Mexico City, May 18-21, 2024

We would like to share with you our exciting trip to Mexico City, organized by AICO on the occasion of the fifty-second meeting of the Board of Directors of the Ibero-American Association of Chambers of Commerce, Industry and Services.
This event coincided with the celebration of the sesquicentennial anniversary of CANACO CDMX, the oldest Chamber in Latin America, and the ninetieth anniversary of the Inter-American Commercial Arbitration Commission, CIAC, which added special significance to our participation.

The first evening we enjoyed a fantastic welcome cocktail party, where we were able to begin making valuable connections and prepare for the days ahead.
Our trip continued with a tour of the city, exploring historic sites such as Coyoacán and the Church of San Juan Bautista, followed by a cultural experience at the Coyoacán Market. This was a perfect prelude to what would be an enriching series of events.

We attended the official inauguration with speeches by important dignitaries, some of them being: José de Jesús Rodríguez Cárdenas, Francisco Herrero, Liliana Sánchez, Martí Batres Guadarrama, Miguel Torruco Marqués and Nathalie Desplas. Then focused on crucial topics such as artificial intelligence and disruptive technologies, highlighting a keynote lecture by Frédéric García. We participated in talks on nearshoring and renewable energies, with panelists such as Altagracia Gómez, Carla Medina and Ángel Asensio, who offered valuable perspectives on these emerging sectors. There was also a conservatory on the Ibero-American economic situation with important panelists such as Julián Domínguez, Larry Rubin, Víctor Pavón Villamayor and Vicente Gutiérrez Camposeco.

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Advixy, the President of AICO and the Chamber of Commerce of Seville, the Director of the International Area of the Chamber of Commerce of Seville
Advixy accompanied by the different representatives of the Chambers of Commerce in the Canary Islands.

Advixy was present at this event to inform the Ibero-American world about the tax benefits of the Canary Islands, which represent an ideal gateway to expand business to Europe and Africa, and tohighlight how these advantages can facilitate the growth and internationalization of companies.

In addition to the business activities, this trip offered us the opportunity to learn more about the cultural aspects of Mexico and its rich tradition. These moments allowed us not only to better understand the business environment, but also to appreciate the deep cultural heritage that Mexico has to offer. We were also able to enjoy the amazing voice of José de Jesús Rodríguez Cárdenas, who delighted us with his music.

The last day focused on sustainability within the framework of the Agenda two thousand and thirty, with a panel that included several experts such as Ovidio Claros Polanco, Natalio Mario Grinman, Xavier Coronas, Roberto de la Torre, Mónica Conde and Alejandro Gómez Tamez, who referred to the regional economy. The day concluded with a splendid closing dinner, where we had the pleasure of celebrating the bonds forged and the knowledge acquired, framed by these significant anniversaries.

Thank you for following us on this journey and we hope we have inspired you to explore new opportunities across borders!

The Advixy delegate team
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Why is good accounting and tax advice crucial? Avoid mistakes, win opportunities and protect your company

Did you know that a single accounting error can cause your company to lose financing, public aid and credibility with banks and investors? And that a lack of tax advice can lead to penalties, financial losses and even jeopardize the continuity of your business?

At Advixy we experience this on a daily basis: companies that arrive with inconsistent balance sheets, poorly presented annual accounts or wasted tax strategies. The common denominator: poor management and the absence of professional advice committed to excellence.

Today we tell you why professional advice and quality accounting are the best investment for the success and protection of your company.

The real impact of accounting and tax advice

1. Faithful image and credibility: the passport to growth

Presenting an organized and truthful balance sheet is not only mandatory by law (Corporate Tax Law 27/2014, Commercial Code, Directive 2013/34/EU), but it is also your company’s letter of introduction to the market. Banks, investors and partners themselves rely on the “true and fair view” of the financial statements to make decisions. A single inconsistency can be the warning signal that closes the door to strategic financing.

