Articles

Change of generation in taxation

In a company’s change of generation process ownership of a company will be shifted to another generation, family or relatives. Methods of making a change of generation are trade or donation. Change of generation -related tax penalty might be avoided by tax...

Changes in accounting legislation

Bookkeeping Act changed in 1.1.2016 as a result of Financial Statements Directive in 2013. The aim was to reduce especially the administrative burden on small businesses, and to focus on the development of IT equipment in the bookkeeping. Underlying the Directive is...