Tax | Accounting | Audit - WMP Mexico Advisors

WMP Tax I Accounting I Audit is an international tax consulting firm specialized in medium-sized international companies. WMP Tax I Accounting I Audit has many years of experience in the Mexican market and is familiar with local laws and regulations.

WMP Tax I Accounting I Audit is a competent partner for tax consulting as well as for monthly and annual financial statements; it’s the perfect partner for foreign subsidiaries in Mexico.

Tax Consulting

Due to a constantly changing and complex tax legislation, you need a competent contact for tax advisory which is perfectly versed in Mexican tax law. We prepare monthly and annual financial statements in strict compliance with international standards.

Although you may encounter a major tax challenge, you can rest assured with us at your side that all applicable regulations will be complied with punctually and completely.

Since high tax advance payments are an important financial matter, we will gladly manage tax refunds and settle your affairs with local tax authorities, including tax audits. In order to avoid losses or long timespans, we are in continuous contact with relevant tax authorities in Mexico. We can also assist you in setting transfer prices.

Accounting

In order to guarantee the highest quality standards, we provide you with a team of excellently trained Mexican accountants and tax consultants under the direction of a trilingual (German, English and Spanish) Key Account Manager.

Monitoring and Reporting

Once the monthly and annual financial statements have been prepared in compliance with the Mexican trade and tax laws, please contact our Key Account Managers. They will forward the corresponding reports directly to your central office and are available for inquiries at any time.

Reports are submitted following your specifications. It is important to us to ensure that your company’s performance reports are accurate.

Payroll Reporting

Good bookkeeping includes an equally professional payroll accounting and payment. Thanks to our many years of experience in accounting, we are able to manage the complete payroll payments for the billing period you require.

As the social security system plays a vital role in Mexico; we keep direct contact with the authorities responsible for the social security system. Social Security reporting and regular updates are particularly relevant to us; this also includes our support in all personnel matters.

Cash Management and bank accounts

We take over the cash and bank management of your local company for you on a fiduciary basis.

In doing so, we ensure the optimum utilization of liquid funds in order to prevent payment problems and insolvency risks. We work under very high standards to keep currency risks and related costs as low as possible. We regard transparency and flexibility as a matter of course.

Electronic Invoicing

Saving time is a requirement for every company. Hence, we offer the possibility of digital invoicing, which saves time and high costs. Your accounting is thus additionally optimized and always accessible with a fast and transparent process for important invoices.

Electronic certificates are subject to strict regulations in Mexico. Therefore, we also provide our know-how in this area on request, in order to enable you to issue modern invoices safely and comfortably.

IT Support and ERP personalization.

Together with our accounting software for Mexico, we can also manage your accounting by using your SAP or Navision system and assist you in the necessary implementation and adjustment to meet Mexican requirements.

Audit

Audit is one of the newest additions to our company´s expertise. High-quality audited financial statements are critical for you in order to be able to make the best decision for your Mexican subsidiary. Our approach is based on a risk analysis which allows us to generate an objective and independent opinion on internal controls in practice, possible risks and compliance with accounting rules in place. We work closely with you in order to build a strong relationship and provide a personalized service based on your needs.

In addition to providing audits with quality and precision, we continually work together with you in order to keep you updated about new regulations which might have an effect on your business.

Our professional services meet the highest national and international standards.