Startups
Individual Startup assistance
For founders, taxes and accounting are rarely the first things they think about when starting a business. We provide an overview of the figures behind innovative ideas. ECOVIS sees the consulting of startups as an investment in future entrepreneurship and therefore offers special consulting packages for startups.
ECOVIS Austria supports many female entrepreneurs (or “fempreneurs” for short), female-owned startups and individual entrepreneurs. ECOVIS Austria accompanies numerous female entrepreneurs from their foundation to their expansion. Apart from that, we recommend and host various events for fempreneurs together with our partners.
Our advisors and experts are always available to help you with any questions you may have about founding a company and far beyond. Due to our many years of experience in the startup sector, you can rely on us to accompany you throughout the entire life cycle of your startup:
- Foundation (e.g. preparation of business plan, choice of legal form, dealing with costs prior to the foundation, IP status, employment of first employees, organisation of accounting and payroll).
- Development and growth (e.g. tax compliance including treatment of startup subsidies, employee share ownership schemes, financing through grants, capital increases and convertible loans, establishment of subsidiaries in the course of expansion and internationalisation)
- Exit (e.g. tax analysis of exit options, exit costs)
In addition, as part of an international advisory network, we offer our clients strong local partners who draw on the know-how and back-office of the entire group of companies – including locations in other European countries and on other continents. Globally, ECOVIS is present in over 80 countries in Europe, Asia, the USA, South America and Australia with a total of almost 9,000 employees. Every client has his or her own personal contact person. For us, this is a prerequisite for continuous and high-quality advice and support.
Finally, we also advise numerous investors in startups (e.g. type of investment in the startup, tax aspects, exit costs, etc…). Our consultants and experts are available to answer investors’ questions regarding investments in startups.
Our services
Ongoing accounting during the year primarily serves to inform the entrepreneur. We take over the management of your accounting and provide detailed reports, which are prepared according to your wishes and requirements.
Accounting
- Monthly processing of all documents and records
- Open item management of debtors and creditors
- Monthly balance lists and other evaluations
- Preparation and transmission of monthly advance turnover tax returns
- Preparation of other reports (e.g. recapitulative statement)
- Optional: External access to accounting inclusive evaluations
Payroll
- Payroll accounting
- Registration and deregistration of employees with the Social Security Institution
- Preparation of bank transfers (payment slip or disbursement journal for telebanking)
- Preparation of all monthly forms or declarations required by law
- Preparation and dispatch of monthly payslips
- Annual wage slips and annual wage accounts for employees and employers
Annual financial statements and tax returns
- Preparation of annual financial statements (balance sheet, profit and loss account and notes)
- Preparation of necessary tax returns (e.g. corporate tax return, value added tax return)
- Preparation of the circular resolution
- Examination of tax assessment
- Submission of tax returns to the tax office
- Disclosure of the annual financial statements to the commercial register
Ongoing advice and support
- Handling of tax audits
- Tax planning
- Support with startup issues (e.g. capital increase, convertible loans, employee participation programmes, startup subsidies, etc…)
- Cross-border expansion