2. Financing and opportunities: numbers do matter.

When a company applies for financing, be it a loan, a line of credit or a grant, the bank or public body does not review the accounts entry by entry. What it really analyzes is the balance sheet and the annual accounts presented: in other words, the financial “portrait” of the company at the end of the financial year.

Where is the problem? If there are accounting errors-such as duplicate invoices, misrecorded expenses, income that doesn’t match, or even the incorrect use of an accounting account in a transaction-thoseerrors are passed directly to the balance sheet and income statement. Even if your business is healthy in reality, an accounting error can cause the numbers to show a distorted picture.

Banks and public agencies have automatic systems and specialized analysts who quickly identify any inconsistencies or strange data in the financial statements. At the slightest hint of “risk”, they can refuse financing, tighten conditions or directly exclude the company from public aid.

This happens more often than it seems. Many companies that come to Advixy tell us: “My business is doing well, but the bank has denied me the loan because of an error in the numbers”. The reality is that, in these processes, only the image conveyed by the balance sheet matters. If the accounting data does not accurately reflect the real situation of the company, credibility is lost and opportunities are closed.

That is why we insist on the importance of professional advice and impeccable accounting: not only to comply with the law, but also so that your company can access financing, attract investors and grow without obstacles due to simple avoidable mistakes.

3. Tax strategy and deductions: the art of paying the right amount… no more and no less.

In Spain, each autonomous community has its own incentives, tax deductions and specific aid for companies. This means that a company with a presence in different regions can access different benefits depending on where it operates. However, making the most of these opportunities requires more than basic knowledge: it requires a customized tax strategy, a global vision and a deep understanding of state, regional and European regulations.

The key is transparency and regulatory compliance. The correct application of these incentives is only valid if it is carried out in a totally transparent manner and in accordance with the law. Both Spanish and European regulations insist on this point. For example, Directive 2013/34/EU of the European Parliament obliges all companies to present a true and fair view in their accounts and to comply with strict accounting and tax criteria. In addition, the DAC Directive6 reinforces tax transparency by requiring the reporting of certain potentially aggressive tax transactions.

This trend towards regulatory compliance, known as “compliance”, is an essential pillar in both Europe and the U.S. Internationally, especially in the U.S., lack of compliance can have serious consequences, including criminal liability for directors and officers, as provided for in the Sarbanes-Oxley Act (SOX).

Therefore, taking advantage of tax incentives and deductions is an excellent opportunity to optimize the tax burden, but it must always be done legally, transparently and in line with current regulations. This is the only way for the company to grow in a sustainable and safe manner, without reputational or legal risks.

4. Regulatory compliance and legal certainty: sleep soundly.

Complying with the law is not just about avoiding penalties, it is about being able to operate with peace of mind, knowing that every figure and every document stands up to inspection. The international trend, both in Europe and the Americas, is “zero tolerance” for accounting and tax errors. Companies with unclear accounts are the first to be audited and sanctioned.

Why choose Advixy? Efficiency that makes the difference

At Advixy, we transform accounting and tax advice into a competitive advantage. Our methodology combines local experience (Canary Islands and Spain), international vision and the use of advanced technology to detect, prevent and correct any anomaly in your management.

  • Constant review and audit: We detect inconsistencies even from previous years and regularize your situation so that you can grow without any burden or fear.
  • Tailor-made strategic planning: We turn numbers into useful information, anticipating risks and opportunities.
  • Guaranteed compliance: We align your obligations with Spanish and European regulations (Directive 2013/34/EU, DAC6) and international best practices.
  • Taking advantage of incentives: We master the tax mechanisms and deductions of each autonomous community, helping you to pay only the right amount.

And above all, we give you peace of mind and the confidence that your company is in the best hands.

At Advixy we believe that accounting excellence and real tax advice make the difference between companies that survive and companies that lead. If you want to avoid mistakes, win opportunities and project a successful image, take the step: contact us for a professional review without obligation.

Remember: A single accounting mistake can cost you more than you realize. Don’t risk your business future. Trust Advixy’s efficiency, experience and strategic vision.

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