Family Business

Family Business

You have very specific requirements and high expectations of yourself and others in your business and surrounding environment. We focus on the objectives, and support you in partnership with the (tax) issues that are relevant to family businesses.

With KPMG Direct Services, we provide reliable answers to your specific questions – efficiently and with cost transparency.  With specialist knowledge, sensitivity and great respect for the personal accomplishment of family entrepreneurs, we support you with our solutions.

Securing what has been achieved for future generations is a core issue for family businesses. This makes it all the more important to identify risks at an early stage and manage them in a targeted manner – especially since family businesses are also subject to increasingly complex requirements, for instance due to the German Accounting Law Modernisation Act (BilMoG). Efficient risk management is essential when it comes to your assets and capital. We can assist you with our precisely tailored services, IT solutions and quick checks.

Compliance | IT Solutions

KPMG DAC6 Processor - Trial Version

Analysis and management of reportable transactions under the DAC6 EU Directive

  • Fully functional trial environment
  • Fictitious master data for testing purposes
  • Most recent questionnaires based on the EU Directive
  • Great flexibility through adjustable workflow and stage concept
Tax Advice | Compliance

Quick Check for Intercompany Financing Transactions

Putting internal financing to the test.

  • As-is analysis of transfer pricing methodology and documentation
  • Vulnerability analysis
  • Focus on loans, cash pooling and guarantees
IT Solutions

KPMG Valuation Data Source

Relevant cost of capital parameters at a glance.

  • Aggregated cost of capital parameters
  • Valuation dates from 2012 until today
  • More than 150 countries available
Compliance

IAS 12-Compliance-Quick-Check

Presenting income taxes correctly in IFRS financial statements is a complex matter. Our experts will show you where you stand. 

  • Review of correct entry of actual and deferred taxes
  • Completeness of disclosures in the notes
  • Identification of specific issues, e.g. loss history, estimated need for action (according to traffic light system)
Tax Advice

Property tax – obtaining clarity already prior to reform

Prepare yourself for property tax reform with this inhouse workshop

  • Half-day workshop in-house
  • Analysis of your current property tax situation
  • Implications of property tax reform
Tax Advice

Preparation of benchmark analyses

Using benchmark analyses to document that transfer prices are at arm's length.

  • Developing a search strategy
  • Systematically screening company data
  • Preparing a benchmark report
Tax Advice | Training & Education

Employee retention programs under the “tax loupe”

Selected employee incentives in a tax context

  • Half-day workshop in-house
  • Analysis of the components or your employee retention program
  • Examination of current legal changes
Tax Advice

Brexit Quick Check

Potential customs effects of a hard Brexit.

  • Preparation and analysis of your Intrastat data (or comparable data)
  • Hard Brexit cost simulation (customs duties/customs declaration costs)
Compliance

Preparation of VAT and income tax returns

Meet all of your main tax return obligations at once and gain time for what really matters.

  • Preparation of income tax and VAT return
  • Kick-off call, including schedule coordination
  • Data request and plausibility check of data made available
  • Electronic submission to the tax office
Compliance

Preparation of income tax returns

Efficient processes based on practice for use in practice. Our basic package includes:

  • Preparation of corporate income tax return
  • Preparation of trade income tax return
  • Kick-off Call, including schedule coordination
  • Data request and plausibility check of data made available
  • Electronic submission to the tax office
Compliance

Preparation of VAT return

Extensive range of services for preparing your VAT and income tax returns. Our basic package includes:

  • Preparation of VAT and income tax returns
  • Plausibility check of data made available
  • Validation of the value-added tax return (VAT return) against financial statements
  • Electronic submission of the tax office
KPMG Law

Trademark protection 360

Nowadays, trademarks are more than company logos or product labels. They can provide you with the crucial competitive edge that needs to be protected.

  • Registering trademarks with the German Patent and Trademark Office DPMA, EUIPO, WIPO
  • Monitoring the relevant deadlines
  • Representing the client before trademark offices
IT Solutions | Compliance

VAT-Web | value added tax return at a glance

Meet all requirements for your value added tax return efficiently and easily with VAT Web.

  • Digital VAT declaration
  • Consolidation of VAT groups
  • Data import from ERP system
Tax Advice

Production Site Check

Risk analysis for unwanted permanent production site establishment across the entire group structure.

