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Global Update Newsletter

Issue 3 | December 2015

Editorial

Maria Nazario

Greetings!

This issue of Integra’s Global Update is as diverse as our membership. We tackle the Cannabis industry and how it is taxed, we learn more about business opportunities in Mauritius, we get a better feel for the USA’s Affordable Care Act and an insight into an electronic invoice pilot program in Brazil, Argentina and Mexico.

 Integra finishes the year strong. We’ve had great conferences in Houston, Brussels, Dublin and Santiago de Chile; we have added great new member firms; we’ve learned a lot from the A&A newsletter, Inside Integra and the Global update; our ProYou group has made inroads into firm succession; and most importantly we have met and shared insights with each other all while renewing friendships or making new ones.

I have had the opportunity to visit many firms and learn how they operate and the commonalities and differences they each have. Interestingly enough, the firms had much more in common than you might think. Some of the common themes include finding good talent to hire, how to add new partners and succession planning, economic and political changes that affect business, taxation laws and making life/work balance actually work. I want to thank all of the firms that hosted me this year. Your graciousness and attention are very much appreciated. I enjoyed every minute of my trips.

Unfortunately, we have also seen much war and terrorism in some countries this past year. Luckily our Integra family is intact. Please know that Integra will be of service to you during good and bad times. Our commitment to you is to help you grow your international business. In order for you to do that, you need the support of fellow members – please remember to respond quickly to inquiries when you receive them – it may be a great piece of business or it may simply be another member looking for moral support. Both are equally important.

Wishing you much peace and joy this Holiday Season and a very Happy New Year.

Warmest regards,

Maria Nazario

Maria N. Nazario, CAE

Chief Executive Officer, Integra International

Tax Concerns in the Cannabis Industry

Written by Stacey Udell, CPA, ABV, CFF, CVA ( Partner with Gold Gerstein Group in Philadelphia) www.g3cpa.com

In the USA, cannabis is currently classified as a controlled substance. While marijuana businesses are illegal under US federal law, they are still required to pay federal income taxes on their taxable income.   

Read more »
Altheia LeDuc

Mauritius as a Destination or as a Platform for Africa

Written by Shakil Moollan,  (Managing Partner with Moollan & Moollan in Ebene) www.moollanandmoollan.com

If you are looking for excellent business development opportunities, then you should consider Mauritius.With Economic growth gaining momentum in Africa, Mauritius is a hub into that continent.  Mauritius is providing similar quality professional support to become the FDI of choice into Africa.     

Read more »
Nigel Bath

Affordable Care Act - Filing & Reporting Requirements - 2015

Written by William Frank, CPA  (Partner at Gold Gerstein Group in Philadelphia) www.g3cpa.com

Beginning in 2015, applicable large employers (ALE's) are subject to the reporting requirements of the Affordable Care Act. Employers should be preparing now to meet these filing requirements.     

Read more »
Bal Dhesi

Electronic Invoice for International Trade

Written by Oscar E. Mary, CPA (Partner at RCBM in Carrollton, TX) www.rcbm.com.ar

Three Latin American countries are working on a project that would implement the electronic invoice for international trade. Its purpose is to make it easier to exchange information and simplify taxpayers' work and facilitate control. 

Read more »
Simon Cheung

Global Update is a quarterly publication of Integra International intended to keep its worldwide members
and their clients informed and up to date about what’s happening in business matters around the globe.

Editor Maria Nazario  •  Integra (International) Limited, 235 Old Marylebone Road, London, UK, NW1 5QT
 •  Tel: +1 818 406 9090 •  Email: [email protected]