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We provide insight and advice on business-related topics such as accounting practices and tax optimization. Our specialists share their experiences and solutions to financial and business challenges.

Entrepreneurship
Earn-out in business sales: assessment basis
An earn-out is a combination of a fixed payment and a success-dependent additional payment, which is helpful when no agreement on the purchase price of the company is reached. The amount of the earn-out is based on comprehensible, established business management metrics to ensure fair incentives for both buyers and sellers.
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Entrepreneurship
Earn-out in company sales: Advantages and disadvantages
An earn-out allows the continuation of purchase negotiations through a combination of fixed payment and performance-based additional payment. This can minimize risks, but also increase the price and make restructuring more difficult.
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Entrepreneurship
Earn-out in business sales: General information
An earn-out helps in price negotiations when buyers and sellers have different company valuations. This clause divides the purchase price into an immediate payment and a success-dependent additional payment.
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Accounting
Methods of Business Valuation: Business Value and Sale Price
The company value is central to sales negotiations, but is significantly influenced by subjective factors. Sales price and company value often differ, depending on the type of buyer.
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Accounting
Methods of business valuation: multiplier approach
The company value is central to sales negotiations and can be determined using methods such as discounted cash flow and the multiplier approach. The latter uses comparative data from similar companies and is especially suitable for plausibility checks.
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Accounting
Methods of Business Valuation: Liquidation Value
The liquidation value of a company is determined by valuing all assets minus debts and costs, used when other methods show lower values. It serves as the minimum value for sales decisions.
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Accounting
Methods of Business Valuation: Earnings Value Approach
The income approach calculates the company value based on future, adjusted operating profits. It discounts these profits with the risk-adjusted cost of equity.
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Accounting
Methods of business valuation: Discounted Cash Flow method
The company value is central in sales negotiations and can be determined using various methods such as the Discounted Cash Flow. This DCF method is based on discounted future earnings and requires extensive data analysis.
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Taxes
Federal Court declares vote on marriage penalty initiative invalid
The marriage penalty results in married couples being at a tax disadvantage, which led to a narrowly rejected popular initiative in 2016. In 2019, the Federal Court declared the vote invalid due to significant information errors.
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