Insight

Doing business: reforming to create jobs

January 2018
We have all heard the saying, “what gets measured gets done”. The World Bank Group’s Doing Business report has been measuring the ease of doing business for 15 years, with the goal of helping governments and other stakeholders improve the business climate for domestic small and medium enterprises.

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What is IFRS 16 and what does it mean for your business?

March 2017
IFRS 16 promises major changes in the balance-sheet treatment of leases. Specialist software offers a solution, however. Frédéric Burband of Russell Bedford firm Saint-Honoré Partenaires explains how his company’s Blimp360 programme is helping companies make the transition.

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Cyber resilience - A good place to start

November 2016
The growing recognition that cyber-attacks and data breaches are on the rise puts the onus on all businesses and organisations, in both the public and private sector, to protect their data and their systems from malicious intrusion. Whilst the facts of the recent ABS census debacle are still hazy, you don't have to be as prominent as the ABS to be of interest to tech-criminals.

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Why should a CPA firm join a national or global network?

November 2016
Some accounting firms believe they would not survive without a national or international affiliation; others have never considered the option of joining. Are some firms missing out on an opportunity? Business World asked Bill Rucci, president of CPA firm Rucci Bardaro & Falzone, for his views.

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Doing business in Mexico - a destination for growth

September 2016
Its economic and political stability, low inflation and strong economy make Mexico one of the world's most competitive countries for inward investment. It has one of the most open economies in the world having struck free-trade agreements with 44 countries across North America, Latin America, Europe and Asia.

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ISO 9001 - would your business benefit?

September 2016
When your business operates in a competitive market it is sometimes not enough to have a good product - your business may need to stand out in other ways too. One way of differentiating your business from the competition is by offering high-quality service, but how do you demonstrate this to potential customers who are yet to use you?

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VAT fraud - protecting your business

September 2016
European Union (EU) rules allow a VAT registered business to deduct input VAT (the VAT a business pays on goods and services that it acquires) provided the business uses the purchase in transactions for which it charges output VAT.

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Three steps to coping in a downturn

March 2016
Since 2008 businesses around the world have had to cope with economic difficulties. Some economies suffered more than others. Some recovered quicker than others. Some are still recovering. Although the global economic crisis may have been painful, it was also an education and there are lessons we can all learn about coping in a downturn.

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Turbulence is the new normal

March 2016
Dramatic changes are sweeping the global economy as businesses, governments, and the public sector struggle to adapt to a state of near-constant flux. Against this backdrop, the Association of Chartered Certified Accountants (ACCA) has been looking at what the future could look like, and how the accountancy profession can influence that future, and best support businesses.

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Italy - an enticing business destination

March 2016
Italy is home to some of the world's most famous brands: Ferrari, Armani and Barilla to name just three. But Italy is more than big brands: small and medium enterprises thrive here. Anyone looking to set up business in Europe should definitely look at Italy.

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Buy-sell agreement - put it on your to-do list

March 2016
Of all the business protections that companies routinely have in place, the one that seems to get the least attention is the buy-sell agreement. Business advisers observe that existing buy-sell agreements often go stale more quickly than most business owners imagine, especially when it comes to determining the value of their individual stake in their own business.

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Going public - is an IPO an option for your business?

March 2016
Global activity in initial public offerings (IPOs) has soared in the past three years. In 2015, businesses raised more than US$180bn through IPOs, twice as much as in 2012. Although not right for all businesses, with market momentum strengthening many companies will consider going public. For a growing business that is well-prepared, an IPO can provide the capital it needs to boost development.

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Shanghai is open for trade

September 2015
The China (Shanghai) Pilot Free Trade Zone (FTZ) officially came into being on 29 September 2013. This was a significant move for China, designed to cement its global trade position. Just over a year later, further steps were announced to help the FTZ achieve its objectives.

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Optimising the sale of your company

September 2015
To achieve the best possible return on the sale of your company, the first step you must take is to set the highest possible asking price. However, you can only do this once you've laid the groundwork and put yourself in a solid negotiating position. Having done this, you must then plan your sale so you pay no more tax than you need to pay once the sale goes through.

