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We approach each audit with sharp thought, straight talk and common sense. In addition to verifying that financial results are fairly presented and meet...
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Audit of annual and consolidated financial statements
We place particular emphasis on customized solutions and international service and adapt our services to your needs.
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Global audit technology
We apply our global audit methodology through an integrated set of software tools known as the Voyager suite.
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Accounting in accordance with UGB, US-GAAP or IFRS is in constant motion. The integration of new regulations into their own accounting systems poses special challenges for companies.
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International Tax
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Transfer pricing
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Real Estate Tax
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As advisors for advisors, we support in complex situations
At Grant Thornton, outsourcing represents more than US$250 million of our business. Whatever the size of your organisation or wherever you are in the world, we...
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Bookkeeping & Financial accounting
Financial accounting is the basis for many decisions in the company. Only those who prepare their figures clearly and get a good overview of their company can recognize weak points in time and react to negative developments. The use of state-of-the-art software (BMD) allows you to access your figures at any time. Digital document management and a document management system for data archiving are a matter of course. We take care of your financial accounting.
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Preparation of annual & consolidated financial statements
Depending on the size of your company and the legal form chosen, you are obliged to prepare annual financial statements. In addition, shareholders, owners and management want to be provided with financial information on a regular basis. We support you in fulfilling your recording obligations and thus ensure that you present companies, the bank and other addressees with meaningful and reliable figures.
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Payroll Services
Payroll services are among the subject areas that are changing rapidly and constantly gaining in complexity. This is where tax law, social security law, labour law, residence law and other legal matters come together. Our experts will help your team to stay up-to-date and solve complex issues. But we are also happy to take care of your entire payroll accounting.
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Tax Compliance
Tax authorities keep entrepreneurs and freelancers constantly engaged with tax issues, so they play a central role in almost every business decision. Depending on your needs, our services range from the preparation of tax returns, the execution of tax calculations with a thorough review of the data as a basis for assessment, to international tax compliance for several countries.
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Robotic Process Automation (RPA)
Robotic Process Automation (RPA) is a software-based technology that mimics a series of activities within and between systems based on a set of instructions typically to complete a process.
As your business grows, our advisory services are designed to help you achieve your goals. Successful growth often means navigating a complex array of...
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Valuation
Valuations are a core competence of Grant Thornton Austria. As auditors and tax advisors we combine profound know-how with our practical experience to offer you customized solutions for your valuation assignment. Our industry expertise is based on years of services to our clients, including listed companies as well as owner-managed companies with an international focus. We advise on valuation matters related to arbitration and provide expert opinions.
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Forensic Services & Cyber Security
When it comes to risks in business, our experts are on hand. We support you not only in suspicious cases or in disputes, but also develop suitable strategies in the area of prevention to avoid serious cases as far as possible. Our Cyber Security team helps you to keep your networks and applications secure and is quickly on hand in the event of a security leak.
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Transaction Support
We can support you throughout the transaction process – helping achieve the best possible outcome at the point of the transaction and in the longer term.
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Merger & Acquisition
Companies start new activities and separate from old ones, cooperate and merge. Markets and competitive conditions are subject to constant and increasingly rapid change. As a result, existing business models are changing. Some companies have to restructure and reorganize. But new business opportunities also open up.
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Restructuring & Going Concern Forecast
Restructuring & Going Concern Forecast: Bundled services for your strategic, operational and financial decisions offer the right answers for companies, banks, shareholders and investors.
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Internal Audit
Internal Audit helps companies and organisations to achieve their goals by analysing and evaluating the effectiveness of risk management, controls and management and monitoring processes. Internal Audit focuses on independent and objective audit (assurance) and consulting services that improve the value creation and business activities of your company.
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Expert dispute resolution & advisory
Grant Thornton Austria offers comprehensive services in the field of business-oriented expert services with a broad range of competencies from banking to communication. The core activity of experts is the objective recording of findings and the preparation of expert opinions - regardless of all external circumstances. Our experts Gottwald Kranebitter and Georg H. Jeitler, as sworn and court-certified experts, ensure that the highest professional standards and the principle of objectivity are observed.
