The Corona pandemic has changed Germany and the global economy forever. The immediate consequences of the crisis have hit certain industries and companies hard – others have been less affected. The long-term, lasting consequences of the pandemic are often not yet fully predictable: We need to prepare for a future in a "new normality".
Many questions and uncertainties continue to dominate day-to-day business, while far-reaching decisions still have to be made in order to flexibly adapt to the changed conditions and to make the company as crisis-proof and resilient as possible.
Our accountants, tax consultants, lawyers and management consultants develop the right answers to your questions and challenges from 4 perspectives in an interdisciplinary way in order to ensure continuity and to react to sustainable change with the right solutions and the right measures.
Together, we set the course for your successful future!
News and regular updates around the Corona crisis can be found here »
Please feel free to contact our colleagues directly:
- Support with applications
- Preparation of liquidity planning
- Bridge loan until disbursement (negotiations with house bank)
- Suspension of obligation to file for insolvency
- ort-time work and the calculation of short-time compensation as well as time off and operational restrictions.
- Remuneration issues / continued remuneration
- Flexible working conditions (home office etc.)
- Data protection / data security
- Adjust strategy, update budget / business plans
- Maintain competitiveness: Optimize liquidity / working capital, rethink control of supply chain and distribution channels
- Technical emergency management
- Identifying the opportunities of the crisis, driving digitalization
- AG, KGaA, VVaG & SE – Facilitated conduct of (electronic/virtual) annual general meetings
- GmbH – circular resolution instead of shareholders’ on-site meetings
- Merger, demerger, spin-off, and the like – more time for reorganization measures in 2020
- Cooperatives, associations and foundations – Avoidance of an absence of management and conduct of (electronic/virtual) members’ resolutions / general meetings
- Legal and contractual regulations in the event of non-performance or delivery failures
- Adjustments of external and intra-group supply and service relationships (transfer prices)
- Relocation of functions through adapted value-added processes
- Effects on financing relationships within the company group
- Reduction / non-determination of income, corporation and trade tax advance payments from 2020
- Abstaining from / reduction of the fixing of interest on additional claims
- Deferment and payment in instalments and stay of execution
Baker Tilly News and Updates around the Corona Crisis
With the second Corona Emergency Aid Act, the German Federal Government has once more increased tax research allowances in order to create additional...
This week, the coalition committee approved an economic stimulus and crisis management package. In the area of VAT, two changes were agreed upon: One...
In Germany, the government addresses the coronavirus’ economic effects in particular with loans and the assumption of risks by the business...
Hardly any other topic is currently more predominant than the continuing spread of the Coronavirus in Germany and worldwide. Increasingly drastic...
Obligations to file for insolvency are temporarily suspended // Payment bans are temporarily adjusted // Insolvent companies’ contractual partners are...
On 23 March 2020, the German federal government passed a reform of the German Stock Corporation Act to enable companies to hold a general meeting...
The subject of this article is the package of measures presented by the Federal Government in the cabinet bill of 22 March 2020 to provide short-term...
The Free State of Saxony intends to provide financial support to small companies and freelancers with up to 5 employees and headquarters or permanent...