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Welcome to IAPA’s Quarterly newsletter
Q2, June 2016
IAPA - A global association of independent accountancy and business advisory firms
200 member firms 68 countries >1bn USD turnover
DISPATCHWORK The brand new publication containing news
and information for Members of IAPA
Creating the fabric of a global society
Global Support.
Local Knowledge.
IAPA Social
Words from the CEO
Congratulations to Alphons
van de Ven, the newly elected
IAPA EMEA Chair
Alphons van de Ven, ESJ Financial
Engineering, The Netherlands was
elected the new IAPA EMEA
Regional Chairman at the recent
EMEA AGM in Vienna. Alphons will
also sit on the International Board
as regional chair. In addition to this
Those who were in Vienna
attended a session Strategy,
where our global chair, Jan
Huygens, discussed each item on
the document produced, inviting
questions from the floor. We are
about to visit Portland where we
shall also present this to the US
members. The document will then
be dispatched to all IAPA contact
partners.
In addition to the Strategic
sessions we have been holding,
you will have followed a lot in
respect of our discussions with
Allinial Global and the
collaboration we are now
exploring. Three representatives
attended our Vienna meeting and
were given the opportunity to
present to delegates and to meet
the attendees more informally
throughout the conference. Allinial
will also be represented during
our US meeting in Portland, and
our integration committee
(comprising of myself, Jan
Huygens, Adam Wilson, Alphons
van de Ven and Alan Lips) will
attend the Allinial International
Forum in Washington DC
immediately after the Portland
meeting.
This is an exciting time for IAPA,
one to encourage and embrace,
but understandably there will be
issues that members will wish to
deliberate and discuss further and
we of course invite you to come
forward with any of these.
Talking to members in Vienna,
there was a lot of support for
recent initiatives and, in particular,
I write this having just returned
from our EMEA meeting in Vienna.
I thank all those who contributed to
it being such a great success. The
feedback received has been
extremely positive.
It was also most pleasing to
receive such fabulous comments
throughout the conference in
respect of the new focus and
direction of the association; in
particular the new website and all
recently created marketing
initiatives, all being received very
well indeed.
As I approach the end of my first
year as IAPA’s CEO, I look back on
a very busy, hardworking and
productive twelve months. We
thought it would be useful to
summarise our performance,
progress and developments, and
hence a supplement to this
newsletter has been produced, by
way of a “CEO Report”. I hope you
find this useful.
to enhance our representation in
the US, with the potential to
become a much bigger and
better force internationally. We
shall continue to work very hard
in the best interests of you, our
member firms, for the benefit of
your clients and for the growth of
your practices.
On a personal note, I thank you
all for your support during my
first year and I look forward to
another year of even more
development, progress and
excitement!
Best Wishes,
Stephen Hamlet.
Registration for Rio now OPEN
IAPA International Conference
Rio de Janeiro, Brazil
23-26 October 2016
Visit the IAPA Portal for full details
Alphons is part of
the IAPA – Allinial
Global Integration
Committee.
In the afternoon the 26 delegates
representing 12 firms across the US,
including 2 firms all the way from the
UK, enjoyed a fabulous
networking/sightseeing experience
of some of the highlights Portland
has to offer including a tour up the
beautiful Columbia River gorge. The
day was rounded off at Jake’s
famous crawfish restaurant serving
only the freshest fish, seafood and
prime steaks.
Sunday’s programme started with a
presentation by Stephen Hamlet of
IAPA’s new marketing pack and how
firms can use the portfolio of tools to
promote the IAPA brand within their
firm. This was followed by lively
roundtable discussions during which
delegates shared ideas on unique
marketing initiatives, discussed
marketing strategies and the use of
social media as a promotional tool.
Group discussions then continued by
sharing experience on how individual
firms can proactively generate new
business, at a local level and
internationally, and how being a
member of IAPA can support this.
