Tomik + Partner SME model: "The right kick in tax optimization"

Mr. Strothenke, competence in restructuring many law firms are on their banners. So do you. What do you think makes Tomik + Partner special on this topic?

For example, design projects are concerned with the permanent reduction of the income tax burden of medium-sized family-owned companies. We are currently implementing some exciting projects for this purpose.

Many entrepreneurs come to us with the question of how they can reduce their company’s tax burden.

If you look around the Internet, there are many tips for this. There are a lot of “tax gurus” who sell methods that we don’t think work and are sometimes dubious. For example.B, we often hear from entrepreneurs that they have been advised that tax optimisation is only possible with foreign cover or with family foundations or cooperatives. From our point of view, this is simply nonsense and it is not what clients imagine under serious advice.

We at Tomik + Partner have always been synonymous with serious and forward-looking advice. That is why we have invested many hundreds of hours in the development of our “T+P medium-sized business model”. The result is an intelligent combination of the tools of German tax law, from which high-yieldentrepreneurs benefit.

It is the toolbox of normal tax law from which we have taken out the special “kick”.

The focus of our consulting is not tax savings at the beginning. We stand out in the fact that for us the economic is paramount. What we plan with our clients must first and foremost make economic sense. Only then will it make tax sense.

That is why we always keep an eye on economic developments and think with foresight and intellect into the topics of our clients. A good economic understanding is the basis for the development of tax-optimized solutions. We therefore consider the sound business training of tax consultants working with us as a success factor in our consulting.

How can you support clients in their economic activities abroad?

Our clients benefit from our membership in Russell Bedford International, a network of independent auditing and tax consulting companies.

It is not only listed companies that have to deal with tax issues with a foreign dimension. A medium-sized company, for example, which supplies goods abroad, must also consider how to do so. And that’s where we come up with our expert advisers on international tax law and our russell Bedford colleagues.

There are special rules in each country that need to be taken into account.

The consultation starts at the second residence on the Mediterranean, goes through the cross-border use of employees and ends with the documentation of international transfer prices: A multitude of tax questions, which are answered quickly and in the interests of our clients through cooperation with colleagues we know well.

What are the focal points of your advice and what are the benefits for your clients?

Regularly recurring consulting topics revolve, for example, around the sale of the company or the succession of companies: In many cases, valuable operating principles are not in the operative company for reasons of liability, but are rented out to them. In this regard, it must be ensured in advance of a transfer that company splits are not accidentally terminated or retention periods from previous designs are violated.

We also support our clients in the purchase of companies, for example by optimising financing. There are a lot of possibilities.

Another important issue is the entrepreneur’s emergency preparedness. There are situations where an entrepreneur is unable to take the lead. Nothing is worse than standing still a company’s tapes because someone can’t sign because, for whatever reason, they can’t be there. For these situations, there are various options for prevention, on which we are happy to advise. Appropriate emergency care is always important to us.

Provision must also be taken to ensure the sudden death of an entrepreneur. Even then, all economic and fiscal issues should be regulated. Wills must be checked .B every few years. What was once regulated no longer has to be right.

Our clients benefit from a holistically thought-out corporate strategy and a forward-looking, perfectly tailored tax strategy that leads to a lasting and serious reduction of the tax burden.

How do you approach design projects?

In a detailed inventory, we deal intensively with the economic goals of the company. How does the entrepreneur plan in the long term? Then we have to answer the question of how to get from A to B without overpaying taxes.

In many cases, we are dealing with a family of entrepreneurs. The company is regularly the most valuable asset. We need to consider how to restructure the company with the family so that it is sustainable. And we need to find solutions that everyone involved is happy with.

Should the company remain in the family or be sold? Issues that entrepreneurs should deal with in good time. Because anything that changes the allocation of assets is tax-relevant. For all these issues, tax law has provided for perks linked to various conditions.

In this process, we are happy to play the consultative and sometimes balancing role. With a great deal of sensitivity, we find out what interests the individual actors have and try to reconcile these interests.

All this must be planned sensibly and proactively and lead to the definition of a common objective. If that is the case, we need to find ways of achieving this objective in a tax-friendly manner. That is what we have specialised in.

What is the need to pay particular attention to this?

Taking into account long-term wealth strategies or developing them with entrepreneurial families is a prerequisite for selecting the right tax design tools. The decision for or against a change in legal form concerns, for example.B, income taxes, inheritance tax, real estate transfer tax – and usually binds for five, seven or even ten years: often two generations are therefore affected, which is an exciting challenge.

This does indeed sound like an exciting and responsible task. Who is implementing this for you?

Yes, this task requires experience. That is why, in addition to my partner colleague Dr. Roland Tomik and myself, other experienced tax consultants, tax specialists and master’s graduates are employed for design consulting. And since our T+P sme model is so well received, we are always looking for new tax experts who would like to support us in advising our clients. It is important to us that they are experienced in corporate tax law and have a high affinity for tax and economic issues.

Thank you Mr. Strothenke for this insight and continued success in the consultation and in the search for qualified new team members!