Withdrawing from company assets for personal use is a matter of course for many business owners. After all, they have to live off something. This process is known as a withdrawal and is not always straightforward when it comes to accounting and tax law. What do you need to consider, what kind of withdrawals are there and is it possible to do this in a limited company? We provide the answers.
Is your company currently unable to meet its payment obligations or attend to its private contracts? In that case, a deferral is an option to delay payments whether you’re conducting business as an entrepreneur or a private individual. We’ll show you what conditions must be met for a deferred payment and what you need to look out for.
Working from home is becoming possible in more and more industries. But how are you actually insured as an employee when working from your home office? Find out what you should know about home office liability insurance, when it pays to have insurance, and how you should behave in case of an accident in your home office.
Working from home continues to gain importance as part of modern work life. To ensure that you can work efficiently and securely from home, certain precautions should be considered. Generally, employees are free to design their home office spaces as they wish. However, there are times when the employer has a legal responsibility to ensure the safety of your home office setup. Find out what your...
Digitalization, Work 4.0, information society – buzzwords that show how the ways we work are changing. As a result of these developments, some traditional workplaces are losing their significance: Work can be done from anywhere with an internet connection. Setting up a home office is therefore an alternative that is becoming interesting for more and more employees and employers.
As a business owner, it’s sometimes necessary to invest personal assets into your company. Whether it’s smaller purchases in everyday life – paying for gas at the gas station, for example – or larger sums if you’re trying to keep your company liquid. These are all known as capital contributions. We will provide a definition and explain what you need to keep in mind.
In business, things don’t always go as planned. Whether it’s a mishap with an order situation, or too much debt, a company can quickly find itself staring in the face of financial ruin. No matter the situation, creditors will still be demanding their legitimate monetary claims, regardless of whether your company is facing insolvency or not. The final option is liquidating the company. The goal is...
Around the world, hundreds of thousands of companies exist without the purpose of producing a profit. What defines these so-called nonprofit organizations (NPOs)? Here, we explain what a NPO is and explain the various areas of activity of nonprofit organizations, as well as why managing one is so special. Read on to also learn more about the challenges NGOs are currently facing.
Insolvency has a bad reputation. It stands for a lack of funds and high debts. However, people often forget that insolvency proceedings don’t necessarily spell the end of a company. Insolvency administrators can help settle outstanding liabilities and help people keep their jobs.
Good crisis communication is important for any type of business because brands can damage their reputation in the long-term by using bad communication. Find out more about the process of establishing a crisis communication plan and the three phases the plan should cover. This article provides valuable tips to implement a crisis communication plan for each of the three phases using examples.