Imprint

mensching plus
Steuerberatungsgesellschaft mbH
Großer Burstah 45
D-20457 Hamburg

Tel. +49 40 3680969-0
Fax: +49 40 3680969-35
Mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Managing Director
Dr Oliver Mensching, Auditor, Tax Consultant and Specialist in International Tax Law
Dr Philipp Jebens, Lawyer
Simone Kreller, Tax Consultant
Reemt Pottmann, Lawyer, Tax Consultant and Specialist in Tax Law
Ivonne Jagusch Tax Consultant

VAT no. DE 814583117
Hamburg District Court HRB 95727
Registered office: Hamburg

For services in taxation affairs, for which the General Assignment Conditions apply, the General Assignment Conditions for Tax Consultants and Firms of Tax Consultants apply in the current version - including in relationship to third parties.

mensching plus Audit GmbH
Wirtschaftsprüfungsgesellschaft
Großer Burstah 45
D-20457 Hamburg

Managing Director
Dr Oliver Mensching, Auditor, Tax Consultant and Specialist in International Tax Law
Nils Reinke, Auditor

VAT no. DE 251 388 833
Hamburg District Court HRB 108576
Registered office: Hamburg

For services in taxation affairs, for which the General Assignment Conditions apply, the General Assignment Conditions for Auditors and Firms of Auditors apply in the current version - including in relationship to third parties.

Responsible in accordance with section 55 (2) of the Rundfunk-Staatsvertrag (German Interstate Broadcasting Treaty):

Nils Reinke
Großer Burstah 45
20457 Hamburg
Germany
Tel.    +49 40 3680969-0
Fax:    +49 40 3680969-35
Mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Professional titles:

The legal professional titles “tax consultant” and “auditor” have all been awarded in the Federal Republic of Germany.

Supervisory authorities

For tax consultants:

Steuerberaterkammer Hamburg (Hamburg Chamber of Tax Consultants)
Raboisen 32
20095 Hamburg
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.stbk-hamburg.de

For auditors:

Wirtschaftsprüferkammer Berlin (Berlin Chamber of Auditors)
Rauchstrasse 26
10787 Berlin
www.wpk.de

The professional regulations are

For tax consultants:
Steuerberatungsgesetz (StBerG, or German Tax Advice Act)
Verordnung zur Durchführung der Vorschriften über Steuerberater, Steuerbevollmächtigte und Steuerberatungsgesellschaften (DVStB, or German Ordinance for Implementing the Regulations for Tax Consultants, Tax Representatives and Firms of Tax Consultants)
Berufsordnung (BOStB, Professional Regulations)
Steuerberatergebührenverordnung (StBGebV, of German Tax Consultants’ Fees Ordinance)

All regulations can be viewed on www.bstbk.de under the option “Downloads/Professional law”.

For auditors:
Wirtschaftsprüferordnung (WPO, or German Auditors’ Ordinance)
Berufssatzung für Wirtschaftsprüfer/vereidigte Buchprüfer (BS WP/vBP, Professional Statutes for Auditors/Certified Accountants)
Satzung für Qualitätskontrolle (Statute for Quality Controls)
Siegelverordnung (Official Seals Order)
Wirtschaftsprüfer-Berufshaftpflichtversicherungsordnung (Auditors’ Professional Liability Insurance Ordinance)

All regulations can be viewed on www.wpk.de under the option “Service/Legal regulations”.

Disclosures on professional liability insurance:

Liberty Mutual Insurance Europe Ltd.
Branch office for Germany
Köln Turm
Im MediaPark 8
50670 Cologne

and

Nassau Versicherungen
German Branch of
Nassau Verzekering Maatschappij N.V., Rotterdam, NL
Im MediaPark 8
50670 Cologne

The territorial scope is Germany and the rest of Europe, Turkey and the states on the territory of the former Soviet Union including Lithuania, Latvia and Estonia.

Exclusion of liability

Despite careful checks of the contents, we cannot accept any liability for the contents of external links. The operators of linked sites are exclusively liable for their contents.

