International accounting

Internationales Steuerrecht, Symbolbild Flaggen

We support single corporations as well as groups during their expansion with adapting their internal information systems and meeting increased external reporting obligations. We help providing information to different stakeholders such as banks, investors and suppliers. We advise with the transition from HGB to other accounting standards (IFRS, Plan Comptable Général, US-GAAP) as well as with audit requirements and group reporting.

Preparing consolidated financial statements

We prepare consolidated financial statements or, alternatively, work with you to develop a concept for their compilation using your group`s accounting software. In case of first-time consolidation or when deconsolidating in IFRS, we support you, for example, by carrying out a PPA (Purchase Price Allocation). We also provide assistance during individual projects with difficult accounting questions such as mergers and shareholder changes.

IFRS accounting and local GAAP reconciliations

Based on our many years of experience, we support you in the transition from IFRS or other national accounting standards (e.g. Plan Comptable Général, US-GAAP) to the requirements of German commercial law. We also advise you on the transition to IFRS (or other accounting standards), for example in the preparation of planned IPOs, as well as with the adjustment to certain requirements and changes in your accounting.

Group tax planning and deferred taxes

Detailed tax planning and regular reporting is not only important for large groups of companies but also for all other types of internationally engaged businesses. We work with you to develop a customised tax plan and support you with regular (tax) reports and the calculation of deferred taxes. If necessary, we adjust the calculation to the requirements of international accounting standards and/or your group accounting guidelines.

Internal and external reporting

We advise you on all reporting issues and prepare one-off and regular reports for you – for example to inform investors and trustees or as part of the group reporting to your parent company. We also compile the necessary data for appendices to IFRS, management and other reports.

Fulfilling your audit obligations

If the size criteria for an obligatory statutory audit are met, we discuss necessary adjustments with you and support as contact for your auditors, coordinating timelines as well as fulfilling their, answering questions and compiling necessary information.

Controlling, (Tax) Compliance and Internal Control Systems

We are happy to support you with the introduction and the improvement of internal control systems to meet ever-increasing (tax)compliance obligations, starting with an inventory over an analyses of current vulnerabilities up to the implementation of necessary measures.

Do you have any questions for us? We will be happy to help you:

info@bsp-tax.com

0049 89 2903830