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Chile - a rocky ride to a brighter future

September 2015
Right now Chile is making the move from a middle-income to high-income country. The changes necessary for that transition, especially with regard to education, labour and fiscal policy, are making for a turbulent ride - although they are nothing more than what developed economies have been through already.

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Transfer pricing and SMEs in Europe

September 2015
The pace of globalisation continues to accelerate and with it world economies become even more interlinked. This is often characterised by a strong contrast between multinational enterprises (MNEs) and small and medium-sized enterprises (SMEs): MNEs account for around 60% of global trading transactions while SMEs focus more on internal markets. Indeed, a European Commission report from 2011 showed that although SMEs in Europe accounted for 99.8% of all companies, only 5% said they had overseas subsidiaries or joint ventures. On the other hand, that is still more than 1.2m companies.

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Say Hello to the Elephants Quadrant Four: Sustainability

September 2015
We all have elephants - professional or personal problems, needs or truths that we ignore, usually to our detriment. In Say Hello to the Elephants, I offer a powerful system for confronting issues, along with tools to address problems, achieve clarity, and make decisions. I call this system Quadrant Thinking. In this, the last of four articles, I present an overview of Quadrant Four: Sustainability.

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Accounting for post- employment benefit plans

September 2015
International Accounting Standard 19 (IAS 19) prescribes the way in which employers must account for and disclose employee benefit liabilities. The Standard establishes the principle that employers incur the cost of providing an employee benefit at the point an employee earns it rather than makes use of it.

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Belgium - heart of Europe

March 2015
Belgium is a federal monarchy comprising three regions: Dutch-speaking Flanders, mostly French-speaking Wallonia, and Brussels, the officially bi-lingual but mostly French-speaking capital city. Belgium's cultural and language differences are reflected in its political history and complex system of government.

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FATCA - impact on businesses and individuals

March 2015
US citizens must pay tax on their worldwide incomes regardless of where they live. In an attempt to make it more difficult for US citizens to evade tax by investing offshore, the US Treasury and US Internal Revenue Service (IRS) created a new withholding tax regime. The Foreign Account Tax Compliance Act (FATCA) became effective on 1 January 2013.

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Doing Business 2015: going beyond efficiency

March 2015
Reforming in any area of government policy is a challenge. Business regulation is no exception. Doing Business 2015 - the 12th in a series of annual reports published by the World Bank Group - looks at regulations that enhance business activity and those that constrain it around the world.

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Getting yourself known

March 2015
If you are a newly-launched small or medium-sized business the chances are you do not have a big marketing budget to promote yourself. So if you do not have large amounts of money to invest in high-cost promotional strategies, you need to look at investing time in low-cost, or even free marketing activity. In this article we will take a high-level look at a few key areas.

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Britain is Great for business

September 2014
The UK is one of the most prominent business locations in the world and has the highest level of inward investment in Europe, an endorsement of its business-friendly environment. The UK's open market offers a first-class business infrastructure, a highly skilled labour force, excellent transport links, and much more.

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International employment - avoiding the pitfalls

September 2014
The world is a much smaller place than it once was. Technology has globalised business and recruiting overseas is no longer the sole preserve of the multinational corporation. All businesses - SMEs included - may find themselves needing to employ overseas talent.

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Accounting in the Cloud

September 2014
When looking for a robust and efficient accounting system, most small and medium businesses have chosen a proprietary software package and installed it on a PC or local network. However, improvements in the speed and stability of the Internet have brought online Cloud alternatives to the forefront of accounting technology.

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Say Hello to the Elephants - Quadrant Two: Solutions

September 2014
We all have elephants - professional or personal problems, needs or truths that we ignore, usually to our detriment. In Say Hello to the Elephants, I offer a powerful system for confronting issues, along with tools to address problems, achieve clarity, and make decisions. I call this Quadrant Thinking. In this, I present an overview of Quadrant Two: Solutions.

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