Setting up and running a subsidiary in Germany presents unique accounting and tax challenges for foreign companies. German regulations require strict compliance with local accounting standards, tax laws, and reporting obligations.
At WW+KN, a Baker Tilly Company, we provide full accounting, tax compliance, and reporting services tailored specifically for foreign subsidiaries operating in Germany.
1. Accounting and Bookkeeping Services
German law mandates that companies maintain accurate and timely financial records in accordance with the German Commercial Code (HGB).
We offer comprehensive bookkeeping services, ensuring full compliance with local accounting standards.
Our services include:
- Ongoing bookkeeping (monthly, quarterly, or annually)
- Preparation of VAT returns (Umsatzsteuervoranmeldungen)
- Payroll accounting (if required)
- Intercompany reconciliations
- Management reporting in German or English
2. Financial Statements and Reporting
Every GmbH or German subsidiary must prepare an annual financial statement (Jahresabschluss) that complies with HGB.
Additionally, foreign parent companies often require reports aligned with their home-country accounting standards such as IFRS or US-GAAP.
We support our clients with:
- Preparation of annual financial statements (HGB-compliant)
- Preparation of notes and management reports
- Customized reporting packages for group consolidation
- English-language reporting on request
3. Tax Compliance and Filings
Tax obligations for German subsidiaries are extensive.
Our team ensures that your company meets all requirements efficiently and accurately, including:
- Corporate income tax returns
- Trade tax returns
- VAT returns
- Withholding tax declarations
We also assist in handling communications with the German tax authorities (Finanzamt) and support during tax audits.
4. Single Point of Contact: Accounting, Tax, and Legal
Beyond accounting and tax services, WW+KN offers a unique advantage:
As part of Baker Tilly, we work closely with our in-house legal colleagues specializing in:
- Commercial and corporate law
- Contract law
- Employment law
This allows us to act as a single point of contact for all your operational, financial, and legal needs in Germany — ensuring seamless and efficient support for your subsidiary.
Why Choose WW+KN?
- Extensive experience with foreign-owned subsidiaries
- Multilingual support (German, English, others on request)
- Tailored solutions for companies of all sizes
- Strong international network as part of Baker Tilly
- One-stop-shop for accounting, tax, and legal services
Get in Touch
WW+KN, a Baker Tilly Company, is your trusted partner for accounting and compliance services in Germany.
We ensure that your German subsidiary operates smoothly, in full compliance with local regulations, while providing the international reporting transparency you need.
For individual advice and service offers, please contact us at info@wwkn.de.
