This article was first published in Russian on 9 November, 2017 in the journal «Бухгалтерский учет» under the title “НАЛОГОВЫЕ РИСКИ РАБОТЫ С АГЕНТАМИ И ИНЫМИ ПОСРЕДНИКАМИ.”
Most companies in Russia work with agents in some manner. There are significant and real tax risks that these companies should take into consideration. Continue Reading
Let’s talk about what really interests you.
What’s the easiest way to compare prices for basic service packages?
Will a service provider be able to handle your project?
Why are the qualifications of the accounting provider of secondary importance?
How can you ensure that a service provider will not make mistakes?
What remains if you set aside marketing?
Audit results can and should be used to further develop the organization audited. But how can you find an auditor who can help make this happen? How will the auditor do it and what can they offer you? The Director of the NGO, Forest Stewardship Council (FSC Russia), Andrey Ptichnikov and the organization’s Chief Accountant Elena Vizintal shared their experience in finding an auditor who was right for the job. Continue Reading
There are more reasons than these, but these are the most important.
Reason 1. Know your risks
Every year, dozens of amendments to Russian tax legislation are signed into law: new taxes, altered rates, new reporting forms, etc. In 2017, among other things, the proportion of the distribution of profit tax between the federal and local budgets changed, and the Federal Tax Service started administering insurance premiums instead of the Russian Pension Fund. Now only 50% of previous year’s losses may be claimed as deductions to the taxable base of the current tax period (2017). Two out of ten of our clients did not hear anything about this before meeting with me. Continue Reading
When starting a business in Russia, it is worth paying attention to the registration process, as mistakes made at this stage have the potential to negatively affect all further work. How can foreigners ensure that their business launches successfully in Russia? Chet Bowling, Founder and Managing Partner of Alinga Consulting, offers some advice. He has been advising foreigners in Russia for more than 20 years, with his company providing legal support and outsourced accounting and audit services since 1999. Continue Reading
Denis Vasilev, attorney, partner at Podolsky, Vasiliev & Klein. More than 20 years of experience working with major Russian and international companies on issues of corporate structuring, taxation, real estate, as well as contract and financial law.
A lawyer’s advice to Russian subsidiaries of foreign companies, foreign managers in Russia, and Russian businesses and individuals with foreign accounts and companies.
How do you choose a lawyer to represent your interests in court, prepare contracts, verify the purity of transactions, and ensure compliance? What do you do if you need a trusted, competent firm, but the services of the Big Four are too expensive? Any company with an interest in quality legal support at a reasonable price asks itself these questions. We asked Denis Vasilev, partner at Podolsky Vasiliev Klein, to help us answer them. Vasilev has spent more than 20 years working with major Russian and international companies on issues of corporate restructuring, taxation, contract law and court representation.
What advice will we receive from an expert who has deep inside knowledge of how the legal system functions?
I frequently talk to CEOs of foreign companies operating in Russia, and with increasing frequency, we discuss how to reduce the cost of attracting new customers and keep the loyalty of existing ones. In solving these issues for Alinga I have developed an approach that has proven results: a quarter of our potential customers become actual customers, and more than half of them come back to us again. So I often tell people what I’m about to tell you.
There are three rules to client outreach that I hold to and that I teach my team. Continue Reading