Company Structure

When planning a generational change, the company structure often has a major impact on both the older generation and the younger generation. The tax implications of any inappropriate solutions may be significant.

Generational Change Models

There are a number of generational change models to consider in the planning of a generational change. The frameworks for these models are quite dynamic, especially from the point of view of tax law.

Taxation of Part-time Farming Operations and Stud Farms

If you operate a part-time farm on your own agricultural property alongside salaried employment, your tax situation depends on whether you run a commercial business or it is merely a hobby for you.

Employment Law in Connection with Company Transfers

In connection with company transfers, mergers etc., a number of questions and challenges of a legal nature often arise in relation to the employees.

Mileage Allowance and Deduction for Transport

Salaried employees and business owners can receive a mileage allowance or claim a deduction for transport.

Inheritance and Gift Rules

A generational change usually involves certain gift elements. Questions arise in relation to the division of the older generation's assets subsequent to or during the generational change.

Purchase and Sale of Real Property

The current state of the property market calls for in-depth knowledge, overview and attention to detail. There is a need for quick decisions and action.

IT Agreements

More and more companies are choosing to outsource some or all of their IT systems. This creates a need for clear contract documents to be drawn up with suppliers of IT services.

Planning a Generational Change

A generational change can be carried out in many different ways, depending on the needs of your company. In some cases, a concurrent change of ownership and management is deemed to have too much of an impact on operations.

Incentive Schemes

Incentive pay is used increasingly as part of the remuneration paid to employees.