News

Information about Mainstay LLC was entered into the register of audit organizations providing audit services to publicly important organizations.

On October 03, 2023, information about Mainstay LLC was entered into the register of audit organizations of the Federal Treasury, which contains a list of companies providing audit services to publicly important organizations.

The President of Russian Federation has signed Decree No. 844 dated November 8, 2023 "On Additional Temporary Measures of Economic Nature Related to the Circulation of Foreign Securities".

President Vladimir Putin has signed a decree which provides for additional temporary measures of an economic nature related to the circulation of foreign securities. According to the document, Russian investors are allowed to sell blocked "unfriendly" foreign securities to non-residents.

The IASB is developing a new standard on the presentation of financial statements

The IASB is currently developing a new standard on presentation of financial statements. In discussing the draft standard, the Board is considering requiring disclosure of the amounts included in each line item in the statement of profit or loss for depreciation, amortisation and employee benefits.

New standards for disclosure of information about an entity's sustainability performance

In June 2023, the newly formed International Sustainability Standards Board (ISSB) of the IASB published two standards for disclosure of information about an entity's sustainability performance, IFRS S1 and IFRS S2.

The draft law on ensuring access to consolidated financial statements of organisations will become effective from 1 March 2024.

The main innovation of the draft law from the Ministry of Finance "On Amending the Federal Law "On Auditing Activities" and Article 18 of the Federal Law "On Accounting" is that auditors...

Mainstay Open Day in Vladivostok

At 19-th of October at an Open Doors Day 24 students from Far Eastern Federal University visited the office of Mainstay LLC in Vladivostok.

The Ministry of Labor has published a draft law on raising the minimum wage by 3,000 roubles.

IThe minimum wage will increase by 18.5% and will amount to 19,242 rubles. This follows from the draft law, which was prepared by the Ministry of labor.

Law on a one-time tax on excess profits of large companies

The Internet portal of legal information published Federal Law No. 414-FZ dated 04.08.2023 on a one-time tax on excess profits of large companies, which will be obliged to pay 10% of the excess of profits for 2021-2022 over the figure for 2018-2019.

The State Duma adopted Federal Law No. 340-FZ dated 24.07.2023.

In today's world, electronic payments are becoming more and more popular, and this causes a growing need for security and protection of user data. The digital ruble is an innovative solution that can provide a guarantee of security and stability in the financial sphere by blocking attempts of leakage and unauthorized access to information.

Tax changes for the jewellery industry and their implications.

Federal Law No. 47-FZ of 9 March 2022 amended the Tax Code of the Russian Federation, under which, from 1 January 2023, organisations and individual entrepreneurs producing jewellery and other precious metal items or engaged in wholesale (retail) trade in jewellery and other precious metal items will not be entitled to apply the simplified taxation system (hereinafter, the "STS").

Consulting is no longer an expensive toy for the majors, but a pressing need for everyone.

Until relatively recently, the market (at least in Russia) was of the opinion that consulting services were such an expensive toy for very large companies.

Topical issues of taxation in the IT industry

Starting from 2021, accredited legal entities engaged in IT activities have enjoyed a number of tax incentives, including preferential rates for income tax and insurance contributions.

A law to exclude foreigners from the chain of ownership of large companies has been accepted by the authorities.

As a result of the adoption of the "anti-sanctions law" on 20 July, the State Duma established the possibility for Russian beneficiaries to control significant companies with a foreign ownership structure.

Structuring assets and asset ownership systems in response to sanctions risks, and business restructuring.

Re-registration and freezing of assets may be necessary due to sanctions that are imposed on businesses, states or individuals. In such cases, companies may lose access to certain assets, which may adversely affect the business.

Analysis of possibilities of parallel import, assessment of risks associated with parallel import, selection of suppliers, assistance in building logistics chains.

Parallel import is the import of goods into the country by delivery from another state, occurring without the consent of the right holder. At the same time, the imported goods have either identical or similar goods from the same manufacturer.

Analysis of risks of business "splitting" due to relocation and restructuring, development of optimal structures in terms of taxation.

Relocation and restructuring can lead to the risk of "splitting" a business. This can occur when a company relocates part of its operations to another location, creating a new organization or structure.

Full or partial relocation of business

Full or partial relocation of business, including remote running of business by attracting managing persons/companies, the procedure for organizing remote work of employees, payment of their salaries, the procedure for organizing military registration of employees in the organization, as well as the procedure for interaction of the head of the organization with the military commissariat.

Business-specific sanctions risk audit

An audit of sanctions risks is the process of identifying factors that could lead to economic and reputational losses associated with sanctions. Such an audit makes it possible to assess possible risks that could lead to the imposition of sanctions against a company or its counterparties.

Annual review of the participants of the SME Register

Dear Clients and Partners,
Please note that in July, the tax authorities conduct an annual review of the participants in the Register of small and medium-sized enterprises (hereinafter referred to as “the SME Register”) for compliance with the established criteria.

New FAS 14/2022 "Intangible Assets".

Effective July 14, 2022, new FAS (Federal Accounting Standards) on intangible assets went into effect. The new reporting forms require companies to locate and value intangible assets such as...

Practice of FAS 27/2021 "Documents and Document Flow in Accounting"

We want to share some practical recommendations for the use of FAS (Federal Accounting Standards) 27/2021 "Documents and document management in accounting", which can help you improve the efficiency of documents and ensure the accuracy of accounting.

Practice of FAS 27/2021 "Documents and Document Flow in Accounting"

We want to share some practical recommendations for the use of FAS (Federal Accounting Standards) 27/2021 "Documents and document management in accounting", which can help you improve the efficiency of documents and ensure the accuracy of accounting.

Mainstay continues to develop its consulting business

May 16, 2023 Mainstay Business Consulting (ООО) company was registered. The main activity of the new company will be the provision of consulting services.

Tax Environment 2023. Financial Sustainability Aspects.

In 2023, the tax environment is expected to continue to change due to many factors, including changing national and international tax laws, changing economic conditions and changing business needs. However, despite all of these changes, a company's financial strength will remain a key aspect of operating successfully in a tax environment.

International audit and consulting group Moore ST has rebranded and will now operate under the name Mainstay

International audit and consulting group Moore ST will now be known as Mainstay as part of a major rebranding.

Mainstay and the Consulate General of the Republic of Korea signed an agreement on rendering consulting services to Korean companies

Mainstay OOO and the Consulate General of the Republic of Korea in Vladivostok have signed an agreement on rendering consulting services to the Korean companies.

Currency control. Changes in legislation

One of the main changes is the introduction of a new form of control over the amounts in residents' foreign accounts. Russian residents are now required to provide banks with information on accounts opened abroad, and the movement of funds in them.