FIN Posting and Taxes

Beginning this year, the German tax authority (Bundeszentralamt für Steuern (BZSt)) has introduced changes to the way photovoltaic systems are handled. One change is a tax exemption for systems with outputs up to 15 kW (peak) and 100 kW (peak)... Read More »

Introduction Hello everyone, It has been a while since I published last blog. In case you do not remember, I have written about Tax Calculation and Reporting. Please follow link to Part 1 and link to Part 2 in order to refresh your memory, as we... Read More »

The objective of this blog post is to inform you which enhancements you can find in SAP Business ByDesign 22.11 release regarding the File and Form for 1042-S Withholding Tax Return. These enhancements were done in order to be compliant with the... Read More »

The objective of this blog post is to introduce what updates were done on 1099-MISC and 1099-NEC Forms (Copy B) in order to be compliant with the latest regulations published by the IRS relevant for the year 2022. This enhancements you can find in... Read More »

Hi everyone, There is a new functionality for the Account Balances and Auxiliary Accounts regarding the plus and minus sign inversion in these reports. In this blog post, we will go through: Some background information How it was before the new... Read More »

¡Hola a todos! Do you want to read this blog post in English? Click here! Manteniendo la serie sobre los formatos de informe que recibe de forma predeterminada al instalar los informes de conformidad del soporte de datos magnético. En esta... Read More »

¿Quiere leer este post en español? Hi everyone, Keeping on with the series about the Report Formats you receive by default when you install the Magnetic Media Compliance Reports. In this blog post we will address the VAT higher than Cost Amount in... Read More »

Do you want to read this blog post in English? Click here! ¡Hola a todos! Continuando con la serie de formatos de informe que recibe por defecto al instalar los informes de conformidad de medios magnéticos, hoy hablaremos sobre el formato 1001. Si... Read More »

¿Quiere leer este post en español? Hi everyone, Continuing with the series about the Report Formats you receive by default when you install the magnetic media compliance reports, today we will talk about the 1001 report format. If you have missed... Read More »

This blog post will inform you about electronic files modification for 1099-MICS and 1099-NEC Withholding Tax Returns. The Internal Revenue Service (IRS) has published the specifications for electronic files for the fiscal year 2021. These changes... Read More »