Elena Company

Aquí vamos de nuevo con fiscalidad en Inglés 🚀 Elevate your business with essential financial vocabulary! 💼 Understanding key terms like VAT, personal income tax, and corporate tax can transform your financial literacy and boost your professional confidence. Let's dive into the world of taxes, accounting, and audits together. 📊💡 https://lnkd.in/e5gc5JjD

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[ Offshore Tax ] Let’s Talk About Spain’s Foreign Tax Credits for U.S. Taxpayers. Foreign tax relief allows for the avoidance of double taxation on foreign-source income and capital gains that are subject to taxation by the Spanish Personal Income Tax (PIT). The relief is calculated as the lesser of two options: Actual Foreign Tax Paid: This refers to the foreign tax amount paid on the foreign-source income. It must be a tax identical or analogous in nature to the Spanish PIT or Non-Resident Income Tax (NRIT). Average Effective PIT Rate: This involves applying the average effective PIT rate to the foreign-source income that has been taxed abroad. Note that any foreign tax withheld or paid may be eligible for this deduction. However, if a Double Taxation Treaty (DTT) applies, its terms should be considered when determining the method for calculating the deduction. #ForeignTaxRelief #DoubleTaxation #SpanishPIT #CapitalGains #TaxDeductions #ForeignIncome #TaxCredits #InternationalTaxation #NRIT #EffectiveTaxRate #TaxWithholding #DoubleTaxationTreaty #DTT #TaxCompliance #GlobalIncome #TaxPlanning

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Exclusive: Top Iberian law firm Cuatrecasas to move to SAP Cloud Cuatrecasas is set to move in Q1 to SAP in the cloud, we can reveal, leveraging SAP’s business-transformation-as-a-service programme Rise with SAP, which was launched in 2021 to increase the adoption of S/4HANA cloud.   Cuatrecasas has been an on-premises SAP customer since 2010. The Iberian giant has been working on shifting to the cloud in conjunction with rebuilding its client relationship management system, as it moves from SAP CRM on premises to SAP CX. Its compliance processes will be notably be embedded within the new CRM, and Cuatrecasas is working with SAP S/4HANA digital transformation partner Avvale. Read More: https://lnkd.in/evy25mqg #legaltech #legaltechnology

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🆕 #InvestIn | #Navarra once again ranks among the top regions for its efficient management of #humantalent The #TalentMap2023, drawn up by #Cotec and the Valencian Institute of Economic Research (Ivie - Instituto Valenciano de Investigaciones Económicas), places the region as a national leader in talent #retention. Its authors, in particular, after analysing more than fifty socio-economic indicators, highlight the region’s capacity (compared to the rest of the Spanish autonomous communities) to avoid the decapitalisation of personnel and their departure in search of other, better destinations. #InvestInNavarra 📲 https://lnkd.in/eTkytptk

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🌟 Proud Moment Alert! 🌟 On the 14th of June, our very own David González, Sr. Partner in McKinsey Iberia and sponsor of Orphoz, participated in an enlightening roundtable event hosted by Europa Press. The event brought together leaders from renowned companies like Ikea, Iberdrola, GSK, Mapfre, ESADE, and BBVA to discuss about “The challenge of being excellent at implementing” - a topic that resonates deeply with our core values and mission at Orphoz. https://lnkd.in/eb6scs5R Insights were shared on why effective implementation is crucial, the inherent challenges it poses, and the "recipes" for becoming a top implementer, using our comprehensive Global Implementation Survey as food for thought for the discussion. https://lnkd.in/eA8p9sW9 ✨A few days later, our Managing Director of Orphoz Iberia, Olalla Montes, was interviewed on the same topic, to reinforce the importance of excelling at implementation skills to achieve the results expected from complex transformations. ✨Key takeaways emphasized the importance of maintaining rigor across stages, upgrading talent, and investing the right resources as pivotal elements for successful business transformations. For a detailed overview of the discussions and insights shared, check out Europa Press’ Report or Olalla’s interview here https://lnkd.in/e7D6Px27 Let's continue striving for excellence in every implementation we undertake!💪✨ #ImplementationExcellence #BusinessTransformation #Leadership #Orphoz #EuropaPress #IndustryLeaders #GlobalImplementationSurvey

