We are an international network of independent firms, with a long history and reputation of almost 10 years in Mexico. We offer the support in our country, as well as the experience of expert auditors, accountants, consultants, and attorneys from our global network.
SUMMIT provides solutions that best fit your needs. We are a very experienced team in different areas: Company Registration, Accounting, Tax, Audit, Payroll, IMMEX, VAT certificate, VAT devolution and Business Consultancy, all these services provided in your own language.
Human Capital
Security – Adaptability
Focus on your business, while we take care of your administrative activities through our Human Capital solutions.
We have a structure specialized in Human Resources (HR) processes, as well as the support of a legal and fiscal area for all tax issues and compliance with labor obligations, offering you a comprehensive service tailored to your needs.
Our solution called Human Resources Processes (HRP), includes, among others, the following activities:
Diagnosis of NOM-035
Recruitment and selection of personnel
Payroll processing
Management of files and incidents of your staff, from their entry to the end of the employment relationship
Our purpose is to be the strategic partner for your business in terms of human capital.
Talent attraction, where we specialize in the recruitment of the following profiles: Accounting, Financial, Administrative and Support areas (systems, operations, etc.)
Analysis, identification and prevention of psychosocial risk factors (NOM-035)
Psychometric and competency assessments
Job analysis, valuation and comparison of salaries and benefits
Design of organizational structures and elaboration of organizational manuals
Workload optimization and efficiency
Design of human resources policies and procedures
Training Programs and Training Needs Diagnostics (DNC)
For providers and / or recipients of specialized services, we have the following solutions:
Registration with the REPSE (Registry of Service Providers or Specialized Works)
Quarterly report to the IMSS and INFONAVIT, on their respective platforms
Monthly submission of evidence of compliance with your tax and labor obligations
Review and analysis of the information provided by its suppliers in order to mitigate any contingency (applicable to recipients of specialized services)
Forensics audit
Precision – Tracing
A forensic audit is a review and evaluation of the financial information of a company or an individual for use as evidence in court. A forensic audit may be carried out in order to prosecute a party for fraud, embezzlement, or other financial claims.
SUMMIT has trained professionals with several years of experience in forensic auditing and various cases of success in court. Our team has experts in different areas such as fiscal, IT audit, banking, and compliance, among others, which combined as an audit team gives us a competitive advantage during the forensic audit process
Fraud investigation
Conducting an internal investigation can be a difficult task. An investigation into employee wrongdoing can be costly, disruptive, and time-consuming, and can also lead to a variety of legal problems and other unexpected complications if it is not conducted with the utmost care and confidentiality. However, a well-run internal investigation can enhance a company’s overall well-being and can help detect the source of lost funds, identify responsible parties and recover losses.
It can also provide a defense to legal charges by terminated or disgruntled employees. But perhaps most importantly, an internal investigation will signal to other employees that the company will not tolerate fraud.
Areas of expertise:
Forensics audit
Risk assessment
Implementation of internal controls (even SOX
Specific controls focus on new regulations (NIF, IFRS, LPDP, PLD, GDPR, FINTECH, etc.)
Fraud investigation
Reengineering process
Information technology (TI) audit of general controls
Accounting
Service – Efficiency – Timeliness
We have everything under control in your company. The key to your business success is our specialists’ wide-ranging experience, seen in their dedication and timely execution.
Beyond simple book control, our accounting and tax experts ensure that your financial statements and tax calculations will be prepared in accordance with all applicable professional and tax rules and regulations, ensuring that financial information is received on a timely basis to ensure adequate business decision-making.
We specialize in assisting businesses that prefer to manage their accounting through outside service providers.
We can help you how, when, and where you need it:
Accounting BPO
Back office
Accounting records and financial reporting in accordance with Mexican Financial Reporting Standards and non-Mexican reporting rules
Tax compliance
Account regularization
Electronic accounting
Legal
Counsel – Legitimacy
We have a corporate law department that assists organizations to plan for the most appropriate compliance to the authorities, highlighting our soft
landing service, through which advise foreign companies to their proper establishment and operation in Mexico, providing the proper legal support for operations regardless of their complexity.
Some of our services are the following:
Corporate
Comprehensive advice for the soft landing process
Joint ventures
Due diligence
Organization of assemblies of partners or shareholders
Actualization of corporative books
Purchase and sale of shares
Merger, split, and transformation of companies (M&A)
Dissolution and liquidation of companies
Contractual
Contracts with clients and suppliers
Intercompanies Contracts
Foreign Investment
Elaboration and presentation of annual/quarterly reports
Real Estate
Purchase of buildings and real estate investments
Labour
Collective and individual relations of work
Labor rescissions
Intellectual Property
Sign and renewal trademarks
License agreements
Copyright
Contractual consultancy in audiovisual productions
Personal Data Protection
Implementation of privacy policies
Immigration Services
Internment procedures
Work licenses
Naturalization
Visas
Talk about a business with our partners, they will objectively give you the best advice
Audit
Assurance – Capacity – Independence
Our audit practice offers an integral diagnosis of the administrative, operative, and tax control, to identify trends and risks that can affect the company’s performance, offering a timely, accurate analysis.
