23

May

Profit Sharing- A Guide for Companies

Profit Sharing or Employee Participation in Profit Sharing Payments (PTU in Spanish) is a constitutional right that all employees have in participating in their employer or company’s profits for the productive activity or services that they offer, in accordance to their taxable income. The Federal Bureau for the Defense of Labor (PROFEDET- Procuraduria Federal de la Defensa […]

15

May

Terán Rojas y Asociados in The Good Morning Wake up Show

“The Good Morning Wake up Show”, is the first program of Radio Universidad de Guadalajara in Puerto Vallarta produced entirely English spoken, for involving foreign residents in the activities and events developed by the University of Guadalajara in Puerto Vallarta and Bahia de Banderas region. Michael Nolan the host, is originally from Texas, USA and has been living[…]

Money Laundering

10

Apr

Non-profit Organization Obliged to Follow Money Laundering Prevention Rules

To have a legal entity as a Non-profit Organization (NPO) dedicated to helping society and thus receiving donations, commonly known as a “donee”, carries a lot of fiscal responsibilities, and throughout our trajectory some important aspects have been mentioned on our website; but in this particular occasion we will focus on the legal issues regarding these kind[…]

Ley Antilavado

24

Feb

Amnesty on the Anti Money Laundering Law

One of the main problems that Mexican governments have faced in recent years has been the battle against the laundering of assets, and have implemented different strategies over such issue; since 2000, Mexico is a member of an intergovernmental organization known as FATF (Financial Action Task Force on Money Laundering), created in 1989 with the main objective[…]

18

Feb

Unfavorable monetary effect that affects certain real estate developers for the import of services

One of the sectors that immediately and significantly affect the economy of a region is the real estate sector, recently as binomial Puerto Vallarta-Riviera Nayarit, has maintained a broad growth in the sale of both land and properties intended for residential use. In addition, within this environment of globalization and the need to have avant-garde designs, ecologic and self-sustainable[…]

08

Jan

Entities in the preoperational stage

As an analogy with human life, the start-up stage in companies could be defined as the phase since its birth up to the moment when an individual is able to walk by himself. In companies, the start-up stage ends when the company begins to have recurrently income, meaning that it starts to operate and obtain resources in[…]

08

Jan

Which obligations does a person subject to the Anti Money Laundering Law have?

After determining if we are subjects to the Anti-Money Laundering Law, the next step is to understand that there are obligations that need to be complied with. Each vulnerable activity has different obligations, but there are obligations established in the Anti-Money Laundering Law that apply to all the subjects, which are the ones that we will learn about in this[…]

29

Aug

Work risks How to identify one within your company

As it is already known, all theemployers that have employees must calculate their risk premium through an annual revision of the work accidents or sicknesses that their employees had the year before the filing of the report. The classification is established when the employer starts his/her activities in a workplace and/or the operation procedures are modified, which[…]

28

Aug

Factura 3.3 – What you need to know

The new version of the CFDI (Fiscal Electronic Invoice) has turned out to be a headache for some people, since the authorities have been saying that all that is needed is the RFC, but in practice this is not real. There are other fields in the invoice that need to be filled for it to be valid. These[…]