Ismael Llamazares Martinez

🔴 Online Masterclass with CFA Society Spain: Essential Skills for Portfolio Managers and the Future of the Industry 💻 Join us for an insightful session to explore the dynamic landscape of Portfolio Management and the skills required to succeed in this evolving industry. 🗣 Our esteemed speaker, Javier López Bernardo, Ph.D., CFA, will delve into the core skills required to excel as a portfolio manager, from financial analysis and risk assessment to a wide range of mental models. 👉  Save your spot and get more info here: https://lnkd.in/d5XquvTS #businessschools #financemasterclass

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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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Strengthen Your Internal Controls! 🔍 HLB Puerto Rico’s internal audit services not only assess and improve the effectiveness of your risk management, control, and governance processes, but also add strategic value by identifying operational improvements. Enhance your organization’s operations and mitigate risks with our tailored audit solutions. 📞 Call now to strengthen your internal controls! #InternalAudit #RiskManagement #HLBPuertoRicoLLC

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𝐓𝐡𝐞 𝐭𝐨𝐩 𝟑𝟎 𝐥𝐚𝐰𝐲𝐞𝐫𝐬 𝐢𝐧 𝐒𝐩𝐚𝐢𝐧 𝐟𝐨𝐫 𝟐𝟎𝟐𝟒 Joaquin Latorre Tambo, PwC Tax & Legal, is part of the “Big Four representatives” according to IBERIAN LAWYER’s ranking. The Big Four representatives represent the legal divisions of the Big Four, serving as key figures who have successfully integrated legal services within consultancy and auditing firms, while adapting to the shifting demands of the market. "It leads the big four legal firm with the highest revenue in Spain, ranking fourth by turnover, just below the major national firms Garrigues, Cuatrecasas, and Uría.” […] To read the full profile download the latest issue of Iberian Lawyer >> https://lnkd.in/dK_Aq3UW Iberian Lawyer highlights the 30 leading lawyers shaping Spain’s legal landscape in 2024. These professionals have been divided according to their influence and contribution to the legal market, and as such, we can distinguish between: - Undisputed leaders - Champions of positive change - Rainmakers - Rising leaders - Consolidators - Big Four representatives To see the full ranking and criteria, download the latest issue of Iberian Lawyer >> https://lnkd.in/dK_Aq3UW #IberianLawyer #BigFour #magazine

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Cuatrecasas has advised MoraBanc Grup on the acquisition of the shares representing the entire share capital of Banco Europeo de Finanzas, currently owned by Unicaja Banco. The transaction, which is subject to the non-opposition of the European Central Bank and the authorization of the Andorran Financial Authority, will allow MoraBanc to acquire a banking license in Spain with which to strengthen the value proposition for its clients in the country. The acquisition of a bank is a natural additional step in MoraBanc’s long-term strategic growth plan in Spain. The firms team that accompanied MoraBanc in the process was led by lawyers Fernando Mínguez Hernández and Marco A. Sanz, from the corporate group, with the participation of Carlota Tojo Pérez, Rosa Coloma Rodríguez, Julián Ruan Rollán, Irene González Baltés and Mario Sanz, also from corporate. The governmental authorization aspects of the transaction were handled by a team led by Soraya Sáenz de Santamaría, and the tax and labor aspects by teams led by Elizabeth Malagelada and Juan Bonilla, respectively. Read the article >> https://lnkd.in/dU285dcj #IberianLawyer #legaladvisor #acquisition

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Free Webinar - Taxation and financial planning for expatriates in Spain. Join myself and Entre Trámites next Wednesday 15th May at 2pm CET. We explain the best strategies to optimize your financial resources and ensure effective tax planning in Spain. Click below to register 👇

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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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🌿💡 In a recent interview with leading Spanish newspaper Expansión, Madrid Partner Luis Soto highlighted the urgent need for better incentives in sustainable investment.   He shed light on the tax complexities and the 7% electricity production tax, which was reactivated at the beginning of the year, emphasising the global competition for green investors.   Read his full interview here (subscription required): https://lnkd.in/eBQkwETd #WFW #Renewables #SustainableInvestment

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Inheritance taxes in Spain? 🇪🇸 Check out our new article and find out about this taxes and how to proceed…!!! #inheritance #inheritancetaxes #inheritancetaxesinSpain #grupohereda #impuestos #spain https://lnkd.in/dBviqmwa

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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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Absolutely! Integrating your bank transactions with your ERP system streamlines your accounting processes and provides real-time visibility into your financial situation. By automatically importing transactions, you can accurately record payments and receipts, reconcile invoices, and maintain up-to-date financial records. This not only saves time but also reduces the risk of errors associated with manual data entry. Overall, it enhances efficiency and enables better decision-making by providing comprehensive insights into your company's financial health. #AccountingIntegration #ERP #FinancialVisibility

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Research, development and innovation are key for the competitiveness of businesses but can incur considerable expenses in some cases. Spain’s tax regime, however, allows for the (partial) deduction of these expenses in the Corporate Income Tax. Tax Partner Gustavo Yanes Hernández explains the optimisation options for research-based companies in Spain and in the Canary Islands on our blog: https://lnkd.in/dhHxHhBd #taxbenefit #corporatetax #taxplolicy #RDI #taxincentive #taxoptimisation

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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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Calling all Expats in Spain! 🆓 Don't miss this free webinar: Taxation and Financial Planning for Expatriates in Spain. Join Nicole Sandler and Louis Williams, CFA on Wednesday, May 15th at 2:00 PM CET as they answer all your burning tax and financial planning questions. Click the image below to register! #taxes #taxesinspain #expats #expatsinspain #webinar #financialplanning Entre Trámites 🚀

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