Accounting for you as
Honorary Professor
Discover a new dimension in accounting with Seewara, customised for you as a Honorary Professor with mandatory accounting – without do-it-yourself software and without sole dependence on artificial intelligence.
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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 Honorary Professor?
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An honorary professor (also adjunct professor or honorary professor) is an academic position at a college or university that is usually awarded without a fixed contract and without the obligation to take on administrative tasks or to carry out research. An honorary professor is often appointed for specific teaching activities or special expertise.
The main characteristics of an honorary professor are:
1. Teaching Duties:
- Teaching: Honorary professors often teach in specific areas where they have particular expertise or practical experience. Their teaching may include lectures, seminars or tutorials.
- Professional Expertise: They are often selected to teach at the university because of the specialised expertise they have gained from their professional career.
2. No permanent position:
- Honorary professors do not have the status of a regular civil servant and are not integrated into the typical professorial system of the university. They are usually not responsible for administrative tasks, research or student supervision.
- They have a limited teaching commitment, which is contractually agreed upon, but no continuous academic obligation.
3. Remuneration:
- The adjunct professor is remunerated for his teaching, usually through an expense allowance or a fee paid for each course taught. This remuneration is usually lower than the salary of a regular professor.
- A long-term appointment or permanent professorship is not usually intended.
4. No fixed research obligations:
- While full professors also carry out research projects, raise research funds and produce scientific publications, honorary professors usually have no research obligations.
- However, they may write scientific papers in a particular field or participate in projects if these are related to their teaching.
5. Academic title:
- The title ‘professor’ is also awarded to an honorary professor, although this is not the same as a regular professorship.
- title is usually retained for the duration of the engagement at the university or higher education institution and is a recognition of the professor’s professional and academic qualifications.
6. Target groups and selection:
- Practical orientation: Honorary professors are often people with many years of practical experience in their field, such as entrepreneurs, managers, artists or industry experts.
- Prerequisites: Selection and appointment as an honorary professor usually occurs on the basis of outstanding professional or scientific achievements, without the requirements of a traditional academic career such as habilitation or professorial appointment procedures.
Conclusion:
An honorary professor is a kind of ‘external’ professor who is mainly involved in teaching, but without the extensive obligations and tasks associated with a regular professorship. This position is often awarded to benefit from the practice and know-how of experienced experts in the academic field, without fully integrating them into the university system.