Nowadays the world is dabbling in a globalized economy with continuous change, for that reason the Congress issued Law 1419 in 2009, with the aim of standardizing the criteria for the presentation of financial information and facilitating their analysis and understanding.

In 2009, the Dutch government introduced attractive tax measures in order to create a competitive tax regime in the country and reward entrepreneurs who invest in their business operations in an environmentally friendly way.

June and July is a very well known period for submitting transfer pricing reports before Mexican (and many others) tax authorities and, as every year, many of them will try to prove that services rendered between related parties are according with arm´s length principle.

It would be hard to imagine a small and mid-size business which had never suffer from cash-flow shortage. One can even say that it can be business owner’s big “enemy”. Recurring to credit, or even adopting a more complex solution like raising capital, can work in short term, but it won’t resolve cash-flow problems by itself.

Last century, computers were considered to be a mere tool for mechanising companies’ administrative processes, and therefore the responsibility for computer systems fell mainly to the accounting and finance departments, as they were considered to be just another expense to the entered into the company results.

Accountants and managers of financial information are professionals within national and international organizations whose statutes and strict codes of ethics point out the public interest of their functions. In Spanish accountants’ case, gathered into the Institute of Chartered Accountants of Spain, we are part of the International Federation of Accountants (IFAC), composed by almost three million professionals worldwide.

Intra-Community transfers are a particular way of supplies in the EU, which are often overlooked in practice because there is no compensation.

This year we have been constantly working with problems related with the word sustainability, which has made us understand and assimilate it as our own. Today we reiterate that our work helps to the improvement of our country; it is worth remarking that sustainable does not only refers to the ecological aspect, like most people think, it is aimed at a most poetic sense of meaning: to create a better world to live.

The sale of a family company is, at times, the only way to ensure its continuity. The difficulties in passing on an entrepreneurial spirit to the next generation and the existence of conflicts arising from the lack of communication skills among the members of family companies are among the reasons for some of them being sold.