Value Added Tax (VAT), known in Mexico as Tax on Value Added (IVA), is one of the most common indirect taxes worldwide. It is charged on the sale of goods, provision of services, and importation of products. But while businesses and individuals pay VAT in most...
Introduction: Many business owners trust their accountant to provide them with all the information they need to make decisions, but the reality is different: most accounting firms focus on complying with the SAT (Tax Administration Service), not on providing management tools...
Introduction In the Mexican accounting world, the Mexican Financial Reporting Standards Council (CINIF) is the standard-setting institution. It is the independent body that issues the Financial Reporting Standards (NIF), which guarantee the...
In a globalized world, multinationals face increasing tax scrutiny. Base erosion and profit shifting (BEPS) has led the OECD and the G20 to design a 15-action plan that...
Running a business goes far beyond selling a product or service. A successful entrepreneur understands the importance of accounting, financial statements, financial analysis, taxes, and internal controls, as all of these elements make up the...
