Benefits Managed Services (BMS)
Invitations to meals or events raise tax issues that must be addressed on the path to tax compliance. Correct tax treatment of these expenses is the final step in a complex upstream process involving company activities and information flows. A lack of awareness, unclear responsibilities, process weaknesses, and the complexity and variety of cases mean that incentives and gifts consistently top the list of findings in employment tax and social security audits.
Based on a thorough analysis of your processes, we provide ongoing support during each filing period for processing such benefits, including flat-rate taxation under Sections 37b and 40 of the German Income Tax Act (Einkommensteuer¬gesetz, or EStG).
Our managed service is system- and technology-agnostic and requires no implementation within your IT landscape.