Question 1

What is an annual financial statement?

Accepted Answer

The annual financial statements are a legally required compilation of documents that present the financial situation of your company at the end of a financial year.

It typically includes a balance sheet, a profit and loss statement and an appendix.

Corporations such as GmbHs and UGs are obliged to prepare their annual financial statements and publish them in the Federal Gazette.

Question 2

What happens if the application is submitted late?

Accepted Answer

Late submissions can result in fines of between €2,500 and €25,000. The Federal Office of Justice can impose these penalties if the annual financial statements are not submitted on time. For micro-capital companies, the fine can be reduced to €500, but this is also an avoidable expense.

Question 3

What is Mika doing?

Accepted Answer

mika is an AI-powered financial autopilot for small businesses. For your 2023 annual financial statements, our platform intuitively guides you through the entire process and helps you prepare all the necessary documents yourself. You answer simple questions, and our AI supports you throughout the entire process. This saves you time, money, and stress – without the need for an expensive tax advisor.

Question 4

Can I prepare annual financial statements without a tax advisor?

Accepted Answer

Yes, absolutely! As the managing director of a GmbH or UG (limited liability company), you are permitted to prepare your annual financial statements yourself. There is no legal requirement to engage a tax advisor. With mika's support, you can handle this process yourself easily, cost-effectively, and in compliance with the law – without requiring any expertise in tax law.

Question 5

I have a gGmbH or an association - can you help me too?

Accepted Answer

Yes, mika also supports non-profit limited liability companies (GmbHs) and associations in preparing their annual financial statements. Our AI is trained to consider the specific requirements and tax peculiarities of non-profit organizations. Simply book a free consultation to learn more about the specific solutions for your GGmbH or association.

Question 6

How does mika differ from traditional accounting software?

Accepted Answer

Unlike traditional accounting software like sevdesk or lexoffice, mika focuses specifically on preparing annual financial statements. While these programs are excellent for ongoing accounting, they don't offer comprehensive AI-powered support for the complex process of preparing annual financial statements. With mika, you get a specialized solution that guides you through every step, provides you with the necessary explanations, and helps you prepare legally compliant annual financial statements without the need for a tax advisor.

Question 7

Can I try mika for free?

Accepted Answer

Yes! You can book a free, no-obligation 15-minute consultation. During this conversation, we'll show you how mika works and how we can help you with your 2023 financial statements. This way, you can make an informed decision before signing up.

Annual financial statements 2024
not yet submitted?

Automate annual financial statements,
Save time, grow your business

You are unsure if mika is for you?

Is this you?

Companies that trust mika

About Us

What is an annual financial statement?

What happens if the application is submitted late?

What is Mika doing?

Can I prepare annual financial statements without a tax advisor?

I have a gGmbH or an association - can you help me too?

How does mika differ from traditional accounting software?

Can I try mika for free?

Ready to start?

Annual financial statements 2024 not yet submitted?

Automate annual financial statements, Save time, grow your business

You are unsure if mika is for you?

Is this you?

Companies that trust mika

About Us

What is an annual financial statement?

What happens if the application is submitted late?

What is Mika doing?

Can I prepare annual financial statements without a tax advisor?

I have a gGmbH or an association - can you help me too?

How does mika differ from traditional accounting software?

Can I try mika for free?

Ready to start?

Annual financial statements 2024
not yet submitted?

Automate annual financial statements,
Save time, grow your business