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Press Releases from Russell Bedford International (124 total)

Russell Bedford supports World Bank Doing Business for 11th consecutive year

Professional services network Russell Bedford International has, for the 11th consecutive year, assisted the World Bank in researching its annual Doing Business project, contributing data on tax regulation, recent reforms, and the real costs of tax compliance worldwide. The report, Doing Business 2020 (which can be downloaded HERE), which over 40 Russell Bedford firms contributed to, shows that governments worldwide are motivated to undertake business reforms with the goal of

World Bank 2018 Doing Business report cites India as the world's most improved b …

Russell Bedford International member firm the Sharp & Tannan Group has again assisted the World Bank in researching its annual Doing Business project. This year’s report, Doing Business 2018: Reforming to Create Jobs, reveals India to be this year’s best performer, up 30 places in the overall Ease of Doing Business rankings (reaching the top 100 for the first time) and up 53 places in the report’s Paying Taxes survey. Published

Vietnam up a staggering 81 places in this year’s World Bank Paying Taxes surve …

This year’s report, Doing Business 2018: Reforming to Create Jobs, shows Vietnam up 81 places in the report’s Paying Taxes survey, and up 14 places in terms of overall rankings for Ease of Doing Business. Published annually since 2003, the World Bank Doing Business project provides objective measures of business regulations for local firms in 190 economies worldwide. Russell Bedford International member firms have assisted the World Bank in researching its

Ukraine up 42 places in this year’s World Bank Paying Taxes survey

This year’s report, Doing Business 2018: Reforming to Create Jobs, shows Ukraine’s tax regime to be one of the best improved over the past 12 months, with the country rising 42 places, from 84th to 43rd. Published annually since 2003, the World Bank Doing Business project provides objective measures of business regulations for local firms in 190 economies worldwide. Russell Bedford International member firms have assisted the World Bank in researching

El Salvador the stand-out tax reformer in this year's World Bank Doing Business …

Russell Bedford International member firm Cornejo & Umaña, Ltda. de C.V., El Salvador, has again assisted the World Bank in research for its Paying Taxes survey, part of its annual Doing Business project. Published annually since 2003, the World Bank Doing Business project provides objective measures of business regulations for local firms in 190 economies worldwide. Russell Bedford International member firms have assisted the World Bank in researching its annual

Russell Bedford Hong Kong appoints new director

Russell Bedford Hong Kong, member firm of the Russell Bedford global accounting and audit group in Hong Kong, announces promotion of Erica Xiong to director of tax and business advisory services. Erica has acquired almost 15 years’ experience in the tax and business advisory field, joining Russell Bedford Hong Kong in 2008. She spent her early career in Australia having graduated from Monash University, Australia with a Bachelor of Commerce (Accounting

All roads lead to Rome – Past, present and future

The exclusive Parioli district was the location for the 34th Annual Conference in the magnificent city of Rome, Italy. Held at the five star Parco dei Principi Grand Hotel & Spa on 18 - 22 October 2017, and hosted by Rome member firm SITAX - Studio Tributario Internazionale, the conference saw record numbers of attendees congregate for the most important event of the network's year. We were delighted to introduce some

Steven Tan Russell Bedford appoints two new partners

Russell Bedford Steven Tan PAC, member firm of the Russell Bedford global accounting and audit group in Singapore, has expanded to a five-partner practice with the appointment of Eugene YIO and KI Lian Heng. Eugene and Ki have, between them, over 30 years of experience in audit and assurance, both spending a number of years with a Big-4 firm. Eugene has been involved in the statutory and non-statutory audit of various international

Brexit – what next?

Commentators have been shocked by the depth of divisions revealed by the UK’s decision to leave the European Union. North and south, young and old, it seems have revealed starkly differing views on the country’s place in the world and the best means of positioning itself in a rapidly changing economic order. We asked the partners and staff at Russell Bedford member firms Cooney Carey, Dublin, and Lubbock Fine, London,

Russell Bedford expands Swiss presence with firm in Lugano

International professional services group Russell Bedford has expanded its presence in Switzerland with Revigeco SA, Lugano, joining as the member in Ticino, the Italian-speaking region. Originally established in 1984, Revigeco was taken over by Carlo Peduzzi in 1992. The firm now has four principals. Revigeco’s main activities are accounting and tax for corporate entities and tax services for private clients. Through its associated practices, it also provides property management, payroll and company

