St. Louis, Missouri, USA skyline at sunset, taken from the water.

Keys to Successful Transition Planning

A CPA firm, just like any of our corporate clients, is a business first and foremost. Like any thriving business, succession planning considerations should be a component of overall strategic planning. For transition plans to be successful, the process should result in a “win-win” situation for all involved. A good succession plan depends on an owner or owners who are willing to relinquish control, decision making, and compensation/net income to the successors according to a structure that works for everyone’s mutual goals. Current ownership needs to identify key leaders within the firm who are ready and willing to buy-in under the same structure and time frame. Transition plans can be accomplished through earn-outs, bank or owner financing, or some combination. Current owners, who are often founding owners, can exit the practice as they desire under a planned succession strategy.… Read More
Aerial view of St. Michaels Golden-Domed Monastery, Ministry of Foreign Affairs and Saint Sophias Cathedral in Kiev, Ukraine

Mandatory Registration of Foreign Legal Entities with Ukrainian Tax Authorities

On January 1, 2021, changes to the Tax Code of Ukraine came into force. According to them, all foreign legal entities operating in Ukraine through their separate divisions (representative offices), including permanent establishments, must be registered with Ukrainian regulatory authorities. Such changes have a significant impact on the parent companies that have representative offices in Ukraine, henceforth not only the representative offices but also the parent companies themselves shall be registered with Ukrainian tax authorities. Thus, foreign legal entities that have separate divisions on the territory of Ukraine, but not registered with Ukrainian regulatory authorities as of January 1, 2021 shall submit documents for registration with the tax authorities of Ukraine. Those foreign legal entities that will register separate divisions on the territory of Ukraine after the entry into force of changes to the Tax Code of Ukraine will be registered with the tax authorities of Ukraine in the process of state registration of a separate division.… Read More

Integra Welcomes New Member in Montevideo, Uruguay

Integra International is very pleased to announce that a new member in Montevideo, Uruguay has been admitted. BRAGARD provides personalized services in the legal, tax, accounting, notarial, real estate and business consulting areas. The firm has 6 partners and 28 staffs in 2 offices. They are recognized nationally and internationally for diverse sectors, specialization and experience in Banking, Finance, and Capital Markets. As a regional law firm, they counsel clients for Corporate needs and M&A. They also have expertise for Infrastructure Projects, Dispute Resolution, Compliance, Energy and Natural Resources. The firm provides assistance for Public Bidding and Administrative Laws, and connects with local clients and foreign investors for Business Opportunities. We are pleased to have a strong member representing Integra in this important economic areas.… Read More

Integra Announces Appointment of Mark Saunders as Chief Operating Officer

April 1st, 2021 – Integra International is pleased to announce the appointment of Mr Mark Saunders as new Chief Operating Officer. Former Global Chair of Integra International, Mr Saunders joined the Association back in 2004. He brings to Integra International his many years of experience in corporate audit and accounting as Partner at Wilder Coe Chartered Accountants Ltd, a London-based advisory firm with two UK offices and a team of over 50 people. Mark has worked across different sectors and has also been involved in sales and acquisitions. “I have always enjoyed a close relationship with my clients and firmly believe that high professional standards and excellent levels of service are the key to a successful practice”, he says. Mr Saunders will fulfil the role of Chief Operating Officer on a part-time basis as he prepares to retire from practice.… Read More

Integra Welcomes New Member in London, United Kingdom

Integra International is very pleased to announce that a new member in London, United Kingdom, has been admitted. Bright Grahame Murray Chartered Accountants (BGM)  was established in 1934. The firm has 10 partners and 70 staff. Please view more details of the firm on their website www.bgm.co.uk or on the Integra Website. BGM provides a wide range of services to a diverse and sophisticated client base with clients of every size from most sectors of the economy, from small start-ups to multinational companies and from charities to commodity dealers. Mr. Robert Moore is Managing Partner at BGM. He is the main contact for Integra International and can be contacted at [email protected] Robert joined BGM in 1985. He became Managing Partner in 2016 and he is responsible for  the day-to-day running of the practice and strategic future.… Read More

Integra Welcomes New Member in Yangon, Myanmar

Integra International is very pleased to announce that a new member in Yangon, Myanmar has been admitted. GRM International Limited is an audit, tax and accounting firm with 3 partners and 7 staff. Their focus and key competencies lie in the areas of audit assurance, tax and accounting. Its approach of combining advisory at a local level with general expertise of an interdisciplinary network of professionals is its strength. GRM has served medium to large corporations in trading, manufacturing and aviation sectors within Myanmar and the Asia-Pacific region. The aim is to help its clients in the face of challenges posed by expansion of the scope of their work through providing high quality auditing and accounting services. Mr. Nyi Nyi Htun – CEO [email protected]Read More

Integra Welcomes New Member in Santiago, Chile

Integra International is very pleased to announce that a new member in Santiago, Chile has been admitted. CyP Auditores SpA is a full service firm with auditing, accounting services, business consulting and tax consulting. The partners are experienced in the auditing area, IFRS and experienced in international audit companies (Deloitte Chile) for more than 20 years and handle legal regulation and taxes in Chile.  The firm has 3 partners and 13 staff. Mr. Juan Enrique González Silva – Partner Has more than 20 years of professional experience which he has acquired in important International Auditing and Consulting Companies such as Deloitte for more than 17 years, from where he retired as Senior Audit Manager. [email protected]   Mr. Cristian Enrique Zepeda Toro – Partner Auditor Accountant, Commercial Engineer, Master in Tax Planning and Management at the Adolfo Ibáñez University, Diploma in International Financial Reporting Standard “IFRS” at the University of Chile.… Read More

Integra Welcomes New Member in Quito, Ecuador

Integra International is very pleased to announce that a new member in Quito, Ecuador has been admitted. Muñoz Guerra & Robles Consultores & Auditores has 4 partners and 17 staff. Since 2007, they have been advising and accompanying national and foreign high standard entrepreneurs and companies in the country. Their executive team is made up of experienced professionals in the legal and financial areas and their work philosophy is working with commitment in the development of Ecuadorian and foreign companies. Pablo Andrés Guerra, CPA is the Audit Partner and main firm contact ([email protected]) Santiago Muñoz Orellana, is a Partner and Attorney at Law. ([email protected]) Their profile can be found here. I know that our Members will welcome this new firm from the growing South American region.… Read More

2021 New Year Message From Brian Hunter, Chair

Happy New Year! I am looking forward to a robust, exciting year for Integra International and our members. Although the pandemic caught all of us by surprise and 2020 was a challenging year, we all learned valuable lessons and supported each other in various ways. We pivoted to an increased internal social media presence by sharing ideas, issues and solutions. We worked closely with our members to ensure they would be connected to each other for support and guidance. As we have all been learning and adapting to these new ways of doing business, it will only make us all more efficient. In 2021 we will continue to provide platforms in which we can share ideas and best practices. Despite the challenges of 2020, we were able to grow our membership from 123 firms to 142 firms.… Read More

Integra Welcomes New Member in Seoul, South Korea

Integra International is very pleased to announce that a new member in Seoul, South Korea has been admitted. Sungjee Accounting Corporation is a medium-sized CPA firm located in Gagnam, Seoul, that provides integrated services in tax, audit and business consulting to both local and multinational companies.  There are 11 partners and 55 staff. The Managing Partner and main firm contact is Mr. Kay Lee, CPA. He can be reached at [email protected] We are pleased to have a strong member representing Integra in this growing economic area, as they aim to enhance their business activities in the global market. You can find the firm’s Integra profile, here.… Read More