IAPA USA Regional
Conference update:
forum update:
Who’s Who @ IAPA
International Board
Jan Huygens
Chairman
Adam Wilson
Finance Director
Martin Clapson
Vice-Chairman
Tom Rex
USA Regional Chair
Norberto
Bruschi
Latin-American Regional Chair
Mohd Noor
Abu Baker
Asia-Pacific Regional Chair
John
Campbell
Canadian Representative
The Benson hotel in Portland, Oregon
provided the perfect location for
IAPA’s 2016 USA Regional
Conference which took place from 24
to 26 June. The programme opened
with dinner at the famous Waverley
Country Club, one of the oldest golf
clubs in the USA with a rich history
dating back to 1896.
On Saturday morning Tom Rex, IAPA
USA Regional Chair, officially opened
the working programme welcoming
delegates and thanking David
Kessler’s firm, Thompson Kessler
Wiest & Borquist PC, for hosting this
excellent event. Stephen Hamlet,
IAPA CEO, then briefly outlined how
IAPA has moved forward over the last
12 months to take the association to
the next level, including the new
opportunity to now join forces with the
well-established US based
association, Allinial Global. This led
into a detailed presentation by Global
Chairman, Jan Huygens, of IAPA’s
Strategic Review including recent
developments and followed by a Q&A
session.
The working programme concluded
with a very informative R&D Tax
Credit Update by Andy Lane from Tri-
Merit LLP. Focussing on 179D
(energy efficient commercial building
deduction) and WOTC (work
opportunity tax credit) he outlined an
invaluable update on this specialised
area.
Alphons van de
Ven
EMEA Regional Chair
IAPA connecting
globally:
IAPA website stats:
Jan-May 2016
73% new visitors
IAPA TV Stats:
IAPA Corporate video:
306 views
IAPA International
Conference
Hong Kong video:
117 views
IAPA Latin American
video:
98 views
IAPA Marketing video:
64 views
IAPA Newsletter:
Quarterly updates to our
global members
IAPA USA, Portland cont..:
IAPA’s 9th European ‘fly-in / fly-out’ event
for its younger professionals was held on
Friday 15 April in Istanbul. We were
delighted to welcome 30 delegates from
14 firms across 10 countries to take part
in the one-day interactive seminar on
International Tax, Double Tax Treaties
and Transfer Pricing.
European chairman, Martin
Clapson from Price Bailey, opened
proceedings and was followed by host
member, Ozgur Demirdoven from MED
YMM ve Bagimsiz Denetim who
welcomed all to this beautiful and
historic city. Delegates included some
18 new IAPA faces who had not
attended an IAPA event before.
To start the agenda, IAPA was pleased
to introduce Ersin Nazali, a highly
experienced tax specialist to present on
International Tax, Double Tax Treaties
and Transfer Pricing. This was followed
by a Q&A session that generated great
discussions, further cementing
knowledge learning across the pan-
European group.
In the afternoon, IAPA warmly
welcomed Jay Sanghrajka International
Tax Partner for member firm Price
Bailey. Jay presented a wide ranging
case study of a multi-national group of
companies based in the aerospace
industry with operations in a number of
countries. Attendees were divided into
teams to discuss and present their
solutions later in the day.
Key to the day’s success was member
participation and it was a pleasure to
see so many new and familiar faces
networking, collaborating and creating
global connections, whilst developing
more in depth knowledge in these
specialist areas.
In addition to the
programme, Stephen Hamlet, IAPA
CEO, gave a short presentation on
IAPA’s latest initiatives, including the
new marketing materials available to
members, and reaffirmed the main
reasons for belonging to the
association, highlighting the benefits
for their practices and their clients.
The group finished the day with an
evening boat cruise down the
Bosphorus Strait. Members continued
their networking whilst watching the
sun set on what had been a fantastic
day.
Feedback from our delegates has
been superb, with reports showing
87% stating the seminar and case
study as “Excellent” (the remaining
13% marking them as “Good”); and
with 100% of delegates stating the
technical content and networking
opportunities were either Excellent or
Good.
With such success, IAPA looks
forward to holding our next ‘fly-in / fly-
out’ event for younger professionals in
Paris in September.
Watch the Istanbul video HERE
WithumSmith+Brown’s Dave Springsteen then outlined
the Top US tax developments in the past 12 months &
Tax Risk Management and the day concluded with the
US Annual General Meeting and finally an introduction to
the 2016 International Conference Rio de Janeiro, Brazil.
200 tweets
500+ followers
tweets
IAPA’s 9th Fly-in Fly-out event, Istanbul, Turkey
Friday 15 April, 2016.
