Accounting for you as
Auditor
Discover a new dimension in accounting with Seewara, customised for you as a Auditor with mandatory accounting – without do-it-yourself software and without sole dependence on artificial intelligence.
The good news for you
As a freelancer without a business, you are exempt from the obligation to keep double-entry accounts under the Income Tax Act (EStG), regardless of turnover and profit. The principle of so-called simple bookkeeping applies to you.
Seewara is the best choice for you to have your bookkeeping done by professionals. Find out more about your field of activity and industry here.What you should know
Simple bookkeeping for businesses and the self-employed
Do you understand your accounting requirements? With Seewara, we offer a simple, transparent solution for businesses and the self-employed who want to keep track of their finances.
Who counts as a commercial enterprise?
Commercial enterprises include all companies that do not fall under the category of freelancers according to §18 EStG. This includes, for example, all commercial activities that are not exempt from the accounting obligation by law. Typical commercial enterprises are, for example, trading companies, craft businesses or limited liability companies (e.g. GmbH) that are either voluntarily or legally entered in the commercial register.
Limits for simple bookkeeping
Certain limits apply to commercial enterprises that are not required to keep accounts:
- Turnover limit: 800,000 euros
- Profit limit: 80,000 euros
If your business does not exceed these limits, you can use the simplified income statement (EÜR) instead of complex double-entry bookkeeping.
Self-employed persons according to Section 18 EStG
Self-employed persons who work in one of the catalogue professions are also affected by special regulations. The catalogue professions include, among others:
- Artistic activities
- Scientific activities
- Teaching and writing activities
- Educational activities
These professions are mentioned in the exhaustive list of §18 EStG and are considered to be self-employed regardless of the level of income.
Less bureaucracy, more freedom
Whether you are a tradesperson or self-employed – with our simple accounting solution, you can keep track of everything and save yourself unnecessary bureaucracy. Get in touch with us to customise your bookkeeping to your needs!
What do you actually do as a Auditor?
A chartered accountant is a professional who audits the financial records of companies and organisations to ensure that they are accurate and in compliance with the law. The main responsibilities of a chartered accountant include:
- Auditing financial reports: Auditors review financial statements and other financial reports for accuracy and completeness. They ensure that the reports comply with applicable accounting standards (e.g. IFRS, HGB).
- Risk assessment: They analyse the company’s financial practices and systems to identify potential risks that could affect the accuracy of reporting.
- Compliance audits: Auditors check whether the company is complying with legal and regulatory requirements. These include tax regulations, company laws and industry-specific regulations.
- Reporting: After completing the audit, they prepare an audit report summarising the results of their audit. This report may also include recommendations for improving the company’s financial practices.
- Consultancy: Auditors often provide consultancy services to help businesses optimise their financial operations, take advantage of tax breaks and improve internal control.
- Monitoring internal controls: They assess and test a company’s internal control systems to ensure they are effective and minimise the risk of fraud or error.
- Assistance with mergers and acquisitions: Auditors can also help with due diligence during mergers and acquisitions to assess the financial health and risks of the target company.
- Annual audits: Many companies are legally required to have their financial statements audited annually by a certified public accountant. This helps to build trust with stakeholders, including investors and lenders.
- Training and professional development: Auditors stay up to date on changes in accounting standards, tax regulations and other relevant laws so they can provide their clients with timely and accurate advice.
Overall, an auditor plays a critical role in ensuring the integrity and transparency of financial information, which is essential to maintaining the trust of investors, creditors and other stakeholders.