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♻♻ ♻ RenerCycle secures financing with the banks Caja Rural de Navarra, LABORAL Kutxa and SONAGAR-SOCIEDAD NAVARRA DE GARANTIA RECIPROCA to promote its #circulareconomy plan With this bank financing agreement, the company ensures the execution of its 4-year business plan with the first investments in Navarra worth €6.5M and the creation of the first jobs in the #circulareconomy. Following its creation in 2022, RenerCycle managed to close its second capital increase in July 2023 for a value of €4.5 million. The operations eligible for financing under this new agreement, signed last February by @RenerCycle with Caja Rural de Navarra, LABORAL Kutxa and SONAGAR-SOCIEDAD NAVARRA DE GARANTIA RECIPROCA (Sociedad de Garantía Recíproca de Navarra) will have a limit of 2 million euros for the execution of the company's business plan over the next 4 years and the total amount of which amounts to 6.5 million euros. #sustainability #circulareconomy #windpower #renercycle #repowering

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One recurrent issue that I have been facing in the last 21 years refers to failed EMEA Shared Service Centers (#SSC) implementations at managing of Spanish Receivables. Especially remarkable here are the ones related to retail U.S. companies. Here are some of, in my opinion, possible causes of this: 🤔   👉 From Spanish Management point of view, the SSC should entirely pledge to their demands and wishes since they are the (internal) customer, they pay the bill, therefore “the customer is always right”. In contrast to this idea, the SSC managers claim they provide service to more countries, not only Spain, acting as delegation of company´s HQ who at the end dictates the policies and procedures to be followed. Therefore, Spain is just a part of the “big picture”. Especially critical here is the application of the Sarbanes Oxley Act (#sox) which does not allow some combinations of performing tasks (segregation of duties) on the same people/department.   ·  👉     Lack of knowledge of Spain´s idiosyncrasy: Some SSC managers show little (or directly they don´t care at all) interest about Spanish business culture and customs. A very good example here can be found on the fact that Spanish lunchtimes differ notably from the ones not only in Europe but also in the Western World. As result of this staff is “forced” to go for lunch between 12:00 and 12:30 which is a peak time in Spain to answer any kind of request resulting in a lot of controversy.   👉 As result of the above mentioned, sometimes the SSC management only pays attention to the language skills in order to hire new staff resulting in a complete onboarding failure, since sometimes the chosen people have no financial experience /background at all ,let alone knowledge about Spanish business culture as previously mentioned. We are talking here about the most valuable asset of a company: Their receivables! Credit Control is not just a matter of “picking up the phone and call some guy who owes money”- Remember who is paying the bill here……. 😃   👉 Another root cause might be found in the fact that, sometimes the migration of activities fails due to a poor planning and communication strategy. Spain still remains a very hierarchical country. A Spanish manager expects to communicate to the ones who he/she recognizes as his/her “equal” in terms of decision making. If this is not managed in a proper way it will be taken as a very hostile action and it will definitely complicate things. 😫   I hope you all are having a good summer! 🏖 #cpartnersolutions #creditmanagement

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Mercadona has announced a historic salary increase for 2025, benefiting its over 100,000 employees. This increase, set at 8.5%, goes beyond both the inflation rate and the terms outlined in their collective agreement. The raise combines the current IPC and an additional adjustment from the company, ensuring a significant boost to employee wages. This change will take effect from January 2025, demonstrating Mercadona’s commitment to its workforce. With this measure, Mercadona is investing over €350 million in personnel costs, setting a strong example of prioritising employee well-being while recognising their critical role in the company’s success.

