Management control also means making sure the company is always able to meet payments. That includes efficient payment traffic and making the best possible use of available cash. Liquidity management sometimes operates within a very short-term horizon. Expected cash flows are calculated on a daily basis, and projected for a period of 6-12 weeks going forward. An intelligent link with corporate planning is needed here. We offer concepts and solutions that enable you to set up goal-oriented cash management.
Change in VAT Rate and IT Implementation
In view of the Corona crisis, the German government in form of the coalition committee agreed on 3 June 2020 on a comprehensive economic stimulus and crisis management package. One of the tax measures is the temporary reduction of the VAT rate from 19 % to 16 % and from 7 % to 5 % from 1.7.2020 to 31.12.2020. ...read more