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Basic Postulate: Valuation
The basic valuation postulate, included in NIF A-2, establishes that all transactions and economic events that affect an entity must be quantified and expressed in monetary terms. This postulate ensures that the resources, obligations and...
Basic Postulate: Association of costs and expenses with income
The association of costs and expenses with income is one of the basic postulates established in NIF A-2. This postulate establishes that costs and expenses must be recognized in the same period in which the income to which they are associated is recognized....
Basic Postulate: Accounting Accrual
The basic postulate of Accounting Accrual is one of the fundamental principles of accounting, established by the Financial Reporting Standards (NIF) in Mexico. This postulate establishes that economic transactions and events must be recognized in the accounting period.
The Importance of Electronic Accounting in the Digital Age
In the digital age, accounting has undergone a significant transformation thanks to technology. Electronic accounting, driven by digitalization and the use of cloud systems, is revolutionizing the way businesses manage their accounts.
How to make an Annual Tax Return for Individuals and Legal Entities in Mexico
The annual tax return is a fundamental process to comply with tax obligations in Mexico, both for individuals and corporations. This procedure is not only crucial to avoid problems with the Tax Administration Service (SAT), but also to avoid the risk of tax evasion.
Basic Postulate for an Ongoing Business
The concept of "going concern" in the Financial Reporting Standards (NIF) in Mexico is fundamental for the preparation of financial statements. It refers to the assumption that an entity will continue to operate in the foreseeable future, that is, that it does not have the...
Basic Postulate Economic Entity
The Economic Entity (basic postulate) refers to an identifiable unit that carries out economic activities, constituted by combinations of human, financial and material resources. The personality of the economic entity is independent of its shareholders,...
Who can form a Simplified Joint Stock Company (SAS)?
If you are interested in setting up a company in Mexico in record time, consider whether you can set up a Simplified Joint Stock Company. The incorporation of a Simplified Joint Stock Company (SAS) in Mexico is subject to certain requirements and restrictions. In order to...
Simplified Stock Company (SAS)
The process of forming a business corporation can be a real headache and take months to complete. However, there are options that can simplify the process, such as the Simplified Joint Stock Company SAS. Joint stock companies are...
Who should be insured in Social Security in Mexico? (IMSS)
The mandatory social security regime in Mexico establishes that certain people must be insured to guarantee their social protection and access to essential benefits. Paid, personal and subordinate personal service One of the key criteria is...
SAT Invitation Letters
SAT Invitation letters are communication tools used by the tax authority in Mexico to invite taxpayers to correct their tax situation before initiating a formal audit or review procedure. Receive an invitation letter...
The Use of Work Papers in Excel for the Calculation of Tax Obligations
In the Mexican tax context, natural persons with business and professional activity must comply with various tax obligations, among which the calculation and payment of Income Tax (ISR) and Value Added Tax (VAT) stand out. For...