Presentations from Portland can be found on the IAPA Portal
New members
IAPA Strategy Update:
As this newsletter goes to publish,
our CEO, Stephen Hamlet is in the
States attending the Allinial Global
(AG) International Forum in
Washington DC, along with the
members of the Integration
Committee, which comprises Jan
Huygens as IAPA Global Chair,
Adam Wilson (Finance Director),
Alphons van de Ven (EMEA Chair)
and Alan Lips (US representative).
The committee will have their first
official meeting with the Allinial
integration team.
A reminder of the facts:
Stephen Hamlet said "we have
achieved so much in the last 12
months, moving strongly in a new
positive direction, pushing IAPA
forward in terms of new added focus,
marketing and promotion, taking the
association to the next level.
It's been a very busy yet productive
year, enhancing our offering and
promoting a new forward-thinking
brand and image. Recruitment has
been tough yet IAPA continues to
grow and has fantastic presence
particularly throughout Europe and in
many parts of Asia Pacific.
However, it continues to be a struggle
to grow the US representation of the
association and this remains
unbalanced in respect to the rest of
the world.
The opportunity we now have with
Allinial Global is hence a prime
opportunity to rectify this issue and
create a supreme premier association
of independent accounting and
business advisory firms around the
world; indeed the third largest of its
kind.
A reminder of key timings:
-Letter of Intent signed end April
2016
-AG Firm Management Forum
attended by Stephen Hamlet, Jan
Huygens and Adam Wilson, in mid-
May 2016 in Orlando, involving
initial discussions with AG
International board amongst
others.
-IAPA EMEA Vienna and IAPA US
Portland meetings attended by AG
representatives.
-AG International Meeting in
Washington DC attended by the
IAPA Integration Committee for the
first official Integration Committee
meeting on Monday, 27 June.
-Intention to have a formal
proposal to present to members at
Rio de Janeiro global meeting end
of October 2016.
-Vote by members in respect of
official collaboration, with the
potential goal of eventual merger,
by end of 2016.
-AG is an association of
independent firms, having left
PKF International, and now
looking for global connectivity
- The membership consists of
some 100 US firms, although they
have started to recruit firms
outside the US (recently in China,
India, South Korea, for example).
AG already also had some firms
in Canada and in Mexico
-Their HQ is in Atlanta, Georgia,
where a large team provides
services to US members
(Communities of Practice,
Marketing resources, IT, Practice
management, Learning &
development, HR, and Technical
support)
- As a combined entity, the
turnover of all AG and IAPA firms
would equal US$2.7bn, making it
the 3rd largest association of
independent accounting and
business advisory firms in the
world (see right hand side)
IAPA New Members:
IAPA is delighted to welcome the following new members over the last 3 months:
Montreal, Canada
This medium sized 3-partner firm join as part of IAPA’s Canadian group, BHD. Contact Partner: Genevieve Choiniere Lacharite
Email: [email protected] T: +1 514 317 1818 W: www.lmkca.com
Lacharite McComber
Kuczynski
Spira, Twist & Associes
Paris, France
A small boutique firm in Paris with a large international focus. Contact Partner: David Spira Email: [email protected] T: +33 (0)1 40 17 0547 W: www.spiratwist.com
BONJOUR Audit
Budapest, Hungary
BONJOUR Audit provides statutory audit and tax advisory services for clients. Contact Partner: Andrea Tauner Email: [email protected] T: +36 209 828 541 W: www.auditandtax.hu
U.S Gandhi & Co
Chartered Accountants
Mumbai, India
This medium sized firm has over 35 staff servicing in the field of tax structuring, corporate finance and tax litigation. Contact Partner: Kunal Gandhi Email: [email protected]
T: +91 982 145 8072 W: www.usgandhigroup.com
ZhenQing CPA Co. Ltd
(Group)
ShanDong Province, China
This is a substantial firm with 6 partners and over 300 staff, based in Qingdao but with branches in Beijing, Shanghai and Jinan amongst other areas. Contact Partner: Gu Xufen Email: [email protected] T: +86 532 859 28181 W: chinazhenqing.com
Yong Tan & Co
Kota Kinbalu, Malaysia
This is a medium sized accounting firm with a branch in Keningau and a total of 41 staff. Contact Partner: Mr Francis Yong Swee Cheong Email: [email protected]
T:+60 6088 261980
IAPA EMEA Conference – a great success!
