Types of cash flows: operating, investment, financial
You count the money at the end of the month and see that the expenses are more than the income, which means that it has gone into negative territory. I…

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Auditor VS Management company: when which instrument to choose
Let us recall that in addition to the general meeting of its members, the board of directors and the director, the structure of the company's management bodies can include the…

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How do I get multiple deductions in one year?
Let us remind you that the tax deduction gives you the right to return the income tax previously paid to the budget or reduce the tax payable. You can get…

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7 financial risks in business that can be worth millions
There are always risks in business, and there are many of them. Some cannot be influenced, for example, if the summer in the region turned out to be dry, agribusiness…

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Let's break it down into ions: writing off perishable food
The life cycle of a perishable can be from several hours to several years, but the shorter it is, the higher the risk of write-offs, so management must be clearly…

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Monthly Archives: January 2022

Cancellation of imposed insurance

The problem with the imposition of insurance on citizens has been taking place for more than a year. Anyone who has ever had to take a loan knows that the bank manager stubbornly offers insurance services to the last. The reason is simple – it is an important source of income for banks.

But formally do not dig: the bank and the insurance company are different legal entities. Theoretically, you can insure in any company. But only with the approval of the loan then problems may arise. But in person, and even more so in writing, no one will confirm that the denial of a loan is associated with the choice of another insurer. Continue reading

Management company for business: opportunities, options and risks

The inclusion of a management company in the legal business model is a common phenomenon. As a rule, the management staff of a business is one and it is impossible to divide it between companies. This always leads to the need to search for such a management option, when the owner retains control and influence both on the entire business as a whole and on any of its segments. Despite the economic independence of each subject of the group. This is how a common management company appears. But, as always, important nuances cannot be dispensed with. Continue reading

Tax-free transfer of property in business: which instrument to choose?

Why might a tax-free transfer of property be required? The change of ownership of property by concluding a sale and purchase agreement is recognized as a sale and entails the need to pay VAT and income tax (when applying the general taxation system). In the event that the property is transferred in a single group of companies, the occurrence of tax liabilities is highly undesirable: in fact, the property remains in the ownership of the same beneficiary, and taxes must be paid. In addition, a tax-free transfer (change of ownership) of property in a group may be required:

To increase the level of property security. Obviously, “vital” property for the business should not be in the operating sector. Continue reading

Mistakes and risks of financing in the group of companies
You may already be familiar with our analytics on allegations of artificial business splitting, which covered all tax arbitration disputes in the context of "business splitting" in a complete manner.…

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Not a single share ... And again about the motivation of top managers
Increasingly, we are faced with a request from business founders: we want to give top managers shares so that they receive a percentage of profits and are associated with the…

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Building material for the Group of Companies
Medium business cannot successfully exist within a single legal entity. A group of subjects is always required, otherwise it is impossible to resolve individual issues of property, management and other…

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