As announced last week, this article on the Plan of Accounts inaugurates our Practical Guide to Accounting, a real multi-part course that will keep us busy for a few months. Remember that you can subscribe to our mailing list to not miss the next episodes. ROLE OF THE PLAN OF ACCOUNTS The chart of accounts is made up of an … Read more
In the so-called 2015 Stability Law, the split payment mechanism was introduced for economic relations with the public administration. WHAT IS SPLIT PAYMENT With the new split payment mechanism, the obligations to pay the tax are moved, in relations with public bodies expressly indicated in art. 17-ter, DPR 633/1972, by the transferor / lender to the … Read more
The accounting of banks concerns companies that have relationships with one or more banks for the financial activities necessary to carry out their business and to achieve corporate objectives. Within these relationships, commissions and interest are usually paid on the financial activities carried out. In addition, sometimes loans or mortgages are taken out for the purchase of … Read more
Leasing is an atypical contract by which the company acquires the right to use an asset for a set period of time, against a series of recurring payments, called leasing fees. Through leasing the company does not acquire ownership of the asset, but only the right to use it, in a similar and comparable way … Read more
As Christmas approaches, it is important to know the fiscal discipline of the expenses incurred for gifts and presents. As always, the Italian tax system here too has a multiplicity of possibilities, based on the value of the gift and also in relation to whether the asset is or is not relevant to the business. Let’s go … Read more
DEPRECIATION OF CAPITAL GOODS OR ASSETS Instrumental assets, or assets, are the assets purchased by the company to be used in the production process and / or necessary for carrying out the activity over several years. Instrumental assets therefore represent fixed assets in all respects from the point of view of their specific economic use and … Read more