Availability of the website

mensching plus Audit GmbH makes every effort to offer the service to call up free of interruptions as far as possible. However, despite these efforts downtime cannot be ruled out. We reserve the right to amend or discontinue our range at any time. We cannot accept any guarantee for interruptions or other disruptions caused by files set up erroneously or erroneously structured formats.

Copyright

All the contents and structures of this website are protected by copyright and ancillary copyright. Publication in the World Wide Web or in other services of the Internet does not represent any declaration of consent for any other use by third parties. Any exploitation not admitted by German copyright requires the prior written consent of mensching plus Audit GmbH.

We permit and explicitly welcome the quotation of our documents and the establishment of links to our website, as long as it made known that this concerns contents of the website of mensching plus Audit GmbH and these contents are not brought into connection with third party contents that conflict with the interests of mensching plus Audit GmbH.

Note on the problem of external links

As a provider of contents in accordance with section 7 (1) Telemediengesetz (German Telemedia Act), mensching plus Audit GmbH is responsible for its “own contents”, which is provides for use, in accordance with general law. A differentiation must be made between this own content and links to the content provided by other providers. In this regard mensching plus Audit GmbH provides “external contents” for use via the links, which are marked in this manner: www.denic.de

“Links” always concern “living” (dynamic) references. On initially establishing the links, mensching plus Audit GmbH checked whether the external content could initiate possible civil or criminal law responsibility. However, we do not continuously check these contents, to which we refer in our range, for amendments that could re-justify responsibility. If we identify or are informed by others that a concrete range to which we have established a link initiates civil or criminal law responsibility, we will remove the reference from this range.

We use parts of this disclaimer with the kind permission of the Berlin Data Protection Officer (www.datenschutz-berlin.de), which is also available to anyone who would like to use it.

 

Bildnachweis Fotolia:
© Syda Productions
© drubig-photo
© powell83
© contrastwerkstatt
© kameraauge
© fotogestoeber

 

Drawing up financial statements / Reporting

Abschlusserstellung / Reporting

The requirements within the scope of drawing up annual and consolidated financial statements are continually increasing. This fast-moving environment poses new challenges not just to parent companies, which compile consolidated financial statements, but also smaller subsidiaries. Not only do they have to acquire the necessary know-how, they also have to retain staffing capacities to implement the ever more extensive requirements made of financial reporting in ever shorter times - and all that alongside daily business.

Our experts will support you in drawing up annual and consolidated financial statements and reporting packages in accordance with the German Commercial Code and IAS/IFRS and in drawing up reconciliations between the different standards. So you’ll have more time for the essentials.

In addition, we draw up other evaluations that are required e.g. by financing banks or other partners, in particular:

  • Statements of assets;
  • Proforma US-GAAP or IFRS balance sheets;
  • Interim and purchase price settlement balance sheets;
  • Calculating the degree of interest, capital servicing and debt cover;
  • The amount of non-recoverable operating costs.


> Tax returns / Compliance
> Financial accounting

Financial accounting

Planning and setting up financial accounting

Setting up financial accounting is the key to making meaningful evaluations.

We set up the accounting from the beginning so that not only the special features of the investment, but also our clients’ requirements and not least tax matters are taken into account. What is important here: as simple and efficient as possible but sufficiently differentiated to be able to generate meaningful data and sensibly support your work.

We work closely with property and asset managers and ensure their software is harmonised with our software environment. This ensures the high quality and consistency of the data.

We have interfaces to different property management systems and are familiar with the strengths and weaknesses of these software solutions.

> Tax returns / Compliance
> Drawing up financial statements / Reporting

Tax returns / Compliance

Tax returns / Compliance

We draw up all legally stipulated tax returns in Germany and Luxembourg taking the special concerns of the property industry into account.

Alongside actively monitoring loss or interest carry forwards, developing the shareholders’ tax capital accounts, drawing up transfer pricing documentation etc., this also includes permanently monitoring VAT correction periods.

One special focus of our work is supporting tax audits, both in cases in which we have drawn up the tax returns ourselves and also in cases in which our clients have been supported by other tax consultants.

> Financial accounting
> Drawing up financial statements / Reporting