We meet the requirements and quality standards imposed by domestic and international organizations such as the International Federation of Accountants (IFAC) to provide certainty in decision-making by financial information stakeholders.
Our services are:
Preparation of information for external auditors
Audit of financial statements (includes, where appropriate, the tax opinion)
Due diligence
Sarbanes-Oxley Act
Audits to government entities designated by the Ministry of Public Administration (SFP)
Audits for the purposes of the Social Security and Housing Fund (IMSS and INFONAVIT)
Audits for local tax purposes of Mexico City, Mexico Estate, Guerrero, Quintana Roo, Veracruz, Oaxaca, San Luis Potosí and Zacatecas
Expert accounting testimony
Special reviews
Audit of public founding (e.g. CONACYT, Ministry of Economy)
Tax Services
Compliance – Peace of Mind
Given the constant changes in the Mexican tax system and the global economy, it is necessary to design tax mechanisms that let companies and individuals comply with their tax obligations, streamlining their tax burdens to properly allocate resources to growing the business.
At SUMMIT, we are experts in assisting with tax compliance and designing tax mechanisms to avoid exposure to risk situations.
We are backed by the expertise and experience of an international tax network in more than 100 countries, which enables us to determine the tax implications for businesses operated globally.
Our tax department is made up of trained professionals who offer a series of timely, efficient services to satisfy your comprehensive tax needs, such as:
Tax BPO
Opinions and reports required by the SAT for tax purposes
Corporate restructurings
Permanent tax updating to clients
Tax risk detection and prevention
Wealth planning
Tax due diligence for business acquisitions
Recovery of favorable balances
Tax compliance advice
Stock sales statement
Tax expert testimony
International tax consulting
Digital tax receipts (CFDI) advisory
Financial Sector
Normativity – Experience
SUMMIT offers a wide range of strategies and solutions through a group of Financial Services specialists. Mexico has a new legal framework to promote this sector, which entails enormous challenges for the participating financial institutions which are demanded to modify policies and operational processes, as well as investing in human, material, and technological resources to comply with the new precepts and responsibilities.
We help entities in the Financial Sector to establish the most appropriate strategies regarding technology and business processes to achieve growth while mitigating inherent risks and adequately managing their assets and capital.
We serve the needs of:
Capital Markets and Banking Sector
Non-banking Financial Sector:
Savings and Loan Cooperatives
Community-based Financial Institutions
Credit Unions
Multiple Purpose Financial Institutions (SOFOME)
General Deposit Warehouse
Currency Exchange Providers
Money transmitters
Our services include, among others:
Business Consulting for Financial Sector Entities
Establishment of SOFOMES; obtaining technical opinion required for authorities (CNBV); advisory services on requirements by authorities
Operative process and risk management for both financial and non-financial sector companies
Support in the process of authorization, establishment, organization, operation, and management of
businesses and entities subject to the Financial Technology Institutions Law (FINTECH)
Foreign Trade and Customs
Fluency – Legality
The international dynamics of foreign trade require our foreign trade experts to develop the best quality and value-added services to offer our clients the right solutions to improve customs compliance:
Customs compliance
Foreign Trade Diagnosis
Review of the foreign trade process
Electronic audit of risk factors
Reconstruction of temporary imports and their returns
Support for the legal stay of fixed assets
Opinion letters on individual consultations
The recurring and active counseling program
Analysis of operating schemes in Mexico
VAT treatment of international transactions
Certifications, registrations, and promotion programs
Register of importers and Sectoral
IMMEX and Prosec Program
Business Certification Scheme for VAT and IEPS modality
Authorized Economic Operator (AEO)
Customs-Trade Partnership Against Terrorism (C-TPAT)
Foreign Trade Automation
Consultancy for the implementation of electronic tools for the automation of foreign trade and consultancy for the implementation of the automated Annex 24 system
Support in SAT review procedures
Home visit, requirements, invitation letters, legal stay of fixed assets
Incorporating package (for new business)
Support in the incorporation of new business in Mexico for the analysis of permits, programs, and certifications necessary to carry out its operation, as well as its management and obtaining.
Foreign Trade Due Diligence
Detection and economic determination of foreign trade risks to be considered in mergers and acquisitions processes
Planning of activities for the future operation of foreign trade in mergers and acquisitions
Foreign Trade Administration
Administration of temporal importance through the Annex 24 system; administration of Foreign Trade activities in the field of Customs Compliance and in the Digital File of Foreign Trade
Customs Training
Provision of specialized training to the client’s foreign trade personnel
Analysis of the origin of international treaties and trade agreements
Preparation of the original analysis for the export of finished products manufactured in Mexico in accordance with the origin provisions of international treaties and trade agreements signed by Mexico
Anti-Money Laundering (AML)
Compliance – Prevention
As a result of the implementation of international policies on the prevention of money laundering and terrorist financing, Mexico has implemented various actions that evolve the matter, in which vulnerable non-financial activities are a relevant part.