3-5 June, Vienna, Austria
Review by Patrick Scanlon and Magalie Queffeulou, Ferrieres & Co, France,
IAPA’s recent Europe Middle East & Africa (EMEA)
conference on 3-4 June held in Vienna, with hosts Dieter
and his wife Katharina Ehart from Austria (WTE
Wirtschaftstreuhand GmbH), was another great
opportunity to exchange with fellow IAPA International
member firms, to participate in some excellent
presentations and catch up on the latest news from
IAPA. It was the first time that the IAPA conference had
been held in Austria since the European conference at
Innsbruck in 2004 and the Meridien Hotel in Vienna
proved to be a winning location as over 100 IAPA
delegates and guests attended.
The Vienna conference also saw an IAPA conference
innovation - IAPA now had its own smart phone
application for the EMEA conference - All we had to do
was download it and we had all we needed to know
about the conference and Vienna at our fingertips - a
great idea!
Another first was an IAPA conference being sponsored
for the first time - the EMEA meeting was sponsored by
Huddle, the collaboration and file sharing group.
The conference was opened by regional chairman,
Martin Clapson from Price Bailey who welcomed the
delegates and introduced Jan Huygens, IAPA Global
Chairman and Stephen Hamlet, IAPA CEO.
We were not surprised that, following the recent letter of
intent signed with Allinial Global, the potential
future integration with IAPA International was a major
topic at the conference.
Martin Clapson Jan Huygens Stephen Hamlet
One of the main attractions of the conferences is meeting
members in a friendly informal atmosphere and IAPA’s
tradition for new members to present their firms. This
continued at this EMEA conference so Andrea Tauner from
Hungarian firm BONJOUR Audit and Tax Kft, David Spira
from Spira Twist & Associés in France and Kunal Gandhi
from U.S Gandhi & Co based in India all presented their
firms.
New members receiving their IAPA certificates with Alphons
van de Ven (new IAPA EMEA Chairman), Stephen Hamlet
(IAPA CEO) and Jan Huygens (IAPA Global Chairman):
Andrea Tauner David Spira Kunal Gandhi
Member success stories included presentations from
Carlos Apapoe from Hoogeveenluigjes in the Netherlands,
IT developments from Neal Morrison from McInerney
Saunders and New Ways of Developing Inter member
business. Neal’s ideas for making use of technology to
managing a hectic office life were greatly welcomed!
The roundtable session led by Marc Tenneroni from
French member firm Creatis on how member firms can
work closer together generated lots of ideas to take away
from the conference.
Many thanks to our members for
leading key presentations:
Carlos Apapoe Neal Morrison
Bastien Paris and Marc Tenneroni
Networking has become a key feature
of IAPA conference programmes and
the Vienna conference confirmed this
with a lot of opportunities to meet other
delegates. During the dedicated speed
dating time allocated on Friday and
also during a city walking about tour of
Vienna on the Friday afternoon, we
were all able to meet or strengthen our
relationships with other members. The
2 hour guided walking tour of historical
Vienna gave everyone the opportunity
to see what a beautiful city Vienna
is. During the tour, we stopped at the
Café Hofburg where we tried the
excellent local chocolate cake
(delicious!). We were lucky with the
weather as it has been threatening to
rain and we had an enjoyable time
together.
Friday night’s dinner took place at the
Gmoa Keller restaurant which was only
a 10 minute walk from the hotel – the
Wiener schnitzel is to be highly
recommended! After the dinner, some
of the more courageous members,
went to the roof top of the 25 Hours
hotel which offers a sensational view on
the city and others took in the views
from the Ritz Carlton rooftop garden. It
was once again recommended by
Katharina and Dieter and much
appreciated.
Evening networking top: Gmoa Keller
(Friday night), bottom left-right:
Conference hosts, Dieter and Katharina
Ehart (Saturday night), Schonbrunn Zoo
dinner (Saturday)
On Saturday morning, Jan Huygens
and Stephen Hamlet started the
discussions on the strategy update.
