{"id":189,"date":"2022-12-22T10:33:27","date_gmt":"2022-12-22T10:33:27","guid":{"rendered":"https:\/\/companyformationaustria.com\/accounting-services-in-austria\/"},"modified":"2024-03-13T09:07:01","modified_gmt":"2024-03-13T09:07:01","slug":"accounting-services-in-austria","status":"publish","type":"post","link":"https:\/\/companyformationaustria.com\/accounting-services-in-austria\/","title":{"rendered":"Accounting Services in Austria"},"content":{"rendered":"\n

If you want to\u00a0open a company in Austria<\/a><\/strong>\u00a0and need assistance, you can rely on the\u00a0company formation services<\/strong>\u00a0provided by our consultants who can also put you in touch with our\u00a0accountants in Austria<\/strong>.\u00a0<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
 Quick Facts<\/th>\n <\/th>\n<\/tr>\n<\/thead>\n
Services offered by our accountants in Austria<\/td>\n\n

– bookkeeping,<\/p>\n

– preparation of annual financial documents,<\/p>\n

– payroll,<\/p>\n

– audit,<\/p>\n

– tax registration when you open a company in Austria,<\/p>\n

– tax consolidation, etc.<\/p>\n<\/td>\n<\/tr>\n

\n

Tax registration service<\/p>\n<\/td>\n

\n

Tax registration is an integral part of the Austrian company formation process and our team will handle all the documentation and required procedures for you.<\/p>\n<\/td>\n<\/tr>\n

\n

VAT number<\/p>\n<\/td>\n

\n

Obtaining a VAT number in Austria is optional for businesses that do not engage in activities subject to VAT.<\/p>\n<\/td>\n<\/tr>\n

Assistance with accounting documents<\/td>\n\n

– issuance and registration of sale and purchase invoices,<\/p>\n

– maintenance of accounting records,<\/p>\n

– reconciliation of accounts,<\/p>\n

– maintenance of general ledgers, etc.<\/p>\n<\/td>\n<\/tr>\n

Financial year<\/td>\n\n

Any 12-month period<\/p>\n<\/td>\n<\/tr>\n

Accounting standards in Austria<\/td>\n\n

– Generally Accepted Accounting Principles (GAAP),<\/p>\n

– International Financial Reporting Standards (IFRS)<\/p>\n<\/td>\n<\/tr>\n

Financial document preparation<\/td>\n\n

– Prepare, include notes, and have an auditor review the documents within 5 months of the financial year;<\/p>\n

– Gain shareholder approval within 3 months of preparation;<\/p>\n

– Submit to the Companies Register within 9 months of the balance sheet date.<\/p>\n<\/td>\n<\/tr>\n

Audit requirements for small companies in Austria<\/td>\n\n

Only if it has:<\/p>\n

– more than 50 employees,<\/p>\n

– assets valued at more than 5 million euros in two consecutive years,<\/p>\n

– annual turnover over 10 million euros in two consecutive years.<\/p>\n<\/td>\n<\/tr>\n

Accounting requirements for micro-enterprises<\/td>\n\n

Are less stringent, and our specialists can tailor our services to the businessowner’s specific needs.<\/p>\n<\/td>\n<\/tr>\n

Forensic accounting<\/td>\nInvolves investigating financial discrepancies, fraud, and legal disputes to provide evidence in legal proceedings.<\/td>\n<\/tr>\n
Invoicing<\/td>\n\n

Our team will create and send invoices, track payments, and manage records of financial transactions.<\/p>\n<\/td>\n<\/tr>\n

Property financial matters<\/td>\n\n

– managing property income and expenses,<\/p>\n

– calculating property taxes,<\/p>\n

– preparing financial reports and financial analysis, etc.<\/p>\n<\/td>\n<\/tr>\n

Corporate tax rate in Austria<\/td>\n\n23%<\/td>\n<\/tr>\n
Number of double taxation treaties<\/td>\n\n

90 (approx.)<\/p>\n<\/td>\n<\/tr>\n

Why choose our accountants in Austria<\/td>\n\n

– for tax registration when you start a business in Austria,<\/p>\n

– budget-friendly services,<\/p>\n

– experienced team,<\/p>\n

– respecting deadlines,<\/p>\n

– accurate reports, etc.<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n\n\n

Austria<\/strong> is seen as Germany\u2019s little sister because the two countries have pretty similar laws related to the formation of companies<\/a><\/strong> and foreign investments. However, being two separate countries Austria\u2019 taxation system<\/strong> is quite different. Also, the accounting standards <\/strong>an Austrian company<\/strong> must meet are different. Taking into account that accounting<\/strong> is the most important part of running a business, most companies in this country outsource this part of the management to firms specialized in providing accounting services in Austria<\/strong>.<\/p>\n\n\n\n

\n
\n

Table of Contents<\/p>\n<\/span><\/div>\n