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Streamline Your Accounting with Bank-ERP Integration Are you still manually entering bank transactions into your ERP system? It's time to embrace efficiency and accuracy through bank-ERP integration. By seamlessly syncing your bank transactions with your ERP, you gain a comprehensive view of your financial landscape. With this integration, you can effortlessly record payments and receipts, reconcile invoices, and maintain real-time visibility into your financial status. No more tedious data entry or discrepancies. Instead, you can focus on strategic decision-making with confidence, knowing your financial data is accurate and up to date. Say goodbye to manual errors and hello to streamlined accounting processes. Explore the benefits of bank-ERP integration today! #Accounting #ERPIntegration #Efficiency

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Looking to file your non-resident taxes in Spain?  Here’s why IberianTax is a game-changer compared to traditional accountants: ✅ Cost-Effective: With prices starting at just €34.95, IberianTax is a fraction of what you’d pay an accountant. ✅ Fast & Convenient: File online anytime, anywhere—no need for appointments or waiting around. ✅ User-Friendly: Our platform offers step-by-step guidance, so even first-time filers can navigate it with ease. ✅ Secure & Reliable: All data is encrypted, and we’re fully approved by the Spanish Tax Authorities. ✅ No Hidden Fees: Transparent pricing with no unexpected surprises. Say goodbye to hefty accountant fees and hello to a faster, simpler way to file your non-resident taxes. Start today at iberiantax.com! 💻✨

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Last week our CEO Camilla Wallin and CFO Pablo Gómez Valle attended an inspiring event about how “CFOs of the future” can drive profitability in consulting firms, organized by PE Accounting. Here are some key insights and topics discussed: 🤖 The game-changing potential of AI and automation in finance ♻️ How CSRD and sustainability reporting drives business growth and how tomorrows CFOs need to be sustainability champions, balancing profit with purpose 🚀 The crucial need for CFO adaptability, as highlighted by CombinedX's CFO Anna Hedström 💰 We're still pricing like it's the 80s, but costs are skyrocketing. Time to rethink our value proposition? These discussions underscored the evolving role of CFOs in our industry. At Salt, we're excited to embrace these challenges and opportunities to innovate and grow. A wise reminder from Christopher Diaz: Building a thriving company is a marathon, not a sprint. Set milestones and remember to refuel your team's energy along the way 🖤 A big thank you to PE Accounting and Anna Björkeryd for having us in these valuable conversations. We're looking forward to putting these insights into action! #FutureCFO #CSRD #SustainableConsulting #AdaptiveLeadership #fullstackdevelopers #Salt #Tech Cinode Lali Fjellström Mattias Weerasooriya Wellfish - Sustainability reporting made simple SEB Amie Berglund Magnus Serratusell Wallin

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📢 𝐆𝐫𝐚𝐧𝐭 𝐓𝐡𝐨𝐫𝐧𝐭𝐨𝐧 𝐋𝐞𝐠𝐚𝐥: 𝐟𝐫𝐨𝐦 𝐜𝐨𝐦𝐩𝐥𝐞𝐦𝐞𝐧𝐭𝐚𝐫𝐢𝐭𝐲 𝐭𝐨 𝐬𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐫𝐞𝐥𝐞𝐯𝐚𝐧𝐜𝐞 Grant Thornton España celebrates 40 years in Spain, moving from a support role to a strategic leadership position. Under the leadership of managing partners Álvaro Rodríguez Calzado, Aurora Sanz Tomás and Eduardo Cosmen del Riego, the firm has achieved a remarkable 19% growth in 2023, with significant achievements in areas such as M&A, compliance, tax litigation and labour law. Working closely with Ramón Galcerán, they leverage Grant Thornton's global network in 150 markets, positioning the firm as a key player in mid-market legal services. Get the full insight in the latest issue n. 140 of IBERIAN LAWYER By Julia Gil de la Torre Download the full magazine 👉 https://lnkd.in/dK_Aq3UW #IberianLawyer #Leadership #lawfirm #magazine

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Denmark 2024: Tax Updates for International Companies 🌐  Do you know what the most relevant updates of this year are?

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Emotional Intelligence is one of the fundamental pillars for a successful Leadership

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My thanks to Francesc Muñoz, CIO at Cuatrecasas, for sharing the details of this exciting project. Cuatrecasas, which has long been an SAP on premises customer, is set to move in Q1 to SAP in the cloud, leveraging SAP’s business-transformation-as-a-service programme Rise with SAP, which was launched in 2021 to increase the adoption of S/4HANA cloud. The project partner is Avvale. More details below. #legaltech #lawfirms

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