Pre-financing of corona short time working
26.126 companies have made an application for short time working since mid of March. Only 6.641 of these requests have been approved. Many of them need to be adapted – therefore, the approval from the Unemployment Agency will be further delayed for most of the establishments. In order to ease the “pre-payment” of the salaries […]
Fixed costs support starting April, 15th
Starting April, 15th applications for „fixed cost support“ („Fixkostenzuschuss“) from the Corona Support Fund can be made. It is required to show the fixed costs or the profit loss, which should be supported. In addition, it has been announced that a confirmation from the tax advisor will be needed and has to be attached. We […]
€ 3.000,- Bonus tax free in 2020
Bonus payments due to COVID-19-crisis will be tax and social security free in 2020 – up to € 3.000,-. Bonus payments and allowance payments, that the employer is paying due to COVID-19-crisis will be tax free in 2020 – up to € 3.000,-. In order to this being applicable, however, this has to be an additional […]
Corona – Short time work: The full package for you!
The corona short time work can be a very good possibility to protect your company and your employees – and, therefore, also the Austrian economy – from the immense impact the current crisis has. Many of the “rules” in regards to short time working, such as the requirements, application process, agreement with employee, etc. have been […]
Our digital services: Easy to use from homeoffices
Our current life is dominated by one topic: the corona virus. The necessary limitations, such as the social distancing, are challenging to all of us. Our communication – both in private and business life – has changed, using now different and rather new channels. Kindly be informed that our offices are currently also closed to […]
A small change, a major impact – the “control sixth”
Within the „Steuerreformgesetz I2019/20“ a supposing minor change has been made, which, however, has a major impact on payroll processing. Generally, the two special payments (holiday payment and christmas bonus) can be considered with a lower tax rate (of 6%; up to a certain amount, instead of the taxation according to tax scale). In addition […]
Update on „Corona-Kurzarbeit“ – short time work and other cost reduction measures
In order to soften the economic impact the current corona crisis has, the Austrian Government, Labour Unions, and Chamber of Commerce have agreed on a new „support package“ for short time working. The “AMS”, the Unemployment Agency refunds the employer not only social security contributions, but also non-wage labour costs, as well as parts of […]
COVID-19: Do I have to close my business?
On Sunday, Austrian authorities have announced multiple measures in order to reduce the risk of infection. Most entertainment and sports establishments, as well as stores and restaurants, have to close. What this means to your business and employees, can be read here. In order to reduce the risk of infection for persons in Austria, Austrian […]
Corona Crisis – We keep you updated
Turbulent times we are in. The legal situation is constantly changing. New possibilities to bridge liquidity squeezes are announced and adopted continuously. We aim to keep you updated as proper as possible. Therefore, please find here our summary of „Corona-Kurzarbeit“ including rules and links to application forms. The news-area on our website we update continuously. Even more […]
Corona infection
In order to quickly aid in reducing the spread of the Corona infection, we are following the strict measures introduced by the Austrian government and are reducing our personal social contact as much as possible. Our employees will, until further notice, almost exclusively be working for you while on home office. It follows that instead of […]