KEEPING COMPANIES ON COURSE
Anyone who undertakes a project aims for good results: Entrepreneurs in particular are always on the move, looking to actively preserve their assets, and to find new sources of income or achieve other lucrative goals.
Many of them see tax consultants, auditors and corporate accounting in general as an annoying, often pedantic duty that, thankfully, can be outsourced to the “bean counters”.
There is a huge opportunity hidden in the sea of numbers: Those who keep an eye on their sales and earnings on a monthly basis and keep their personnel matters in order, also have excellent navigation tool at their disposal: With a short-term performance report, for example, liquidity can be precisely calculated in advance or investments can be proactively planned.
With the right helmsman at his side, the captain not only has his ship under control, but also his surroundings. The accounting department delivers the data – often even on a monthly basis – to the cockpit, making navigation easier.
In addition, with its offices in Vienna, Graz and Salzburg, SOT also covers all the tasks associated with modern auditing and sees itself as a responsible partner when it comes to financing issues, and bank or investor meetings.
AuditingTax consultingFinancial managementCompliance / auditingAccounting/ BookkeepingPayroll accountingBusiness mediationFamily Office
Auditing
The use of experienced tax experts to analyse the past financial year and determine the position on the balance sheet date is intended to give the supervisory bodies, owners and supervisory authorities as well as anyone with a legitimate interest in the company the clearest possible view of the company’s position in relating to its competition, while also providing well-founded information about the company’s resources for the future.
Our somewhat different approach to auditing enables companies and supervisory bodies to make their decisions on the basis of reliable figures.
Tax consulting
As tax consultants, we stand by our clients’ side with our know-how and experience, offering advice and support so that they can concentrate on their work or their company. We help our clients reduce their tax burden to the legal minimum, develop tax-optimised solutions for them and defend their rights and interests before the tax authorities.
Not only do we advise on tax and social security issues, but we also support our clients in commercial matters, when it comes to devising business plans and financing issues, for example.
For start-ups and reorganisations, we help you find the right legal form for your company. Optimising the economic success of our clients is one of our central concerns.
Financial management
Complex corporate situations require custom financing solutions tailored to the case at hand. Our experience has shown that the client’s concerns can be better conveyed to the financing institute by separating the roles of tax advisor and financial expert. Everyone speaks in their own language.
In phases of growth, restructuring or change processes, traditional approaches to financing working capital or investment loans have to be rethought, maturities have to be changed, and collaterals redistributed. Outsourcing auditing or compliance obligations can also be a source of relief.
Elisabeth Waldner, with more than 25 years of banking experience, supports company executives with regard to preparation, structuring and implementation.
Compliance / auditing
New regulatory requirements oblige providers of financial and payment services to comply with both national laws and European regulations. Companies’ compliance staff and internal auditing departments must monitor compliance with these provisions and report on them. The SOT financial management team provides comprehensive support in this area to companies overseen by the Financial Market Authority on the basis of outsourcing arrangements. Internal procedures and processes are optimised, and decision-makers, managers and members of the supervisory board are kept continuously informed through regulatory updates.
Inspecting individual and consolidated financial statements in accordance with the Austrian Commercial Code (UGB) / Austrian Banking Act (BWG) and IFRS of credit institutions as well as verifying compliance with regulatory standards with the help of specialised teams is the very core of our work.
Accounting / Bookkeeping
- Ongoing financial and asset accounting
- Submission of preliminary turnover tax returns (UVAs)
- Individual evaluations (accounts, lists of balances per account, short-term performance reports, open item lists, etc.)
Payroll accounting
- Payroll management
- Consulting and information in all payroll accounting matters
- Representation in tax and social security contribution audits (joint audit of wage-dependent levies and contributions – GPLB)
Business mediation
Mediation is an extrajudicial type of conflict management. It aims to find a solution to a conflict that is acceptable to all sides. A specially trained and impartial person – the mediator – helps the involved parties work out this solution.
In addition to offering mediation services in the narrower sense, we have created additional offerings for our customers based on our expertise in mediation. For instance, we can support you with business transfers, change processes within companies, organisational development processes as well as with conflict management or when training your employees.
Family Office
- Point of contact for family members at home and abroad for tax and financial questions
- Compilation of a service package for expatriates (covering social security issues, domestic staff, property searches)