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Jun 16, 2020 How-To North America

International Accounting (Setup and Ongoing)

International accounting follows strict reporting methods and standards, but it often varies between regions. An increasing number of companies run global operations making international accounting compliance extremely important. Many businesses do not have the know-how or resources to meet increasingly difficult international accounting demands. Fortunately, solutions exist. Here are a few of the international accounting […]

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Jun 04, 2020 News North America

Update on Entity Registrations due to COVID-19

Entity registration around the world has slowed down considerably or come to a grinding halt due to the coronavirus. Businesses caught up in the registration process in a new foreign market are now sitting, waiting, and hoping they will get approval so they can start exploring opportunities. While the registration process continues in some countries, […]

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May 30, 2020 News Europe

Update: Netherlands’ legislative response to COVID-19

The Dutch government has implemented many legislative changes, grants, incentives, and extensions to ease the strain on business. The following are the current benefits offered. Temporary Emergency Bridging Measure (NOW) Employers can claim substantial compensation for 3 months wages, providing they retain their employees and expect at least a 20% loss of turnover. The minimum […]

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May 29, 2020 News Europe

Update: Belgium’s legislative response to COVID-19

The Belgium government has implemented many legislative changes, grants, incentives, and extensions to ease the strain on business. The following are the current benefits offered. Temporary Unemployment Scheme All employers experiencing a temporary closure of their business or a reduction in workflow due to COVID-19 can invoke temporary unemployment (furlough). Employers can suspend full and […]

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May 28, 2020 News Europe

Update: Italy’s legislative response to COVID-19

The Italian government has implemented many legislative changes, grants, incentives, and extensions to ease the strain on business. The following are the current benefits offered. Employee Wage Grant All employers, regardless of size and sector, can apply for a 50% employee wage grant for a maximum of 9 weeks if they decide to suspend operations […]

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May 24, 2020 News Europe

Update: Spain’s legislative response to COVID-19

The Spanish government has implemented many legislative changes, grants, incentives, and extensions to ease the strain on business. The following are the current benefits offered. Temporary Unemployment Measures (ERTE) Companies can temporarily suspend work contracts or reduce hours while keeping their employees on their payroll. Employees receive up to 70 percent of their original salary […]

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May 21, 2020 News Europe

Update: Germany’s legislative response to COVID-19

The German government has implemented many legislative changes, grants, incentives, and extensions in response to the impact on business due to the coronavirus. The following are the current benefits offered. Emergency Aid Programme Small enterprises with up to 10 employees, including sole proprietors and freelancers, can apply for grants, regardless of industry. Those with a […]

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May 20, 2020 News Europe

Update: France’s legislative response to COVID-19

The French government has instituted many reforms as well as new initiatives to ease the strain of COVID-19 on business. We encourage you to explore your options if your company is struggling due to the coronavirus. Solidarity Payment for Small Business Businesses with less than 10 employees and earning less than €1 million a year […]

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May 18, 2020 News Oceania

Update: Australia’s legislative response to COVID-19

The Australian government has implemented many legislative changes, grants, incentives, and extensions to ease the strain on business. The following are the current benefits offered.  Job Keeper Payments Businesses significantly impacted by the Coronavirus outbreak can access a subsidy from the Government to continue paying their employees. This subsidy may apply to sole traders and […]

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May 13, 2020 News Asia

Update: China’s legislative response to COVID-19

Most businesses in China are slowly returning to work and resuming business and production. In the meantime, policies implemented by the central and local government may ease the strain on business. Corporate Income Tax Qualifying enterprises may deduct the full cost of new equipment without depreciation or those in transportation, hospitality, and tourism may carry […]

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May 13, 2020 News Asia

Update: Singapore’s legislative response to COVID-19

The Singapore government has implemented many legislative changes, grants, incentives, and extensions to ease the strain on business. The following are the current benefits offered.  Jobs Support Scheme Enterprises will receive an 8% rebate on wages to help retain their local workers. It will be issued in July 2020 for up to $3,600 per employee […]

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May 12, 2020 News Latin America

Update: Argentina’s legislative response to COVID-19

The Argentinian government has provided grants, financing, and deferments for businesses affected by the coronavirus. Some of the relief, targets micro, small and medium enterprises, while others offer relief for companies that provide healthcare benefits to employees. Social Security Contribution Reduction Employer contributions are reduced by 95% for sectors critically affected by the coronavirus pandemic, […]

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