Russell Bedford appoints KBBS as member in Mauritius

Kross Border Business Solutions confirmed as member of Russell Bedford global accounting network in Mauritius International professional services group Russell Bedford has re-established its presence in Mauritius with Kross Border Business Solutions Ltd (KBBS) as the network’s member firm. The new firm was the domestic arm of previous Russell Bedford member Kross Border Corporate Services (KBCS), which was acquired in 2015 by an international conglomerate. Now hived off as an independent practice, KBBS

Russell Bedford member firm launches SMP eGaming

Russell Bedford member firm SMP Partners, Isle of Man, has announced the launch of SMP eGaming, a specialist consultancy practice. After six years as a major player in the industry, and a dominant force behind the growth of the Isle of Man's gaming sector, the SMP Group has decided the time is right to create a dedicated eGaming consulting company. SMP eGaming provides objective and unbiased advisory services, multi-jurisdictional licensing, regulatory compliance

Russell Bedford Poland ranked in top four mid-tier tax advisers

Business newspaper DGP names Russell Bedford Poland as one of the country’s top firms Poland’s leading daily legal and business journal, Dziennik Gazeta Prawna (DGP), has ranked Russell Bedford International member firm Russell Bedford Poland as one of the one of the country’s top four mid-tier tax and legal consulting firms. Conducted annually for the past 10 years, the DGP survey ranks the country’s leading tax advisers in terms of revenues, client

Russell Bedford discuss the UK EU referendum: doing business in a post-Brexit wo …

Britain’s vote to leave the EU has left politicians and markets reeling. But while the new political order undoubtedly presents challenges, those businesses most likely to weather the storm will be those with the flexibility to adapt to it. And for these, the new economic order could promise opportunities in the longer term. After the stunning 52:48 vote in favour of the UK leaving the European Union on 23 June 2016,

UK EU referendum: doing business in a post-Brexit world

After the stunning 52:48 vote in favour of the UK leaving the European Union on 23 June 2016, businesses the next day woke up to a new world. Initial responses – from politicians as much as the markets – have done little to abate a sense of disbelief. But in the face of such unprecedented change, it would be wrong to lose a sense of context. The FTSE’s 100 has

Russell Bedford publishes March 2016 edition of Business World magazine

New edition of magazine features a range of insightful articles on topics affecting business owners Russell Bedford has recently released the March 2016 edition of its regular Business World magazine, a publication aimed primarily at owners and managers of small and medium-sized enterprises. Business World delivers views and analysis written by specialists from within the Russell Bedford network, together with guest authors from other organisations. Articles in the March 2016 edition

Russell Bedford welcomes K.J. Westerberg & Co as a member firm in Tampere, Finla …

International professional services group Russell Bedford has expanded its European coverage with Tilitoimisto K.J. Westerberg & Co., Tampere, Finland, joining alongside the existing Finnish member, WaBuCo Financial Services Oy, Helsinki. Located in Finland’s third largest city, K.J. Westerberg is a long-established family-owned group founded in 1959 by the father of the current partners, Kaj and Tommy Westerberg. Originally a small audit practice, the firm has developed into one of the leading providers

Russell Bedford launches mobile directory app

Global professional services group Russell Bedford International has announced the launch of an iPhone, iPad and Android app which provides a mobile directory of the network's members and correspondents, office locations and contacts around the world. The app allows users to: search and quickly find Russell Bedford members and correspondents around the world; e-mail or call contacts in the firms directly; zoom into office locations using Google Maps; find the way

Greece continues its rise in World Bank Doing Business Report rankings

The latest edition of the annual World Bank Doing Business Report shows Greece continuing its rise up the global rankings, up four places from 65th to 61st. The country’s tax environment is not so positive, however, with the country slipping from 41st place to 59th in the Paying Taxes survey. The latest report, Doing Business 2015: Going Beyond Efficiency, examines the compliance burden on entrepreneurs in 189 jurisdictions worldwide.

