06

Sep

Outsourcing in Mexico: An obstacle of efficiency?.

In the business circle, subcontracting services has become a tool of great efficiency in the production chain; having an expert ally, responsible for legal, fiscal, and administrative matters, has helped companies fulfill their obligations efficiently.  However, the new structural reform prohibits “the outsourcing,” and it has been  the focus of attention at the business level due to[…]

06

Sep

The most important aspects in a real estate sale.

We continually observe that people involved in a sale of real estate, run into countless questions about whether their assets are protected, how long they will invest and sometimes they come to question whether they should do the operation. If buying real estate brings risks in terms of the physical situation of the construction, state of the[…]

06

Sep

Donees in Mexico: Everything you need to know to become a Non-profit.

In recent years, we have witnessed the transcendence that altruism has had worldwide and everything that can be achieved through it. In our country, acting to help others has been steadily increasing, our society has been more empathetic in contributing to the change to the reality that exists for vulnerable groups. Consequently, different non-profit organizations have emerged,[…]

16

Aug

Labor reform in the area of outsourcing services and its impact on condominiums.

The recent reform – dated April 23, 2021 – to the Federal Labor Law on labor subcontracting brought with it endless doubts and uncertainty for business sectors, service providers, and other institutions to which the law recognizes some type of rights. This acquires significance because the scheme of providing or making available one’s personnel for the benefit[…]

03

May

Cryptocurrencies in Financial Statements

In February this year, Tesla announced the purchase of the $1.5 billion bitcoin cryptocurrency, this as part of its portfolio diversification, which led the world to look at these virtual securities as a form of investment in the quest to grow its money, with this said, the need to register these investments as part of accounting has[…]

21

Dec

2021 Fiscal Reform

2021 FISCAL REFORM   On December 8th, 2020, the Decree reforming, adding, or abrogating certain provisions of the Income Tax Law (ITL), Value Added Tax Law (VATL) and the Federation Fiscal Code (FFC) were published in the Official Journal of the Federation. The main objective of the tax reform is to expand the rights of the tax authorities, including new control measures related to[…]

03

Aug

New Obligations for Donataries Receiving COVID-19 Donations

The tax authority at the federal level publishes rule 3.10.32 which is aimed at: Recipient civil organizations to receive deductible donations Receiving trusts to receive deductible donations whose corresponding corporate purpose or authorized purpose: Medical assistance, rehabilitation are authorized to financially support another civil organization or authorized trust. Two main obligations are stipulated in this rule: 1)[…]

13

Jul

Internal Control in Companies

In Mexico, the life expectancy of businesses depends on the size of the company, according to INEGI, companies with an average of 0 to 2 workers die before the seventh year, while companies with 11 to 15 workers last. up to 15 years. Why? This is mostly because companies that are staffed or are larger, invest in[…]