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Blockchain and Crypto-Asset
Blockchain as a carrier technology for crypto currencies and smart contracts, among other things, is becoming increasingly important. Grant Thornton Austria offers comprehensive audit and confirmation services for block chain technologies and business models.
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Corporate & Brand Strategy
We support you in developing growth strategies for a sustainably successful future and in maximizing the potential of your brand.
In addition to our service lines - Audit, Tax, Accounting & Payroll and Advisory - Grant Thornton Austria also offers international services. Our experts...
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International Engagement Management
As a member of the global Grant Thornton network, we support and manage international projects for our clients. Our team includes multilingual experts who have many years of experience in international assignments and enquiries and can support you in your international projects.
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Turkish Desk
An Austrian-Turkish multidisciplinary team accompanies you in development projects and transactions. We bundle comprehensive expertise for Turkish companies that want to venture into the Austrian market as well as for Austrian companies that want to position themselves in Turkey.
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French Desk
An Austrian-French team accompanies you in development projects and transactions. We bundle comprehensive expertise for French companies that want to venture into the Austrian market as well as for Austrian companies that want to position themselves in France.
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Optimism is slowly returning to the global economy, but the financial services industry needs to regain the trust of public and private bodies. To succeed,...
While the impact of the prolonged downturn continues to be felt, pockets of opportunity and optimism have emerged within the retail estate and construction...
Across the globe, not for profit organisations are increasingly expected to deliver more, while at the same time facing cuts in government funding and...
We work with all types of agencies, including central and state government, local government, donors (including bilateral and multilateral international...
With the help of outsourcing you can concentrate on the essential tasks, especially if it is a start-up and fixed costs are to be kept low.
We are expert for professional services in the technology and media industry.
With our extensive industry experience ranging from small family-run restaurants and pensions to national providers, international hotel groups, tour...
The social partners have agreed on a further extension of short-time work. As of 1 April 2021, short-time work phase IV can be applied for another three months until 30 June 2021. A gradual phase-out of Corona short-time work is planned in July 2021.
in this article
Most of the key points of phase III also apply to phase IV:
Net replacement rate
The net replacement rate of 80/85/90% of the salary before short-time work still remains. Also in phase IV, employees will continue to receive 80/85/90% of net pay. Wage increases due to collective agreement adjustments must be taken into account (dynamic approach).
Working time must be continued to be between 30% and 80%
In phase IV, working time must be reduced by between 30% and 80% during a calculation period of three months. In special cases, the working time may be reduced below 30% if agreed by the social partners. Similar to phase III, the annex II to the social partner agreement must be signed for this purpose and allows for a downtime of up to 90% in the calculation period of phase IV.
Companies affected direcly by the lockdown
The regulations regarding official closure due to the renewed lockdown remain in force in phase IV. Companies, which are directly affected by a regulatory lockdown under the Covid-19 Measures Act, are entitled to a working time loss of more than 90%.
For the above mentioned companies, the confirmation of the economic justification by the tax advisor doesn’t have to be introduced to the authorities.
Economic affectedness
As in phase III, the economic impact is to be determined by means of a standardised assessment procedure. The companies must prove the economic impact with a forecast calculation. If more than 5 employees are affected by short-time work, a confirmation of the economic necessity and the development of turnover by a tax adviser/a chartered accountant/accountant is also required.
Reimbursement of additional costs by AMS
The employer should continue to bear only the costs for the work actually performed - lost working hours including non-wage labour costs and sick leave will be reimbursed by the AMS.
Willingness for further training
As in phase III, further training will be increasingly promoted - companies will be reimbursed 60% of the costs of further training in addition to the hours lost.
Retention period remains one month
The one-month retention period (for employees affected by short-time work) after the end of short-time work remains in force.
Do you still have questions about short-time work? Our experts Christoph Schmidl and Theresa Arlt will be happy to assist you.