Ireland edges ever closer to becoming one of the world’s top 10 business locat …

The Republic of Ireland has again edged ever closer to becoming one of the world’s top 10 highest-ranked business locations, moving up four places to 13th place in the latest edition of the annual World Bank Doing Business report. The latest report, Doing Business 2015: Going Beyond Efficiency, examines the compliance burden on entrepreneurs in 189 jurisdictions worldwide. Russell Bedford member firms have contributed to each of the report’s

Bill Rucci takes over as Russell Bedford chairman

Russell Bedford International has announced that William (Bill) F. Rucci, Jr., CPA, MST, the president of Boston area member firm Rucci Bardaro & Falzone, has been elected chairman of the international board of management following the retirement of Geoff Goodyear at the accounting network's 2014 annual general meeting in London. Bill Rucci was vice-chairman of Russell Bedford International for two years as part of a transition process, and he continues to

Russell Bedford firm SMP Partners makes digital currency history

SMP Partners, a member firm of Russell Bedford International, has made history by becoming the first corporate service provider in the Isle of Man to accept Bitcoin payment from its clients. The decision to allow invoices to be settled with Bitcoin is part of the firm’s commitment to embrace digital currency. SMP Partners already has an established Digital Currency team, led by Andrew Corris, and is engaged with a number

Russell Bedford now ranked 12th in Mexico

Global professional services group Russell Bedford has seen its national Mexico network move up one place, from 13th to 12th, in the most recent International Accounting Bulletin (IAB) country survey. Recording a growth rate of 11 per cent on 2013, with annual fee revenues now standing at MXN 221,900,000, Russell Bedford Mexico’s higher rating reflects the addition of new affiliates, VGE Contadores y Asesores Fiscales, S. C. and Organización Descom, S.C.,

Russell Bedford boosts Turkish presence with Istanbul member firm

International professional services group Russell Bedford has expanded its coverage in Turkey with the addition of an Istanbul firm, Ulusal Bağımsız Denetim ve YMM A.Ş. (UBD), as a network member alongside long-standing Ankara member DMF System International. Established in 2001, UBD is a firm of independent auditors and certified public accountants with its head office in Istanbul and branches in Adapazari/Sakarya, Mudanya/Bursa and Gaziantep. With three partners (Hakverdi Yaradilmiş, Hasan Yüceer and

Kaiser Scherer & Schlegel joins Russell Bedford US network

International accounting group Russell Bedford has extended its presence in the United States with the addition of a new Washington DC member firm - Kaiser Scherer & Schlegel, PLLC - based in McLean, Virginia. Established 35 years ago, Kaiser Scherer & Schlegel (KSS) is a full-service CPA firm with eight principals, including three equity partners: Elizabeth Kaiser, Ned Scherer and Jeff Schlegel. Many of the firm's principals and staff

SMP Accounting & Tax appoints Rachael Hooper as Tax Manager

Russell Bedford member SMP Accounting & Tax Limited, one of the Isle of Man’s largest accounting and tax firms, has appointed Rachael Hooper as a manager in its Tax Department. Rachael will be working in all areas of UK, Isle of Man and International taxation, with a particular focus on UK resident non-UK domiciled individuals, Trusts and Inheritance Tax. After qualifying as a Chartered Accountant with a Big Four accountancy firm, Rachael

FBL joins the Top 10 accounting firms in Quebec

Russell Bedford's Montreal member FBL made the headlines recently in Quebec's leading business and financial weekly newspaper Les Affaires, which included a special feature on the major accounting firms - 'Les Grands de la comptabilité'. FBL partner Marcel Bergeron was interviewed by Les Affaires, and commented on his firm's activities over the last year, particularly with regard to its growth from 130 to 200 personnel across the province of Quebec.

Late payments impacting liquidity for 80 per cent of Spanish businesses

A recent Europe-wide business survey suggests late payments are putting additional pressure on Spanish businesses, with 80 per cent claiming late payments are severely impacting liquidity. The problem appears to be universal across Europe, with 55 per cent of businesses reporting late payments resulting in loss of income, 63 per cent claiming additional pressures on liquidity, and 50 per cent citing late payments as having a direct impact on company growth.

Customers' late payments forcing Irish businesses to dismiss staff

A recent Europe-wide business survey has revealed no improvement in the pressure on European businesses from customers’ late payments, with 55 per cent of businesses across Europe reporting late payments resulting in loss of income, 63 per cent claiming additional pressures on liquidity, and 50 per cent citing late payments as having a direct impact on company growth. In the Republic of Ireland, 47 per cent of businesses surveyed claimed

Late payment – the hidden challenge facing Europe's businesses

A recent Europe-wide business survey has revealed no improvement in the pressure on European businesses from customers’ late payments, with 55 per cent of businesses across Europe reporting late payments resulting in loss of income, 63 per cent claiming additional pressures on liquidity, and 50 per cent citing late payments as having a direct impact on company growth. In the Republic of Ireland, 47 per cent of businesses surveyed claimed