The morning included a presentation
from Allinial Global given by Terry
Snyder, CEO and his team which had
everyone’s attention. We will be looking
forward to hearing from IAPA’s
integration Team on developments
when we meet at the Global conference
in Rio de Janeiro later this year.
The Region’s Annual General Meeting
followed. Martin Clapson retired as
European Chairman after 3 years and
members warmly welcomed the newly
elected the new chairman Alphons Van
de Ven from Dutch member firm, ESJ
Financial Engineering.
The other members of the
European Board (Charles Scerri,
Ozgur Demirdoven, Juergen
Liebhart, Patrick Riou) all had their
mandates renewed by the
members.
The new EMEA Board:
Ozgur, Juergen, Alphons,
Patrick, Charles (left to right)
The Tax and Audit forums and
more recently, the Deals and
Opportunities forums are now
being regular feature of the
conferences. We had registered
for the tax forums, international
VAT and corporate income tax.
Alphons van de Ven (ESJ
Financial Engineering) prepared
the working cases. Andy Dawbarn
(Wilkins Kennedy) - VAT; Jay
Sanghrajka (Price Bailey) - CIT
and Thorsten Schellenberg
(KBHT) - personal income tax
coordinated the different groups.
This was an interesting and useful
forum thanks to the good level of
interaction between the different
delegates and also because the
conclusions presented gave
participants insights into
experiences in different countries.
Above: Speed networking:
Photos from the IAPA EMEA
Vienna event can be found at
the IAPA Flickr account HERE
The conference smart phone app
indicated that the Conference Gala
Dinner was “not the usual IAPA Gala
Dinner” and it was right! Firstly, we
visited the gardens of the
Schonbrunn Palace and then we
were given a guided tour of one of
the most famous zoos in Europe, the
Schonbrunn Zoo. Quite amazing to
see all these animals - elephants,
lions and tigers, cheetahs and wild
birds and there was even a giant
panda on loan from China.
Dinner was held at the Schonbrunn
Palace’s Orangerie - next to where
the Orangutans are housed.
A great dinner and dancing was in
the line with tradition at the IAPA
conferences as the delegates danced
into the night after a farewell speech
from outgoing chairman Martin
Clapson. Games, speeches,
cocktails, dinner and dancing -
everything was organised to offer all
of us a memorable moment. The
evening finished off for more than 30
members later that night at a famous
café terrace not far from the hotel
and we all spent a wonderful time
together.
Schonbrunn Gardens, Vienna
We hope everyone came away with
the same sentiment as us that the
EMEA conference in Vienna was a
great success and provided another
Quick IAPA EMEA 2016 conference statistics:
Evaluation of technical sessions:
Farewell IAPA dancing!
occasion to strengthen the relations
with our colleagues from around the
world as well as to participate in the
developments at this important time
for IAPA.
With many thanks to Patrick and
Magalie, Ferrieres & Co, France for
writing this article:
Did delegates and guests enjoy using the new app?
YES!
Not really
95% of delegates
come to the EMEA events to network
with fellow IAPA members….
of these 54% are very
successful and 46%
are quite successful
Top rated items:
Location of hotel
Speed networking
Tax Forum
IAPA update on new
marketing materials
Strategy update
Afternoon joint delegate and
guest walking tour
Member success stories
Saturday evening dinner
93% of delegates
thought the quality of working
programme and value for money was
excellent or good
How can we
improve?
-More networking
opportunities
-Longer speed
networking, meeting
new people
-Longer D&O Session
-Air Con in evening
restaurants!
Fly-in/Fly-out event for young professionals
Friday, 30 September, Paris, France
Growing your network; in person and online
All day event. Detail to follow, save the date…
We are delighted the welcome Martin Bisset from The
Upward Spiral Partnership Ltd to lead this one day event
that offers a practical session on how IAPA members can
grow their professional network, both in person and
online. The day will include roundtable discussions and
breakout activities. Full details and registration will follow
shortly. Please save the date….
Find out more about IAPA conferences/ events
Watch IAPA TV:
News from IAPA members:
Recent research in the Netherlands shows that most of
the entrepreneurs (55%) make wrong estimations about
the value of their company. 70% of these entrepreneurs
overestimate the value.
