At Forvis Mazars, we inform you about the recent developments and rules and regulations that can have impact on you or your organisation. Would you like to minimise your risks and maximise your opportunities? We have listed several noteworthy news items that can be of use to you.
The processing of income from inheritances
26 June 2020 - The council for annual reporting (Raad voor de Jaarverslaggeving) has proposed to clarify at which moment the income from inheritances can be determined. According to the council for annual reporting this clarification is necessary because in practice there are different ways to cope with the time of processing and it sometimes involves high costs to determine the scale of inheritances.
Transitional compensation on business termination
23 June 2020 - By the introduction of the Work and Security Act (Wwz) as of 1 July 2015, the whole of (employment law) the Netherlands has become acquainted with the transition payment. The bottom line is that the employer owes the employee compensation if the employment contract has come to an end on the employer's initiative or because of her seriously culpable act or omission. Until January 1, 2020, the condition was that the employment contract must have lasted at least 24 months, but from that date the transition payment is due from the first day of employment.
Can a employee discontinue a pension scheme?
23 June 2020 - In practice it still happens regularly that not all employees participate in the employee's pension scheme. The question is whether this can lead to damage for the employer in the future.
The optimal design of WBSO and the Innovation box
15 June 2020 - The outbreak of the new corona virus is hit hard on entrepreneurs financially. Unfortunately, many entrepreneurs have to ask themselves how they will survive this crisis. In that context, the Cabinet has taken various fiscal and financial measures to help entrepreneurs through this time of crisis. In addition to these new possibilities, there are also various existing fiscal and financial measures, which can play an important role in this, including the Research and Development Promotion Act (WBSO) and the innovation box.
Is waiving the volunteer allowance always tax-deductible?
12 June 2020 – The Tax Authorities announced that waiving the volunteer allowance is only a deduction for the income tax return when the volunteer could have chosen to pay out the compensation.
Understanding your donation potential: data analysis in the charitable sector
11 June 2020 – Charitable organisations have been dealing with declining revenues for years. The coronacrisis will only strengthen this trend. Contributors will be even more aware and critical about their donations. Because of the lost revenues, the charitable activities will come under even more pressure. That’s why it is crucial for charitable organisations to understand their donation potential. Where are the opportunities for your organisation which will lead to more and higher donations? Data analysis is a vital link in this.
OSINT benchmark: be aware of your digital footprint
10 June 2020 - The coronacrisis once again underlines the vital importance of Internet connections and the linked IT systems. In the Netherlands, a large number of people are working from home and companies turn to technology to keep them going. Adequate security is therefore an absolute necessity. Are you aware of the digital footprint your company is leaving behind?
Monitoring in the family business - part 4 of 4
8 June 2020 - In the last part of this four-part section, we will discuss some other options in the transfer of the E-Byke B.V. shares. to Cindy: succession with cumulative preference shares, a trust office foundation and priority shares. An investment by private equity can also facilitate business succession within the family.
The role of the lawyer in the transaction
14 May 2020 – With every purchase or sales process the need arises to documentate ‘something’ about the transaction and then place a signature under it.
Family businesses: engine of the Dutch economy
14 May 2020 – Family businesses are the engine of the Dutch economy. Research of the CBS reveals that families are in charge at more than 70% of the companies. Also outside the Netherlands families occupy an important place. There are beautifull stories to tell about family businesses. For example about the formation of the sport brands Adidas and Puma or the Dutch beer brewer Heineken.
The international network of Mazars Corporate Finance
14 May 2020 – Finding a suitable buyer for a company can be a challenging process. A good match between the buying and selling party is an important aspect of a successful acquisition. The Netherlands has many suitable parties to sell a company to. However, is a Dutch buyer also the best buyer?