Russell Bedford firms win major EC audit contract

A major European Commission (EC) framework contract for audit services has been won by a grouping of three Russell Bedford member firms. The group, led by Lubbock Fine (London), includes Equation (Paris) and Domus (Berlin). The substantial contract, awarded to the consortium as first-ranked contractor, is to provide financial audit services to the EC in relation to research grants under the Seventh Framework Programme for Research and Technological

Korean businesses spending less time on tax compliance, says latest World Bank r …

The latest World Bank Doing Business report suggests South Korean businesses are saving 20 hours per year on meeting their tax compliance obligations. With the report now in its 11th year, Doing Business 2014: Understanding Regulations for Small and Medium-Size Enterprises analyses the impact of regulations throughout the business lifecycle across 189 jurisdictions, ranking economies on the basis of 10 indicators including ease of starting a business, and paying taxes.

Russell Bedford grows Italian network with addition of Magagnoli & Associati

Global professional services group Russell Bedford International has expanded its Italian network with the addition of Bologna-based tax, accounting and corporate consulting specialists Magagnoli & Associati. Originally established as a corporate tax services practice in 1970, Magagnoli & Associati has since grown into a multi-service firm serving clients predominantly in the manufacturing and industrial sectors, including a number of companies active in Asia, Africa and Latin America. The firm

Russell Bedford gains new correspondent firm in Panama

Global professional services group Russell Bedford International has announced the appointment of ARVA Contadores Públicos Autorizados (ARVA CPAs) as the network's correspondent in Panama. Established in 1985 by a team of three former partners of Big Four firms, ARVA CPAs has since built a market-leading reputation in the provision of internal and external audit, domestic and cross-border tax consulting, and payroll outsourcing. Commenting on the firm's new affiliation, managing partner

Russell Bedford firm RBSM combines with Sherb & Co

RBSM LLP, the New York member of the Russell Bedford CPA firm network, has acquired the accounting practice of Sherb & Co LLP based in New York and Boca Raton, Florida. The combined firm will operate under the RBSM LLP name. As a result of the acquisition, RBSM’s partner group has expanded with the addition of Howard Brodman and Manny Tzagarakis. Peter Stefanou will continue as the firm's managing partner. Howard Brodman

Talal Abu-Ghazaleh & Co. International and Russell Bedford International form ne …

HE Dr Talal Abu-Ghazaleh, chairman of professional services and education group Talal Abu-Ghazaleh & Co. International (TAGI) and Mr Geoff Goodyear, chairman of global accounting and audit network Russell Bedford International, have announced the signing of a Memorandum of Understanding (MoU) between their two organisations. Updating their existing cooperation agreement, this new commitment will further enhance both groups’ capabilities in supporting international organisations, multilateral agencies, and national governments in

Russell Bedford Austin member merges with San Francisco Bay Area firm

Austin-based PMB Helin Donovan LLP, a member of the Russell Bedford CPA firm network, has merged with BBR LLP, a leading firm from the San Francisco Bay Area. The combined firm will operate under the PMB Helin Donovan name. The merger increases PMB Helin Donovan’s revenues by 30 percent, to more than $21 million annually. That revenue means it becomes one of the top 150 accounting firms in the USA,

AF Innovación merges into Russell Bedford Spanish network firm

A specialist consulting practice in the field of research and development grants, loans and tax incentives, AF Innovación, has merged with Russell Bedford España Auditores y Consultores (RBE). As a result, six professional personnel have been incorporated into the firm’s Madrid office and five into Valencia, and the practice’s owner, Miguel Ángel Ortega, has become an RBE partner based in Madrid. Due to the nature of its business, AF

Two new Luxembourg firms join Russell Bedford network

Hoche Partners Trust Services S.A. and Avega Revision S.à r.l. have been appointed as the new Luxembourg member firms of the global Russell Bedford professional services network. Hoche Partners Trust Services S.A. (HPTS), forms part of Hoche Partners, an international group serving high-net-worth individuals and institutional investors in the areas of private equity, real estate and family office services. Established in Luxembourg in 2005, HPTS offers a broad range of services related

Russell Bedford member firm Lubbock Fine promotes three to partnership

Lubbock Fine Chartered Accountants, a founding member firm of global accounting network Russell Bedford International, has announced the promotion of Andy Noton, Neil Williams and Phil Moss to the partnership. These promotions underline the firm’s continuing strength in UK and international tax, the creative industries, and the SME sector. Managing partner Mark Turner commented: "Andy, Neil and Phil have been central to the continued growth of our core business sectors and these

World Bank Doing Business report cites Russia as the most improved tax regime wo …

Now in its 10th year, the 2013 edition of the World Bank Doing Business report, Doing Business 2013: Smarter Regulations for Small and Medium-Size Enterprises, assesses regulations affecting domestic firms in 185 economies, ranking each on the basis of various criteria including ease of starting a business, insolvency resolution, and cross-border trade. Since 2009, Russell Bedford member firms have contributed to the report’s Paying Taxes survey, which examines the

UK one of the best locations for business lending?

