When should the process of professionalization of the management of your company be started?

When should the process of professionalization of the management of your company be started?

Each business is different, but a pointer is when the business’ operations exceed one person, this is when the company shall have professional management. It is when the owner should be thinking about delegating some of the company’s operation and administrative processes. It is not an easy decision, more when the owner has done everything for years and has seen its dream grow in the manner it imagined. This process requires several phases, which shall be accompanied by the owner’s will to make them happen:

In the first phase, it should be found the person that will be the company’s chief executive officer. It should be a person with the necessary qualifications and experience to continue with the grown of the company, in the same manner that has been done by the owner. This person should have all the owner’s and the company’s personnel support.

In the second phase, it should be worked on the company’s new organizational chart, and from it, it will derive the company’s manuals and policies.

The third phase is carried out jointly with the second phase. In this phase should be designated the persons who will hold the positions created in the new organizational chart. In this process, it should be considered the company’s current personnel and external persons. Unfortunately, in this phase, in some cases, it is necessary to let go of some personnel that is not considered to be capable of evolving with the company.

The fourth phase concentrates on the corporate governance model, the best way to develop and establish it, this with the purpose that all the company’s bodies operate in an organized and efficient manner.

The fifth phase focuses on the flow of information that the company should have; this is all the statistics, financial and administrative data that the company’s key officers should have access to in order to operate the company.

The sixth phase focuses on working over the internal control systems and flow of information to establish operation and investments budgets and the costs, in its case.

It is worth noting that some of the phases can be carried out simultaneously, as long as the conditions within the company allow it.  

 Oscar Brieño

Gloria Ponce de León & Hernández

Analysis of the Fiscal Package Nuevo León 2022

Analysis of the Fiscal Package Nuevo León 2022

The local Congress of Nuevo Leon approved the Fiscal Package for next year, with an increase in spending that was proposed by the state administration to be allocated to the justice bodies.

Specifically, the budget amounted to 17 billion pesos, however, 451,599 million pesos were added for the Attorney General’s Office and the State Judiciary, as well as extra resources for Full-Time Schools, Red Cross and Firefighters of Nuevo Leon, who had denounced in the past months lack of resources to maintain the operation and had to close some of the stations that provided service to some municipalities.

Regarding the Revenue Law, an amount of 118 thousand 194 million pesos was approved, an increase of 10 percent compared to 2021. It is worth mentioning the creation of a “green tax” for polluting companies, which is expected to raise 400 million pesos.

In addition, 4.2 billion pesos in long-term and 2.27 billion pesos in short-term financing were considered. As well as a long-term debt restructuring.

In this sense, one of the important points to consider has been the generation of jobs through investment and infrastructure, in which more than 7,500 direct jobs and up to 15,000 indirect jobs are proposed due to the multiplier effect of the investment in infrastructure.

A significant adjustment to spending of $4,208 million pesos is being made through the following actions:

A reduction in payroll costs of 3.3 percent is considered, representing a savings of $696 million pesos.

– A downward adjustment of 411 million pesos is proposed in the expenditure of parastatal agencies.

– A redirection of 400 million pesos of resources that were destined to COVID-19, which are no longer necessary, is contemplated.

– A decrease of extraordinary support to the Instituto de Seguridad y Servicios Sociales de los Trabajadores del Estado de Nuevo León (ISSSTELEON) for 500 million pesos is foreseen. This will be possible based on the benefits of the new ISSSTELEON health care scheme.

– A 30 percent decrease in the purchase of materials and supplies is reflected, which represents a savings of 316 million pesos.

– There is a 40 percent decrease in social communication expenses, which will allow for the availability of 109 million pesos.

– A 20 percent cut in general services is granted, saving the State 803 million pesos.

– A cut of 400 million pesos is estimated for the Educational Integration Unit.

Likewise, the legislators approved the Fiscal Code 2022, which is homologated with the Federal one. This will create the Tax Mailbox, to streamline processes and there will be actions against companies known as “billers”.

The law also contemplates the creation of a State Taxpayers Registry, which will help in the fight against the sale of illegal invoices and phantom suppliers. Finally, the increase in property taxes in the municipalities of San Pedro Garza García and Monterrey was approved; in the case of the former, the cadastral value will increase by 25 percent and in the capital city by 19 percent.

Lic. Génesis Moyeda Salazar.

Gloria Ponce de León & Hernández