A crisis must not prevent innovation, looking to the future, or wanting to stay ahead of the competition. Thanks to the resilience of the teams and the digitisation of processes, the 2020 results of the Cofinpar group, active in the automotive and real estate sectors, increased for the 5th year running.
How healthy will your company emerge from the COVID-19 crisis? Check your health with our 7P Diagnostic Tool. Despite the health crisis, some companies are more confident about their growth opportunities than others. Research by BDO Global revealed the reasons. We combined our findings into a 7P model to give you insight into these more successful companies’ priorities and actions. Better yet, our experts have developed a 7P Diagnostic Tool so that you can check your own company’s health and measure it against the market. Go for it!
Beyers Koffie: no people, no cup of coffee! During the COVID-19 crisis, the health and safety of its employees was always the greatest concern of coffee roaster Beyers Koffie. After all, no people means no production. “Therefore, the task was to ensure that everyone stayed motivated and productive despite the strict health measures,” explains CEO Marco Ciaramelli.
You can sit in a corner and cry or make the best of it with all your might. Astra Sweets resolutely chose the latter. The sweets producer did not panic because of the crisis, but it did bring about a shift in some accents in the short-term. Managing Director Ronald Luyckx: “We tried to identify and capitalise on those opportunities that yield short-term results in order to offset the negative impact of the coronavirus crisis on certain market segments as much as possible. That’s in keeping with our no-nonsense culture.” In parallel, Astra Sweets continued to work on long-term strategic projects.
With the ‘P’ of Performance. Despite the health crisis, some companies are more confident about their growth opportunities than others. BDO experts have developed a 7P Diagnostic Tool so that you can check the health/success of your company or organisation and benchmark it against the market. Withdrawing into a corner is certainly not the right answer, as Jürgen Ingels and Marion Debruyne testify. In any case, BDO Belgium is not giving up. Proof of this is its latest acquisition: the Antwerp-based firm ‘Beirens & Wellens’. Even in the new normal, fiscal, social, and political movements continue to drive business and entrepreneurship. This issue of ‘To The Point’ homes in on the impact of the Programme Law, the new law on whistleblowers, the adapted rules for Belgian foundations, the consequences of Brexit on VAT, customs, GDPR and employee mobility, the importance of real-time accounting, and the new tax on securities accounts. Also covered: the BDO Academy, the CSR report, the tax on French dividends, and the sense and nonsense of municipal mergers.
The future is today. At the beginning of April 2021, BDO and the Antwerp accountancy firm ‘Beirens & Wellens’ joined forces. A very conscious and strategically complementary choice. The customers and employees of both players benefit, continuity is assured, the pool of experience and multidisciplinary expertise expands, and penetration in – and proximity to – the Belgian market is strengthened.
Impact of teleworking on international mobility of workers: employment right aspects Authors: Charline Leflot, Advisor BDO Legal, and Lola Degrez, Senior BDO Legal To avoid the spread of coronavirus, a large number of employers around the world have been forced to move their employees to teleworking. This mandatory remote working may impact the situation of certain internationally-mobile workers who now find themselves teleworking on Belgian territory. Let’s address certain employment aspects that may arise due [...]
Working from home: what tax-exempted options does an employer have with respect to reimbursing costs and providing supplies for home offices as from 1 March 2021? Author: Melissa Claessens, Supervisor BDO Tax As from 1 March 2021, the new tax circular (Circular 2021/C/20), created in consultation with the National Social Security Office, comes into force for situations of working from home that have occurred since 1 January 2020. On the basis of this circular, the employer [...]
How do you coach employees and managers in a hybrid way of working? Author: Geert Volders, Partner BDO Strategy & Transformation Coaching and leadership is not an easy given in an environment where all employees work at the exact same time and location, let alone in a situation where the entire team switches to a hybrid working mode, adding an extra layer of complexity. Our Strategy & Transformation experts share their vision on successfully managing [...]
Teleworking and the implications for taxation in the context of company tax How does remote working influence the place where the company’s profits will be taxed? Author: Olivier Michiels, Partner BDO Tax The OECD states that a company is taxable in the country where it is a tax resident unless it has a taxable permanent establishment in another treaty country. The location of the company’s directors/senior management/employees is a crucial element for determining a [...]