Now in its 10th year, the World Bank Doing Business report series assesses regulations affecting domestic firms in 185 economies, ranking each on the basis of various criteria including ease of starting a business, insolvency resolution and cross-border trade. The latest report, Doing Business 2013: Smarter Regulations for Small and Medium-Size Enterprises, shows the UK again at the top of the rankings (with Malaysia and South Africa) on the ease of

Russell Bedford Boston-area firm announces name change

Boston area accounting and business advisory firm Rucci Bardaro & Barrett is now Rucci Bardaro & Falzone, the company announced today. The name change reflects the amicable departure of partner Christopher Barrett, and recognizes the leadership role of Salvatore P. Falzone Jr., CPA, a twelve-year partner of the firm. Falzone joined the firm in 1999 and was named a partner in 2000. He was appointed to its board of

Russell Bedford International announces result of 2012 board election

Russell Bedford International has announced that William (Bill) F. Rucci, Jr., CPA, MST, the president of Boston area member firm Rucci Bardaro & Falzone, has been made Vice-Chairman of the international board of management following ratification of his appointment at the accounting network's 2012 annual general meeting in Buenos Aires. Bill Rucci was also re-elected at the AGM as one of two directors representing North America on the nine-member board.

Singapore holds on to top spot in World Bank Doing Business rankings

The annual World Bank Doing Business report shows Singapore holding on to its lead ranking as the world’s most business-friendly economy. With the Doing Business series now in its 10th year, the new report, Doing Business 2013: Smarter Regulations for Small and Medium-Size Enterprises, assesses regulations affecting domestic firms in 185 economies, ranking each on the basis of various criteria including ease of starting a business, insolvency resolution, and cross-border

Georgia now one of the world’s top ten countries for business

The annual World Bank Doing Business report this year ranks Georgia the 10th most conducive business environment worldwide, up three places from last year’s ranking of 12th. The report also cites Georgia as “the top improver since 2005 both in Eastern Europe and Central Asia”, an achievement it attributes to no fewer than 35 institutional and regulatory reforms since that date, including the implementation of “one-stop-shop” registration for new

Russell Bedford Prague partner elected as President of Confédération Fiscale E …

Jiří Nekovář, senior partner of Euro-Trend, the Russell Bedford member firm in Prague, Czech Republic, has been elected as President of the Confédération Fiscale Européenne (CFE) for a two-year term starting 1 January 2013. The election was held at the General Assembly of the CFE which took place on 21 September 2012 in Bucharest, Romania. The CFE is an umbrella organisation for 32 national bodies and more than 180,000 tax advisers

Russell Bedford provides support for 10th edition of the World Bank Doing Busine …

Member firms of global professional services network Russell Bedford International have again assisted the World Bank in the compilation of its annual Doing Business project, contributing data on current tax regulation, recent reforms, and the real impact of tax compliance on businesses worldwide. While Singapore tops the league as the world’s best business location, the emerging markets are again revealed as the most pro-active in reducing regulation, with Poland the

Autumn 2012 edition of Business World magazine is now available

The Russell Bedford accounting network has published the Autumn 2012 edition of its twice-yearly Business World magazine, a publication aimed primarily at owners and managers of small and medium-sized enterprises. Business World delivers views, analysis and guidance written by specialists from within the Russell Bedford network, together with guest authors from other organisations. In line with Russell Bedford's commitment to support youth entrepreneurship, several articles in the current edition are targeted at

Russell Bedford firm wins contract to audit Uruguay's National Development Corpo …

Stavros Moyal y Asociados S.R.L., the Russell Bedford accounting group's Uruguayan firm, has won the contract to audit the National Development Corporation (Corporación Nacional para el Desarrollo - CND) for the period 2011 - 2013. The audit was won in public competition against Big-4 firms. CND was created in 1985 as a facilitator for the implementation of the country's development policies, both nationally and internationally.  The assignment involves the audit of

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