each of which contributes
A contribution is any economic resource that creates or can create returns as a result of applying one or more processes.A process is any system, standard, protocol, agreement or rule that, when applied to a deposit or deposits, creates or can produce returns.
Return – the result of contributions and processes applied to such deposits that provide or are able to provide income in the form of dividends, cost savings or other economic benefits directly to investors or other owners, members or participants.
Given the fact that the acquisition of a business and a group of individual assets is reflected in the statements differently, it is important to understand how the first differs from the second. Such an analysis is based on the three components of a business in terms of IFRS 3 Business Combinations, which is why if a company is able to demonstrate contributions, processes and returns, then, as a rule, there is a business as such. Continue reading
If you have ever created a business on your own, from the zero cycle, then you probably took into account the different possibilities for the place of registration. This usually happens at the place of registration of the founders of a new company. But imagine that you are from different areas, cities or even countries ….
How to choose a specific place of registration, where your business project will be happy, it will feel comfortable, and where is it simply profitable to conduct business? Continue reading
At a time when it was impossible to be 100% sure that suppliers were honest, that they would fulfill their tax obligations and not “disappear” by the time of the next field tax audit, it was very common to include “your” buffer in the group of companies, which pursued the main goal – not to allow the issues of relations with suppliers to the main operational link, whether it is the Plant or the Wholesale company.
We offer to understand how relevant this task is in the current realities, as well as in what other cases the “Purchase” link will take root in the group of companies. Continue reading