Just Released: Business World September 2019

August 2019

Russell Bedford International has released the September edition of its biannual magazine, Business World.

Business World delivers the latest views and analysis written by specialists from within the Russell Bedford network, together with guest authors from various other organisations from around the world. 

Articles in the latest edition include:

Technological evolution - the challenge for business leaders

Is automation and artificial intelligence a threat to traditional business models? Justin Woods, partner of Russell Bedford's Sydney member Camphin Boston, debunks some of the pessimistic myths that hold so many businesses back from embracing technological change.

Directors of Spanish companies - financial reporting duties

As a substantial number of companies that have been established in Spain are subsidiaries of foreign parent companies, it can often be the case that the board of directors of a Spanish subsidiary comprises members who are non-resident and have little experience of Spanish financial reporting obligations. This can result in directors being unaware of the potential liabilities of failing in their duties as directors. 

Jaime Navarro, partner of Russell Bedford's Zaragoza member, Navarro Llima Abogados, shares his expertise on some the most important elements that directors should be aware of. 

Five lessons from the last US tax season

When US taxpayers filed their tax returns this year, it was the first time they dealt with significant tax reform in more than 30 years. The Tax Cut and Jobs Act became law in 2017 and overhauled much of how individuals and businesses are taxed. Understanding how the law would impact our clients and implementing the law on tax returns brought challenges.

In this article, Karen Snodgrass, a principal at Russell Bedford’s Chicago member firm Cray, Kaiser Ltd discusses the top five learning points from the last US tax season.

Transfer pricing - overview of Japanese tax reform

Japan has recently introduced its own tax reforms with the intention of bringing its treatment of transfer pricing in line with the guidelines contained in the OECD final report arising from the BEPS project. The reforms also implement the OECD guidance on hard-to-value intangibles (HTVI) and its views on the shifting of profits.

Here Masatoshi Ito, partner of Shinsei International Tax Co., the Tokyo member firm of Russell Bedford, reviews the main changes.

Managing one of the overlooked aspects of growth: business change

How can businesses maintain a lucrative growth trajectory - the million dollar question. Hartley Cohen, partner of Russell Bedford’s Toronto member firm KRP, believes that managing change has a lot to do with business success.

Here Hartley shares six high-level operational considerations that every entrepreneur should address as their business grows and needs to adapt, which could make the difference between success and failure.

Cyber resilience - a good place to start

The growing recognition that cyber attacks and data breaches are on the rise puts the onus on all businesses and organisations, in both the public and private sectors, to protect their data and their systems from malicious intrusion. You don’t have to be a prominent government agency to be of interest to tech-criminals.

Here Steven Ling, a special projects manager at Saward Dawson, the Melbourne member of Russell Bedford, discusses the ins and outs of cyber resilience and provides some useful advice as to how you can protect your business.

The rise of FinTech in banking

Innovation has transformed many industries during the last twenty years; this is no truer than in the financial services industry. Traditional banks have been able to maintain their dominant position in everyday financial life, both commercial and domestic, largely due to high levels of regulation acting as a barrier to entry.

Here José Antonio Gutiérrez, partner at Russell Bedford’s Mexico City firm, discusses how technology has impacted the industry, and how the banks are now witnessing the arrival of high-tech new competitors that threaten their dominance.

To read the latest edition of Business World in full, visit the Business World page of the Russell Bedford website here. Business World is also available from member firms of the global accounting network.