Financial Statements
Clarity, security, strategic foresight
The annual financial statement as foundation for well-informed decisions
Trinity Tax provides you with a complete and audit-proof financial statement, which considers all legal requirements and provides transparency of your business financials.
We prepare the balance sheet, P&L and any other legally required attachment, enabling your focus on business development – with reliable and transparent financial data.
Our Core Services
Preparation of Balance Sheet, P&L and attachments
Full preparation according to German commercial and tax law
Allocation of expenses and income for correct period recognition
Preparation, reconciliation and plausibilty check of all your transactions in order to ensure completeness and accurateness
Analysis & Advisory
Detailed analysis of your business financial data along with liquidity planning
Comparison of financial data with prior year data
Identifying improvement potential through tax planning
Handling of Tax Audits
Review and improvement of existing company data and documentation
Managing audit requests by preparing documentation and advising on audit strategies
Reflection of audit findings in following years
Frequently Asked Questions
What is an annual financial statement?
The annual financial statement is the accounting record of a company’s financial year and provides information on the company’s financial position and economic performance. It consists of the balance sheet and profit & loss statement (P&L), which present assets, liabilities, revenues, and expenses. This gives both internal and external stakeholders a transparent overview of the company’s development.
What is part of the service provided by Trinity Tax for financial statements?
Preparation of the balance sheet and profit and loss statement
Preparation of the legally required notes and supplementary schedules
Review of postings, accounts and accounting documents
Tax advisory services and optimization of results
Preparation of management reports and analyses
Who is responsibile to prepare financial statements?
In principle, all corporations (e.g. GmbH, AG, UG) as well as partnerships under certain conditions. Self-employed individuals and sole entrepreneurs may voluntarily prepare annual financial statements depending on their legal form and turnover, but benefit from the clear overview of their financial situation.
By when needs a financial statement to be prepared?
The timing depends on the size of the company. As a rule, the annual financial statements must be prepared within six months after the end of the financial year. For small corporations, this deadline may be extended to up to twelve months.