COVID-19: FIRST AID FOR YOUR BUSINESS DURING CORONA CRISIS
It is currently difficult to predict the duration of a pandemic-related measures. The key to saving your business is in rapid response. Our first aid will help you mitigate the impact and overcome the crisis caused by the global pandemic.
TAX & LEGAL
Legal advisory services on the management of commercial agreements during the crisis.
Tax and Legal assistance on business restructuring processes.
Advisory services on the impact of Emergency Legal Notices on your business.
Expatriate and Personal Tax services.
Employee payroll and employment administration services.
Solutions ensuring effective recovery of existing claims.
Forecasting and financial advisory services in relation to easing of Bank facilities.
Planning for recovery - Cashflow and debt management.
Assistance to access Government Financial Aid packages.
Business Risk Advisory services including assistance for the preparation of regulatory filings and assessment of other business risks related to COVID-19.
Business Continuity Planning and implementation.
Secure environments for work-from-home scenarios.
Cyber Security planning and implementation.
Technology Risk Assessments in relation to developing scenarios during the COVID-19 crisis.
Cyber resilience during the crisis.
Detecting and preventing fraud during the crisis.
Temporary management of the reporting function, resp. supporting of the financial team.
Support in the internal and statutory reporting process
TAX ADVISORY - DETAILED
Management of fulfillment of tax and social and health insurance related obligations in the current and changing conditions (deadlines, possibilities of postponement of deadlines for filing and payments, payment of taxes in installments, determination of tax advance payments otherwise, etc.).
Calculation and addressing the tax implications in relation to the changed terms in contractual relationships (within the group and vis-à-vis third parties), such as extension of due dates of liabilities, unpaid or written-off liabilities, rent-free periods, rent discounts, interest-free periods, possibilities of tax deductible write-off of receivables.
Price adjustments in case of controlled transactions under specific conditions.
Quantifying and managing the impacts of new labor market measures, such as "Home office", interruption of employment relationship, forced leave, provision of work equipment, on taxes and social and health insurance contributions.
Analysis of the possibilities of separation the potentially risk bearing activities from valuable assets and profitable activities.
CRISIS BUSINESS ADVISORY
Termination and changes of existing contracts.
Elimination of potential criminal consequences of unfair liabilities management.
Termination and changes of employment.
Proper usage of payroll allowances/absences during Covid-19.
Cancellation/limitation of bonuses or unclaimable salary parts, other allowed increasements of payroll costs.
Changes to organizational structure ( identification of key personnel, appointment of compliance officer, etc.).
Implementation of the employer's obligations stipulated by public health protection legislation.
Tailored updates on latest legislation changes.
Monitoring of current changes in regards to Social and Health insurance and correct implementation of the changes into payroll calculation practice.
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