  • Evaluation of sales, procurement and warehouse structures
  • Risk categorisation
  • Recommended actions
  • Reference to double taxation
Tax Advice

FTA Health Check

Ensure group-wide compliance with CFC tax rules.

  • Documentation of compliance with FTA legal requirements
  • Release of liability due to establishment of corresponding analysis processes
Tax Advice

Tax Compliance Management System – Quick Check

Enables a comprehensive overview of your current Tax CMS status according to IDW PS 980.

  • Reliable assessment
  • Basis for deducting specific measures
  • Legal certainty
Compliance

Financial Accounting Services

You can count on us for all your contemporary accounting needs.

  • Transaction allocation and booking
  • Compliance with German accounting standards (GoB/GoBD)
  • Preliminary VAT declarations
Compliance

Annual Financial Statements

We take care of all commercial annual statement-relevant preparation tasks.

  • Balance sheet
  • Profit and loss statement
  • Note to financial statements
IT Solutions | Compliance

Taxometer – Electronic financial statement („E-Bilanz“) made easy

Efficient and process-oriented software for a sustainably successful E-Bilanz project.

  • Hierarchical mapping
  • Extensive input validation
  • Review and submission: simple and secure

Money is a sensitive issue. It harbors  high potential for conflict, which can have serious consequences for family businesses. In order to avoid disputes, clear rules are important – for instance in respect of succession, long-term capital preservation or tax structuring. We advise you comprehensively and carefully on all strategies for family investments. You favor short channels? Book our services directly online now.

IT Solutions

KPMG Valuation Data Source

Relevant cost of capital parameters at a glance.

  • Aggregated cost of capital parameters
  • Valuation dates from 2012 until today
  • More than 150 countries available
Compliance

Standard accounting for foundations

Efficient compliance with requirements of foundation supervisory authorities and the tax office.

  • Accounting
  • Preparation of financial statements
  • Income tax returns
IT Solutions

KREO – Value Based Analytics for procurement and supply chain management

Create transparency, reduce costs and increase efficiency

  • Direct data extraction from ERP
  • Categorization of requirements
  • Identification of savings potentials
Tax Advice

Production Site Check

Risk analysis for unwanted permanent production site establishment across the entire group structure.

  • Evaluation of sales, procurement and warehouse structures
  • Risk categorisation
  • Recommended actions
  • Reference to double taxation
Tax Advice

Tax Compliance Management System – Quick Check

Enables a comprehensive overview of your current Tax CMS status according to IDW PS 980.

  • Reliable assessment
  • Basis for deducting specific measures
  • Legal certainty
In-house training courses

Fit for BEPS – In-house tax workshop

Understand the risks and opportunities of the BEPS initiative on your business.

  • BEPS knowledge at a glance
  • Knowledge building to identify tax-related opportunities and risks
  • Develop strategies for action
IT Solutions | Compliance

Taxometer – Electronic financial statement („E-Bilanz“) made easy

Efficient and process-oriented software for a sustainably successful E-Bilanz project.

  • Hierarchical mapping
  • Extensive input validation
  • Review and submission: simple and secure
Web seminars

Yearly Tax Update subscription (4 webinars)

Currently applicable corporate tax law-relevant legislation, jurisdiction and administration.

  • Quarterly update of current tax in German developments
  • Available as live webinar and video-on-demand
  • Course language: German

Securing the future: Family businesses have their own time horizon – also in terms of growth. Sustainable growth is decisive for long-term success. It is therefore important to identify market opportunities very specifically and to drive expansion with the right strategies – whether on the national or international stage. We help your project to gain momentum quickly and directly, using precisely tailored services for all growth targets.

IT Solutions

KPMG Valuation Data Source

Relevant cost of capital parameters at a glance.

  • Aggregated cost of capital parameters
  • Valuation dates from 2012 until today
  • More than 150 countries available
Compliance

IAS 12-Compliance-Quick-Check

Presenting income taxes correctly in IFRS financial statements is a complex matter. Our experts will show you where you stand. 

