Optimization of the company's assets to minimize liquidation costs
Client
Russian subsidiary of a foreign international company.
Activity: trade in electrical equipment
Objectives
Assessment of the use of the company's assets in order to minimize liquidation costs.
Term: 1 month.
Work stages
- Assessment of the company's assets from the point of view of their use as means of payment.
- Description of options for disposition of available assets within the framework of consultation on assessment of tax consequences and risks.
- Approval of options for disposition of available assets with the client, preliminary calculation of payment expenses.
- Decision-making by the client taking into account the proposed solutions and consultations provided.
Result: The client makes a decision on the disposal of assets with a clear understanding of the risks and with the most favorable plan for the use of the company’s assets taking into account the situation.
Recovery of lease accounting under FAS 25/2018
Client
Foreign company.
Objectives
Situation:
- The customer maintains its accounting records in SAP, which does not have automated lease accounting functionality in accordance with FAS 25/2018.
- The customer maintains lease accounting registers according to FSAS 25/2018 in Excel.
- It was decided to keep lease accounting separately in 1C and then transfer the entries to SAP.
Required: Restatement of FAS 25/2018 lease accounting for the years 2022 and 2023.
Work stages
- Lease agreements for 31.12.2021 have been entered.
- All transactions for the period 2022-2023 were performed to correctly reflect lease transactions.
- Verification of correct reflection of transactions was performed.
- Prepared instructions to the client on recording lease transactions in accordance with FSAS 25/2018 and conducted training.
Result: Lease accounting is set up and automated.
The right to childcare allowance for a child up to 1.5 years of age will continue in the case of employment
According to the new federal laws of 19.12.2023 N 620-FZ and N 614-FZ, from January 1, 2024 the right to receive benefits under compulsory social insurance will be preserved if a person who is on child care leave, goes to work Read more
Changes in the arbitration process from 05.01.2024.
The President of the Russian Federation signed Federal Law No. 667-FZ dated 25.12.2023 "On Amendments to the Arbitration Procedural Code of the Russian Federation".
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Commercial secret
I. Definition
Current legislation defines a trade secret as a regime of confidentiality of information that allows its owner, under existing or possible circumstances, to increase income, avoid unjustified expenses, maintain a position in the market for goods, works, services or obtain other commercial benefit[1]. Read more
Setting up the client's internal workflow process in terms of providing expense reports
Company
Russian company LLC.
Type of activity: service services on previously supplied equipment.
Objectives
Brief description of the situation:
- Irregular submission of expense reports by employees.
- Errors in expense reports and documents, and signatures are missing.
- As a result, there are unconfirmed amounts of expenses in the accounting and there are unconfirmed debts of employees to the company.
Required: Reduce the time for submission of expense reports for accounting, reduce the number of errors and absent documents
Work stages
- Analyzing the situation and document flow, searching for problematic processes.
- Participation in drafting travel policies.
- Clarification work, meetings. Familiarization of employees with internal regulations (by signature).
- Regular mailing with reminders to debtors on expense reports with notification of heads of departments and Director General.
- Systematized actions on terms of documents processing by accountant and archiver.
- A new procedure of actions for the archiver and accountant in case of errors was introduced.
- Memos were made for all participants of the process.
Result: Reduction of expenses not taken into account in the calculation of income tax, reduction of time to reflect in expense report in accounting and appearance of up-to-date information on employee debts.
Deregistration of foreign exchange contracts in the presence of unreceived payments and unclosed paid advances
Client
A foreign company which was sold to a resident of the Russian Federation.
Objectives
Brief description of the situation:
- Mutual debt forgiveness agreements have been entered into.
- There are unclosed balances prior to the conclusion of debt forgiveness agreements.
- There are old balances under currency contracts with non-residents debtors and creditors.
- There is a delay in repatriation of proceeds.
- The company is threatened with fines.
Required: To deregister the contracts with minimal penalties.