There are four main reasons why the value perception of
these entrepreneurs differs from ‘fair value’:
1. Wishful thinking
2. Wrongly advised by friends and family
3. Overconfidence
4. Wrongly advised by their advisors
The same research shows that 70% of the entrepreneurs
do not have any plans or ideas about the most effective
selling process one year before the actual sale of their
company.
An entrepreneur should therefore be made aware to
optimize the value of his company in the years before the
actual sale. A few so called ‘value drivers’ are amongst
others: independence of the current owner, quality of the
management team, business strategy, innovation,
recurring revenue, financial/operational track record,
adherence to legislation regarding labour laws, company
USP’s and flexibility. During the conference in Vienna
these value drivers were highlighted and discussed during
the Deals & Opportunities Forum concluding that any
advisor should discuss with its clients how to improve
these quality aspects of the company on a timely basis
before the sales process commences.
This implies various actions to be undertaken by the
client which may sometimes take two or three years.
More and more clients become aware of the need for the
preparation of the sale of their business. Accordingly, JM
Corporate Finance has been appointed as advisor for
planning and coordinating this process for at least 5 new
projects during the very recent months. We would
therefore recommend to place this item on the agenda for
the closing meeting with your 55+ client!
If you or your client consider a (strategic) takeover or
establishment in the Netherlands or you would like to
discuss any Corporate Finance issues, please feel free to
contact us! For further information regarding our core
business we refer to our website
www.jmcorporatefinance.nl/uk.
Jan van Wijngaarden Bart Koreman Partner Senior Advisor [email protected] [email protected]
JM Corporate Finance, The Netherlands (IAPA affiliate member)
News from IAPA members continued:
Background
India has comprehensive Double Taxation Avoidance
Agreement (DTAA) with 88 countries. The India-Mauritius
treaty (IM treaty) came into being in 1983 and in fact
39.6% of FDI to India came from Mauritius between 2001
and 2011 Under the IM treaty, capital gains from sale of
shares can be taxed only in the place where the holder of
the shares is resident. Consequently, capital gains on sale
of Indian shares by Mauritius entities are taxable only in
Mauritius as per the DTAA, and as Mauritius generally
does not levy capital gains tax, there is no capital gains tax
on such transactions - this lead to structuring of
investments into India through Mauritius.
The amendment
The present government announced the signing of a
protocol effectively withdrawing the most significant benefit
enjoyed by the investor community, the exemption of
capital gains on shares in Indian companies.
Now, all investments made through Mauritius in shares of
Indian companies till 31st March, 2017, have been
grandfathered, thus the existing interests of investors have
not been infringed at all.
Further, it is proposed to introduce capital gains tax with
respect to investments made in Indian shares on or after
1st April, 2017, in a phased manner. Between 1st April,
2017 and 31st March, 2019 50% of the tax for capital
gains arising, subject to fulfilling the limitation of benefit
clause; and post 1st April, 2019, capital gains tax shall be
levied at full rate.
In a positive development, until the Protocol, the
withholding tax on interest income paid to a Mauritian
resident was liable to tax in India, at 40%. The new
Protocol now, however, provides that the tax will not
exceed 7.5% of the gross amount of interest. The new
tax rate of 7.5% could see Mauritius becoming the ‘go-to’
destination for loans or debt investments.
Conclusion
The protocol is silent about capital gains on investments
through hybrid instruments such as convertible
debentures, derivative instruments etc as well as indirect
transfers which could be potential structuring
opportunities. The announcement also suggests that the
government may negotiate the India Singapore and other
similar treaties. How it affects foreign flows into India,
only time will speak!
India-Mauritius DTAA | Capital Gains &
Interest Amendment
News from Southern Spain
Dear friends from IAPA,
It’s great to be in contact again, after such a long time. It’s
also great to be able to say that our firm is now mainly
based in the south, with a strong focus on compliance
work, such as payroll, accounting, corporate taxes, audit
etc. Needless to say the foreign investor, be it corporate
entities or individuals, continue to look for brick and mortar
investments. Something we are able to “hold hands” on
with our clients.
