In case of half capital loss, the company is obliged to determine and implement restructuring measures. In practice, quick accounting measures are applied, and companies try to gain time with the hope to avoid legal consequences. The significance of negative reports is played down and this false optimism can have disastrous effects. Especially in smaller circumstances, where there is no auditor to draw the attention of the board of directors to the necessity, the restructuring measures are taken too late. 

At the beginning, an intensive literature analysis will be conducted in order to broaden the understanding of the topic. In addition, the difference between real- and unreal underbalance in connection with their tax effects is explained. The various restructuring measures applicable for companies and trustees represent the main part of the literature review. These are divided into balance sheet and financial restructuring. Finally, the restructuring measures including their tax implications are integrated into an Excel-Tool, which serves as a guide for the conduction of restructurings.

An Excel workbook that can be used as a guide as well as a decision-making and calculation basis for restructurings. In this workbook, the user is guided through the restructuring process. This offers him the possibility to carry out the restructuring in a structured way and to add comments wherever necessary. As an output, the tool generates a loss carry forward table with the help of some input from the user. This shows which profits or restructuring income can be offset against which losses carried forward and finally offers the possibility to present the balance sheet after restructuring. Due to the limitation decisions of the project team, some relevant topics were omitted. For this reason, the project team suggests the following use for the tool. The Excel Worksheet should be included in the company’s closing process for clients at risk of capital loss. In addition, the tool should be continuously adapted or improved. One of the most important aspects, which should be integrated as soon as possible, are any kind of taxes, as well as a tax calculation of the real restructuring income.