So that you can focus on the essentials in your business!
As an employer, you have a multitude of responsibilities, be it in employee management, payroll, tax returns or other legal matters.
We are at your side with our many years of experience and expertise to offer tailor-made solutions that overcome your specific challenges and advance your business goals. We rely on trusting cooperation and individual support to offer you an outstanding service.
The firm covers the entire range of tax and business consulting services.
Performance overview
Navigation
Accounting
Payroll accounting
Annual financial statements
Preparation of profit calculation
Preparation of tax returns
Examination of tax assessments
Representation before tax authorities and social insurance institutions
Legal form design and advice on tax matters and social security matters
Audit of annual financial statements without an auditor's report
Preparation of reports
Company valuation
Business consulting
Success and financial planning
01
By law, all entrepreneurs are obliged to keep books and/or records.
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Keeping cash books using computer
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Management and maintenance of material and personal accounts
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Determination of VAT and its monthly or quarterly advance declaration
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Maintaining incoming goods books
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Entertainment tax
02
Payroll accounting
When employees are employed, the following requirements must be met:
Registration and deregistration with health insurance companies
Special payment reports
Change notifications
Reports to the construction workers’ holiday and severance pay fund
Management of payroll accounts
Calculation and reporting of employer contributions and taxes
Maintenance of wages and salaries in connection with collective agreement changes
Employment Law
Management of holidays and sick leave
Service notes
Annual reports to the authorities (municipal tax, employer levy, etc.)
Transmission of annual pay slips to the tax office via ELDA
03
Annual financial statements
The annual financial statements consist of a balance sheet, a profit and loss account and, in the case of corporations, an appendix. When preparing the annual financial statements, we regularly carry out the following tasks:
Maintaining the asset inventory and recording depreciation
Reconciliation of securities holdings
Reconciliation of the tax office clearing account
Sales tax – testing
Posting of goods used and gross mark-up control
Reconciliation of the reported balances on the inventory accounts
Creation and release of value adjustments for receivables
Calculation of severance pay provision
Claiming investment benefits
Presentation of the development of provisions
Review of inventory and profit and loss accounts for incorrect postings
Preparation of balance sheet and profit and loss account in accordance with the corporate law structuring provisions
Advice on preparing the appendix
04
Preparation of profit calculation
Profit determination in the form of an income and expenditure account in accordance with Section 4 Paragraph 3 of the Income Tax Act. In this preparation, we will act as follows:
Grouping of the amounts recorded in the current records by income or expenditure groups
Examination of the admissibility of the deduction of the expenses claimed
Maintaining the asset inventory and determining depreciation
Reconciliation of taxes paid with the tax office account
VAT verification
Calculation of severance pay provision
Claiming investment benefits
Statement of profit determination including attachments
05
Drafting tax returns
As a rule, we are entrusted with preparing tax returns at the same time as preparing the annual financial statements or the profit calculation.
Determination of the deviation resulting from the differences between the rules governing profit determination under corporate law and tax law
Derivation of the income resulting from the provisions of tax law from the profit of the company balance sheet (more – less calculation)
Preparation of the necessary tax returns (income tax or corporate tax return,
VAT return, declaration concerning uniform and separate determination of the profit of partnerships
Calculation of the expected tax payments or credits
06
Examination of tax assessments
As a rule, the relevant notices are issued by the authorities within a few weeks of the tax returns being submitted. These should be checked immediately for accuracy. We provide the following services in this context:
Examination of the tax assessment
Notification to the client as to whether the decision complies with the statutory provisions or whether an ordinary legal remedy should be taken.
07
Representation before tax authorities and social insurance institutions
To ensure that all necessary procedural steps are taken and the stipulated deadlines are met in the dealings between taxpayers and the tax authorities, we are usually commissioned to act as tax representatives and are authorized by a power of attorney to carry out all necessary legal acts.
Compliance with deadlines in tax proceedings
Answering questions and supplementary information
Examination of tax assessments
Drafting of complaints and requests for referral in appeal proceedings
Submission of requests for deferral and installment payments
Payment relief and requests for suspension of collection
Submission of credit withdrawal requests
Support of tax authority audits
08
Legal form design and advice on tax matters
and social security matters
The burden of taxes, duties and social security contributions is a significant cost factor that must be minimized through appropriate structuring measures. We offer consulting services in the following legal areas:
Income tax, corporate tax, sales tax
Inheritance and gift tax
Reorganization tax
State taxes (sports taxes, etc.)
International tax law
Fee law
Social security law
09
Audit of annual financial statements without an auditor’s report
The audit of annual financial statements without an auditor's report is of interest to all entrepreneurs who would like to have an additional control instrument independent of the person who prepares the annual financial statements. We offer:
Audit of the internal control system
Examination of the material and formal correctness of the individual items in the annual financial statements
Examination of the annual report for compliance with the annual financial statements
Preparation of a written audit report
10
Preparation of reports
In connection with legal disputes or when asserting claims for compensation, it is often advisable to prepare a written report. We prepare reports in connection with the following issues:
Loss of earnings due to business interruption
Loss of earnings due to downtime of machines, vehicles, etc.
Company valuation
Calculation of settlement balances when shareholders leave the company
Calculation of compensation amounts in inheritance disputes
11
Company valuation
As with other assets, the value of a company is fundamentally determined by supply and demand, so the correct company value can only be the value that the buyer and seller ultimately agree on. In order for the seller and buyer to be able to enter into price negotiations, however, it is necessary for both parties to specify their price expectations. As a rule, the value of the company is derived from the components of earnings value and intrinsic value.
12
Business advice
As part of business consulting, we offer the following services:
Setting up accounting
Success and financial planning
External controlling
Profit optimization
Investment calculations
Advice on cost accounting and calculation
Key figure analysis
13
Success and financial planning
In order for accounting to become a real management and control instrument, it is necessary not only to document business transactions in the accounting department, but also to plan the company's development.
Profit development by comparing planned expenses and income
Presentation of cash flows including investments and loan repayments
Expected development of financial needs.