Therefore, it is important to identify the companies or businesses that are directly or related to the NON FINANCIAL ACTIVITIES.
It is important to note that some of the activities indicated above require economic thresholds and some other requirements to be reported to the authority, however, in some others it must be reported regardless of the number of operations or the amounts operated, so it is adequate advice on the matter is essential.
We have extensive experience in the prevention of money laundering for vulnerable non-financial activities, providing all the advice for the development and implementation of policies, processes, and procedures regarding the Prevention of Money Laundering and Terrorism Financing, internal fraud, as well as consulting, training, and legal opinions on the matter.
Advice on the constitution of the entity.
Technical opinion, audit, diagnosis, and opinion of compliance in PLD.
Carrying out a study of vulnerability and inherent risks.
Legal advice and implementation of procedures for the creation of the PLD area.
Advice and preparation of manuals, as well as the proper integration of files.
Analysis of amounts and advice on sending notices sent to the SAT.
Financial Sector:
Audit and preparation of reports on AML/CFT
Implementation advisory services for the creation of the AML/CFT area
Technology Systems Audit that complies with regulatory requirements
Development of a Know Your Customer and identification program
Comprehensive training program
Development of policies manual, criteria, measures, and internal procedures on AML/CFT
Implementation of the Risk-Based Approach
Advisory services on the quality of the reports on relevant, unusual, and concerning internal transactions, submitted to the CNBV or clarify observations during the implementation and development of the AML/CFT area
Business Consulting
Innovation – Competitiveness
Global business dynamics demand specific analysis of each process that brings value to an enterprise.
Our experts offer their best ideas and the right perspective to reduce risks and costs, also the ability to identify areas of opportunity and synergies for your company.
Strategy and organizational development
Finance and Comptroller management activities
Strategic planning and dashboard
Business process re-engineering
Diagnosis of operational effectiveness
Best practices for Corporative Government
Benchmarking
Business models development
Preparation / recommendations on business plans / budgets
Dashboard management and KPI´s measurement
Implementation and development of the organizational map
Implementation and practice of Kaysen methodology and 5’s
Risk Management
Change management
Projects management
Structure and risk management
Risks matrix
Evaluation of potential risks
Internal regulation
Revision of controls, financial process, and applicative
Internal control systems
Documentation of business process and internal controls relational
The environment of control and policy development and processes
Assistance in compliance of Law Sarbanes – Oxley, process improvement, and sustainability services
Improvement of processes and sustainability services
Institution building
Calculation and determination of Impairment
Financial valuations for sale/liquidation of companies
Public Sector Advisory
Development and design of White Papers
Handover of the responsibilities process
Government Performance Audit
Administrative engineering and modernization
Advice to federal entities in the development of initiatives according to the National Anticorruption System
Accuracy – Assurance – Peace of Mind
We are experts in the payroll process, as well as the related taxes. We use payroll processing programs that can be used by national or foreign companies as well as micro, small, medium-sized, and large enterprises alike, with operations anywhere in Mexico, to help them reduce risks and expenses according to their specific needs.
Our main services include:
Payroll processing and derived contributions
Advice in regards to employer obligations in matters of social security institutes
Advice and planning in a matter of social security pensions and retirement plans
Advice in regards to obligations in federal and local contributions corresponding to payroll
Determination of labor obligations with laid-off employees
Anticorruption and Compliance (Regulatory Compliance and Good Practices)
Compliance – Prevention
Recent changes to both federal and local laws contemplate that the development of anti-corruption, regulatory compliance, and good practices (compliance) programs are a fundamental part to prevent risks (legal, administrative, reputational, financial, etc.), in addition to where appropriate, be mitigating for the imposition of penalties and/or sanctions.
Additionally, correctly implemented anti-corruption and compliance programs allow for various additional benefits both in operational, human capital, financial, and tax matters, which optimizes the profitability of companies.
We specialize in:
Advice, design, implementation, development, and monitoring of new regulations and exhaustive consulting on the matter
Identification and classification of the risks of an organization
Establishment of internal prevention mechanisms such as anti-corruption and compliance programs, manuals of good practices, and codes of conduct
Implementation, development, and testing of hotlines
Establishment of a control framework, as well as the resolution of legal consultations and opinions
Training and socialization of both the anti-corruption program, as well as the regulatory compliance program and the creation of ethics committees
Additionally, we have back-office functions:
Data analysis, third-party reputation, blacklist search,
Background review, implementation, and attention to ethical and/or complaint lines
Specialized training in the aforementioned subjects