2 06 2021

5 Reasons your Financial Advisor Should Help You With Your Tax Return

2021-06-02T14:55:37+02:00June 2nd, 2021|Uncategorized|

Taxes are one of the most complicated algorithms on the planet. Why? Because not each of our tax plans are ever the same. There could always be that little something that you're missing out or completely neglecting, that can pull down your net income. It's impossible to build long-term growth and wealth without paying attention to your taxes. Tax returns and refunds, done the correct way can help you become more tax efficient. If you're doing your taxes alone then ...

24 05 2021

Compensation of bills for PA creditors also in 2021

2021-05-24T08:31:36+02:00May 24th, 2021|Uncategorized|

Also in 2021, companies and self-employed workers who have commercial and professional credits towards the Public Administration can compensate them with the sums due following registration in the role. The novelty is provided for by the new paragraph 17-bis of art. 1 of Legislative Decree 41/2021 (so-called “Sostegni”), inserted during the conversion into Law 69/2021, published in the Official Gazette of 21 May last.

24 05 2021

Tax credit for non-4.0 tangible assets usable in a single solution

2021-05-24T08:25:00+02:00May 24th, 2021|Uncategorized|

The so-called Sostegni-bis Decree approved by the CdM on 20.05.2021 provides for interventions in favor of companies divided into 7 lines of action, including, with an allocation of approximately 9 billion euros, access to credit and liquidity of companies. Among the measures to support liquidity, the Decree intervenes by modifying the rules for the use of the new tax credit regulations for investments in capital goods, providing for the extension also to subjects with revenues greater than or equal to 5 million euros of the right to use credit clearing ...

13 05 2021

An Accountant's Guide to Post Pandemic Growth in Italy

2021-05-13T15:07:06+02:00May 13th, 2021|Uncategorized|

The COVID-19 pandemic made 2020 incredibly unpredictable for most countries- that includes Italy. With the virus now winding down due to an increase in the number of vaccination jabs and "business as usual" beginning to resume across the globe, we at Studio MG think it's crucial for accountants or as we call them in Italy –Accountants to take a proactive approach in ensuring that our clients experience post-pandemic growth, whether they are individuals or firms. The Italian government through its ...

26 03 2021

Installments from "Scrapping of roles" and from "balance and excerpt of omitted payments" extension of the payment terms

2021-03-26T17:27:59+01:00March 26th, 2021|Facilities, Uncategorized|

As a result of Legislative Decree 41/2021, the installments deriving from the "scrapping of the roles" (including the scrapping of the roles inherent to customs duties / import VAT) and the so-called "balance and excerpt of omitted payments" are postponed. The payment, without suffering any forfeiture and increase of penalties and interest, can take place: by 31.7.2021, for installments due in 2020; by 30.11.2021, for installments due on 28.2.2021, 31.3.2021, 31.5.2021 and 31.7.2021. Before the DL 41/2021, the payment of ...

26 03 2021

LOST FUND CONTRIBUTION for reduction of the rent

2021-03-26T17:28:31+01:00March 26th, 2021|Facilities, Uncategorized|

For the purpose of coordination between rules, art. 42 co. 8 of Legislative Decree 41/2021 repeals the paragraphs of the 2021 budget law (L. 178/2020) which provided for a duplication of the non-repayable contribution for the landlord of the property (used as a main residence by the tenant) located in a high voltage municipality housing that reduces the rent, already provided for by art. 9-quater of Legislative Decree 137/2020 (so-called "Refreshments"), conv. L. 176/2020. Consequently, the only measure referred to in art. ...

26 03 2021

LOST FUND CONTRIBUTION

2021-03-26T17:26:30+01:00March 26th, 2021|Facilities, Uncategorized|

The art. 1 of Legislative Decree 41/2021 provides for a new grant for non-repayable persons with VAT numbers: who carry out business activities, art or profession or produce agricultural income; resident or established in the territory of the State. In any case, the following are excluded from the contribution: subjects whose activity was terminated on 23.3.2021 (date of entry into force of Legislative Decree 41/2021); subjects who have activated the VAT number from 24.3.2021. 2.1 conditions The contribution is due on condition that: the revenues / fees ...

17 02 2021

Simple guide to the new European rules on default

2021-02-17T09:05:39+01:00February 17th, 2021|Uncategorized|

The Associations participating in the CIRI Table (Inter-Associative Sharing Table on International Regulatory Initiatives) have developed a guide, available online, on the new European rules on the definition of default that banks will have to apply by January 1, 2021. new European rules on the classification of debtors in “default” (ie, in a state of default on an obligation to the bank) establish more stringent criteria and methods than those adopted so far by Italian financial intermediaries.

17 02 2021

Superbonus 110%: the updated guide of the Revenue Agency is online

2021-02-17T08:51:30+01:00February 17th, 2021|Uncategorized|

The guide to the "Superbonus 110%" with all the updates made by the 2021 Budget law, which has expanded the scope of the measure known as Superbonus, is available on the Inland Revenue website, in the appropriate section "the Agency informs". This is the deduction rate increased to 110% of the expenses incurred from 1 July 2020 to 31 December 2021, against specific interventions in the field of energy efficiency, seismic risk reduction interventions, installation of photovoltaic systems as well as infrastructure for ...

17 02 2021

Isa: the new causes of exclusion

2021-02-17T08:50:55+01:00February 17th, 2021|Uncategorized|

The decree of February 2, 2021 of the Ministry of Economy and Finance, published in the Official Journal no. 33 of 9 February 2021, approved the new additional causes for exclusion from the application of the synthetic indexes of fiscal reliability (Isa) for the 2020 tax period, in order to take into account the extraordinary effects of the economic and market crisis , consequent to the health emergency caused by the spread of Covid-19. The decree provides that, for the tax period in progress at 31 December 2020, ...

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