Work stages
- Analyzing balances for compliance with contracts
- Analyzing contracts, including debt forgiveness contracts, identifying overdue and non-overdue, problem payments subject to penalties.
- Preparation of missing documents, according to the contracts: acts, supplementary agreements for prolongation of terms, set-offs and organization of signing of documents.
- Transfer of documents to the bank.
Result: all contracts are off the books with no penalties.
Konsu uses Softline Multicloud platform to develop its business
Softline, (Softline PJSC), a leading provider of solutions and services in the field of digital transformation and information security, developing a comprehensive portfolio of its own products and services, helps Konsu to develop its own IT products. Konsu moved to Softline's cloud several years ago.
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Consultation and preparation of complaints against inaction of officials violating the rights of citizens of the Russian Federation
Consultation and preparation of complaints against inaction of officials violating the rights of Russian citizens to freedom of movement and choice of place of stay and residence within the Russian Federation.
Client
International Company. Activities:
- Rental and management of owned or leased real estate property
- Purchase and sale of own real estate
- Management of real estate for a fee or on a contractual basis
Objectives
- Advising a client on a verbal refusal to register subtenants - citizens of the Russian Federation at the place of stay in the district department of settlement and registration of citizens in St. Petersburg and the department for issuing internal passports and registration of citizens.
- Preparation and submission of complaints about inaction of officials violating the rights of Russian citizens to freedom of movement and choice of place of stay and residence within the Russian Federation:
- to the district Department of the Ministry of Internal Affairs of Russia in St. Petersburg
- to the Department of Internal Affairs of the Main Department of the Ministry of Internal Affairs of Russia for St. Petersburg and the Leningrad Region.
- Representation of the client's interests in state authorities.
Work stages
- Negotiations with the client, analysis of documents submitted for registration at the place of residence of citizens of the Russian Federation to the authorized state bodies.
- Analysis of the legislation of the Russian Federation in the field of registration at the place of residence of citizens of the Russian Federation.
- Recommendations to the client on the solution of the issue taking into account the identified gaps in the legislation of the Russian Federation and further actions.
- Preparation and submission of a complaint to the district Department of Internal Affairs of Russia in St. Petersburg.
- Representation of the client's interests in the district Department of Internal Affairs of Russia in St. Petersburg in order to resolve the issue.
- Preparing and sending a complaint to the Department of Internal Affairs of the Main Department of the Ministry of Internal Affairs of Russia in St. Petersburg and the Leningrad region, making an appointment with the Head in order to settle the client's interests.
- Advising the client during the entire process.
Result: The client was provided with recommendations on appealing against inaction of officials with a full analysis of Russian legislation and client’s documents on a specific situation, 2 complaints were prepared and filed, and measures were taken to resolve the situation.
Legal support in passing a migration inspection
Client
International Company. Activities:
- Activities of hotels and other places for temporary accommodation
- Activities on providing places for short-term accommodation
- Activity of restaurants and food delivery services
Objectives
- Analyzing documents from the Ministry of Internal Affairs of the Russian Federation, personnel and permit documents of the client.
- Advising the client on actions to be taken to pass the inspection
- Preparing a response for submission to the Ministry of Internal Affairs of the Russian Federation.
- Clarification from the Ministry of Internal Affairs of the Russian Federation of the confirmation of the check.
Work stages
- Analysis of the request received from the RF Ministry of Internal Affairs, personnel and permit documents of the client and HQS employee in order to identify necessary actions / preparation of documents by the client to respond to the RF Ministry of Internal Affairs request.
- Collection of documents necessary for the response and sending them to the Ministry of Internal Affairs for verification
- Preparation of the client's response and sending it to the RF Ministry of Internal Affairs.
- Clarification from the Ministry of Internal Affairs of the Russian Federation of the status of verification.
Result: The client successfully passed the migration check initiated by the Ministry of Internal Affairs of the Russian Federation.