Our team of 23 has been with us, for a long time, and
some of you will recall the shining stars such as Maria
Lima, and Ana Ronco from past conferences, and me as
past international chairman of IAPA in the early years of
this decade.
No doubt many of you will be aware of the upheavals on
the political front, with general elections coming up again in
June, as a result of a lack of a clear majority by any of the
parties, four months ago.
In spite of this the economy is growing and tourism is
stronger than ever.
The great news for all is that the sun keeps shining in
Spain, so come down and enjoy yourselves. Best wishes
to all.
Juan
Stark & Stark, together with GoldRock Capital are holding a
seminar for new immigrants in June - Living with the
Israeli tax system, which is an opportunity for them to learn
about Israel’s tax requirements and maximizing their
benefits.
Iris participated as a guest speaker at a few conferences
during the past few months. She spoke at the Institute of
Certified Public Accountants conference on “Tax Fraud and
Money Laundering” and was the moderator and speaker at
the annual “Non-Profit Organization” conference.
The Knesset Constitution, Law and Justice Committee
approved legislation that advances bill linking tax evasion
with money laundering.
Iris was invited to attend the Knesset (Parliament)
Economics Committee on “Regulations of Purchasing
groups in Real Estate”. The hearing was to examine
whether existing rules that allow operation of
purchasing groups need improvement in order to
prevent buyers remaining without funds and without
shelter. Iris said “the Knesset is obliged to clarify the
public purchasing groups not suitable for those
purchasing their first apartment as there is no certainty
in date of delivery, price and price risk”
Some of Stark & Stark’s new clients include; Hapoal
Raanana – football group, Advancement of students
and entrepreneurs: Activities for improving the welfare
of life, quality of education and culture of students and
young entrepreneurs in Israel, and Youth Village for
promotion of Excellence Ltd - improving conditions for
the children and young people at risk in Israel/
An article of Iris was published in Israel’s business
newspaper, Globes, “The Gatekeepers Are Not
Guilty”. ..\Ezra\Gatekeepers Are Not Guilty.pdf
Free manual :
“Doing business in the Netherlands”/
“Geschäftstätigkeit in den Niederlanden
Doing Business in the Netherlands is published by ESJ
accountants and tax consultants.
The purpose of this detailed manual is to guide you
through the investment environment in the
Netherlands. It offers practical information into the
country and how to set up a business, adopting the
ideal legal form, the subsidy schemes, the tax system,
labour law and much, much more.
Published by ESJ, these free manuals provide helpful
information on doing business easily in the
Netherlands. You can download the manual, which is
also available in German “Geschäftstätigkeit in den
Niederlanden”, at www.esjinternational.com
It’s been a mammoth start to the year for leading UK
accountancy firm, Wilkins Kennedy, as they welcome a
number of new starters to the Winchester team.
Philip Collier and Chris Hill all recently joined the rapidly
expanding Winchester office. Phil has come from PWC, he
will continue his training as a Corporate Tax Advisor, whilst
continuing his studies towards an ACA and CTA
qualification. Chris joins as a Business Services Supervisor,
originally from Arlington Accountants Ltd. where he spent 8
years building up his career and gained his ICAEW
qualification.
The office has also welcomed a second batch of “new
starters”, including Helen Thorpe, who left her role at the
NHS to join the admin team as a project administrator;
Viktoriya Smal, a payroll administrator who previously
worked for Dynamite Recruitment and Electron Dynamics as
a payroll administrator, and Stephanie Court, a Personal
Tax Advisor joins from HSBC where she worked as a Tax
Technical Manager.
The news comes following Wilkins Kennedy’s successful merger with FBR Accounting at the end of 2015 as well as the expansion of the current professional services offering, with particular areas of specialism in cloud services.
Winchester office’s
movers and shakers
Update from Stark & Stark
The Partners at Wilkins Kennedy
LLP’s Southampton, UK office are
delighted to announce the promotion
of Miya King to Tax Director, as of
Friday 6th May 2016.
Miya, who can fluently speak and write
Japanese, spent seven years
L-R, Adam Wilson, Miya King, Matthew
Harrison
Wilkins Kennedy Southampton firm
promotes Miya King to Director
honing in her skills at a top four firm
before re-joining Wilkins Kennedy
as a Senior Tax Manager in the
Private Client team. During that
time she has developed extensive
experience and a thorough
knowledge of capital and income tax
planning.
