The Christmas bonus is a labor benefit in Mexico established by the Federal Labor Law (LFT), which guarantees workers additional financial compensation at the end of each year. This right aims to provide financial support to face the challenges of the current economic crisis.
The Simplified Trust Regime (RESICO) for legal entities is a tax option created to facilitate tax compliance for companies with annual revenues of less than $35 million pesos. Through this regime, companies can carry out...
The purchase method is a fundamental pillar in the process of recognizing business acquisitions according to Financial Reporting Standard (NIF) B-7. This approach seeks to ensure that acquisitions are accounted for in a transparent, consistent and fair manner.
This NIF applies to all entities that issue financial statements in accordance with the terms established in Series A of the NIF, and is applicable to entities that make a business acquisition. According to NIF B-7, a business acquisition occurs when a business is acquired by a company.
Financial Reporting Standard B-5 (NIF B-5), entitled “Financial Reporting by Segment”, establishes the guidelines for economic entities to disclose detailed information about their different operating segments. The purpose of this standard is to:
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