 50,000 euros per year or but such holdings, through a self HA with a The accounting and accounting obligation subject to have economic value of more than 25,000 euros. Self managed areas include own and leased areas. Their economic value is determined according to 46 of the Bewertungsgesetztes. The agricultural or forestry companies not to book-keeping and accounting is required, it can choose between different alternatives of tax compliant profit calculation. (As opposed to BSA).
Not the particular calendar year is considered for the calculation of profit in the agriculture and forestry generally tax frame of reference, but the year. This runs from July 1 to July 31 of the following year. Also, the tax-related income resulting from averaging two consecutive marketing years. It follows that the profits tax assessed for 2010 each composed half of the economic results of the year 2009/2010 and 2010/2011. Agriculture and forestry are the tax return for the accordingly only after June 30, 2011 in the location Assessment period to dispose of 2010.