Her large and diverse portfolio
includes entrepreneurs, owner-
managed businesses, and high net
worth individuals, non-domiciled
individuals, property landlords and
developers. Many of Miya’s clients
are based in Hampshire although
her portfolio also extends to London
as well as non-UK residents and a
number of offshore trusts.
Miya commented: "It is always a
great pleasure to provide practical
and original solutions for our clients
to ensure that their underlying
financial and tax affairs are secure
and efficient.”
Adam Wilson, Managing Partner of
Wilkins Kennedy’s Southampton and
Portsmouth offices said: “I am
absolutely delighted for Miya, she
plays a big part in the ongoing
success of Wilkins Kennedy and this
promotion is a measure of my
respect for her and the contribution
she makes to the firm and the
delivery of a first class service to our
clients. I wish her every success for
the future and look forward to many
more years of working with her.”
PROMOTIONS/NEW POSITIONS
- Vassilis Kontoglis and Jenifer LeVine have joined the firm as Business
& IT Advisory Services Managers;
- Rosa DeSousa joined the firm as Resource Manager;
- Claire Washer joined the firm as Talent Management Coordinator;
- Julie Arnold has been promoted to Senior Accountant;
- Marguerite Clifford and Christopher Fennell have been promoted to
Semi-Senior Accountant;
- Amy Quinn has been promoted to Talent Acquisition Specialist.
FIRM NEWS
- Co-Managing Partner Carla McCall was honored with International 2016
ATHENA Leadership Award;
- Partner Matthew Troiano, CPA, joined the Board of Directors for Tailored
For Success, Inc.;
- Nonprofit Tax Attorney Josh England, Esq. presented Lawyers
Clearinghouse’s Legal Workshop for Nonprofits: Online Fundraising: Is
Your Nonprofit in Compliance;
- David Consigli, Jr., CPA, ABV, Director of Business Valuations,
Presented at Massachusetts Bar Association Event in Boston discussing
“Collaborative Law, Case Evaluation, And Hybrids: Designing The Dispute
Resolution Process;”
- Partner James Jumes, MBA, presented at the IAPA International EMEA
Conference in Vienna on Service Organization Controls reporting.
AAFCPAs, Westborough/Boston/Wellesley, USA. www.aafcpa.com
AAFCPAs
announcements: UK Top 20 accountancy firm, Wilkins
Kennedy, has announced a successful
merger with Canterbury based firm
Lakin Clark, with effect from 1st May
2016, bringing the total number of UK-
based offices to 15.
This is the latest office to open in
Wilkins Kennedy’s South region, which
now covers the whole of the county of
Kent. The new Canterbury office will
join the three existing offices in
Ashford, Orpington and Sandwich.
Wilkins Kennedy is no stranger to
growth and has undergone a number
of mergers in recent months, further
securing plans for expansion. The firm
now has 15 UK-based offices in the
South of England and one office in the
Falkland Islands.
The two partners, senior consultant
and 15 staff at Lakin Clark will bring
with them a wealth of experience and
expertise in a variety of sectors and will
represent a valuable addition to the
business.
Wilkins Kennedy
announces
Canterbury merger
Members promoting their firms and IAPA…
in the press….
AAF posting news regarding their
participation at the IAPA EMEA Event
McInerney Saunders posts a news item highlighting its global connectivity through IAPA
A selection of IAPA press clippings….
Above and below: IAPA and Allinial Global integration
in selected global press
New IAPA EMEA Chair announced in the IAB
September
22-25 September BHD Canadian Conference, Winnipeg, Manitoba
30 September EMEA Fly-in Fly-Out event for younger professionals
‘Growing your network; in person and online’, Paris, France
30 September EMEA Senior Audit Meeting, Paris, France (to be
confirmed)
October
23 October IAPA Latin American Regional Conference, Rio de Janeiro,
Brazil
23-26 October IAPA International Conference, Rio de Janeiro, Brazil
November
16-18 November UK200Group Annual Conference, Southampton, UK
December
2-3 December IAPA Deutschland Conference, Neuss, Germany
IAPA Diary for 2016