  • Review of correct entry of actual and deferred taxes
  • Completeness of disclosures in the notes
  • Identification of specific issues, e.g. loss history, estimated need for action (according to traffic light system)
IT Solutions

KREO – Value Based Analytics for procurement and supply chain management

Create transparency, reduce costs and increase efficiency

  • Direct data extraction from ERP
  • Categorization of requirements
  • Identification of savings potentials
IT Solutions

TrAction – Manage complex projects and achieve real results

Achieve real results with speed and safety that set new standards.

  • Web-based and mobile software
  • Planning and activity tracking
  • Flexible performance measurement systems
  • Individual ad-hoc reporting
Tax Advice

Income tax audit of a profit and loss transfer agreement

An effective profit and loss transfer agreement is the basis for income tax consolidation.

  • Audit of the PLTA
  • Identification of risks
  • Recommended actions
Tax Advice

FTA Health Check

Ensure group-wide compliance with CFC tax rules.

  • Documentation of compliance with FTA legal requirements
  • Release of liability due to establishment of corresponding analysis processes
Tax Advice

Production Site Check

Risk analysis for unwanted permanent production site establishment across the entire group structure.

  • Evaluation of sales, procurement and warehouse structures
  • Risk categorisation
  • Recommended actions
  • Reference to double taxation
IT Solutions | Compliance

V.I.S. – The Value Added Tax Identification Number Information System

V.I.S. checks VAT ID numbers and corrects address errors.

  • Monitor VAT IDs
  • Validation of customer address and corresponding VAT ID
  • Quick address data update
  • Automatic request for a written official confirmation possible with V.I.S.
IT Solutions | Compliance

Taxometer – Electronic financial statement („E-Bilanz“) made easy

Efficient and process-oriented software for a sustainably successful E-Bilanz project.

  • Hierarchical mapping
  • Extensive input validation
  • Review and submission: simple and secure
Tax Advice

Tax Compliance Management System – Quick Check

Enables a comprehensive overview of your current Tax CMS status according to IDW PS 980.

  • Reliable assessment
  • Basis for deducting specific measures
  • Legal certainty
In-house tax workshop

Fit for BEPS – In-house tax workshop

Understand the risks and opportunities of the BEPS initiative on your business.

  • BEPS knowledge at a glance
  • Knowledge building to identify tax-related opportunities and risks
  • Develop strategies for action
Web seminars

Yearly Tax Update subscription (4 webinars)

Currently applicable corporate tax law-relevant legislation, jurisdiction and administration.

  • Quarterly update of current tax in German developments
  • Available as live webinar and video-on-demand
  • Course language: German

A new phase: The transition of the family business from one generation to the next is imminent. In order to ensure business success for the future, the succession must be carefully planned. If no family member is willing to continue the business, a sale may also be considered in certain circumstances. Are you seeking a sound basis for your decision-making? Our experts will provide you with comprehensive advice on the sensitive issue of exit.

Tax Advice

Exit Readiness Assessment

Identifying required actions in terms of tax for planned M&A processes.

  • Workshop to identify relevant issues for a possible sale
  • Determining required actions
  • Developing possible solutions
IT Solutions

KPMG Valuation Data Source

Relevant cost of capital parameters at a glance.

  • Aggregated cost of capital parameters
  • Valuation dates from 2012 until today
  • More than 150 countries available
IT Solutions

TrAction – Manage complex projects and achieve real results

Achieve real results with speed and safety that set new standards.

  • Web-based and mobile software
  • Planning and activity tracking
  • Flexible performance measurement systems
  • Individual ad-hoc reporting
Compliance

IPO Readiness Check

Systematic determination of the capital market maturity from a 360-degree perspective.

  • The most extensive range of skills on the market
  • Team with transaction experience and comprehensive expertise in all relevant topics
  • Direct access to approx. 250 institutional investors worldwide
Tax Advice

Tax Compliance Management System – Quick Check

Enables a comprehensive overview of your current Tax CMS status according to IDW PS 980.

  • Reliable assessment
  • Basis for deducting specific measures
  • Legal certainty
Web seminars

Yearly Tax Update subscription (4 webinars)

Currently applicable corporate tax law-relevant legislation, jurisdiction and administration.

  • Quarterly update of current tax in German developments
  • Available as live webinar and video-on-demand
  • Course language: German