SCO 26, Floor 1, Sector 19D
August 30, 2022
August 30, 2022
August 18, 2022
Kreston SNR will be taking part in the International Climate Summit 2022 – Opportunities for Green Hydrogen in India, scheduled to be held in Bergen, Norway on 30 and 31 August 2022.
Kreston SNR is the knowledge partner to the Summit which has been organised by Greenstat of Norway and the PHD Chamber of Commerce and Industry (PHDCCI), in partnership with Invest India and other notable support partners.
The summit is an excellent opportunity to engage the international community in India’s transition journey from fossil fuel to zero carbon energy. A knowledge book on green hydrogen opportunities in India will be released on the first day of the summit. The book has been authored by Dr JP Gupta, Chairman of Kreston SNR Advisory Board, and the Chairman of the Summit with Mahendra Rustagi, CEO of Kreston SNR, also contributing an article on ESG.
The main feature of the summit is to showcase India’s unique position as an attractive destination for the production of green hydrogen due to the availability of renewable energy at the lowest price. This summit will undoubtedly attract interest from investors in this industry, safety companies, hydrogen production companies and R&D labs looking to collaborate with Indian partners for the production of green hydrogen to make India Aatam-Nirbhar (self-reliant).
Norway has been working with hydrogen for the last 125 years and is the front runner in the green hydrogen space today. This is an international event, involving several key territories, including Norway, the European Union, US and Japan.
Also, a delegation of around 100 participants from India and several large companies in the oil sector from Norway and the European Union are participating in the Summit, in person.
If you would like to attend, you can register here www.ics-hydrogen.com. Online registration is free.
August 16, 2022
July 19, 2022
Kreston firm, Brighture, shares its expertise in its latest newsletter covering financial news and updates from China.
June 28, 2022
Since the arrival of Crypto assets and ever-growing technology, investors face Cryptocurrency challenges as it has become much more dangerous with the lack of regulations and laws in place to reduce scams and crypto crime. Kreston Global member Ganesh Ramaswamy of K Rangamani and Associates LLP explains the impact this has had on Asia in Financial Regulation International.
May 11, 2022
Ganesh Ramaswamy of K Rangamani and Associates LLP explores some of the current challenges faced by cryptocurrency investors in China and India in Financial Regulation International.
The article looks at why investments in cryptocurrencies have become so risky in these jurisdictions, what is being done about the issue and the legal remedies available to investors in China and India. Ganesh also gives practical advice on keeping investments safe.
Read more here (subscription needed).
May 6, 2022
At COP 26, held in November 2021, one of the primary decisions was to reduce the global carbon footprint, by phasing out the usage of fossil fuels and increasing the usage of renewable energy. India made commitments at this meeting, including achieving Carbon Neutrality by 2070. The GOI has already issued guidelines for the large corporates (top 1000 companies by market capitalisation) to prepare Business Responsibility and Sustainability reports, effective from the current financial year, 2022-23.
Kreston SNR Advisors have positioned themselves as experts within their sector, promoting awareness of ESG and advising corporates regarding its framework—including policy formulation, implementation and reporting.
In the last year, Kreston SNR has been associated with many programs related to the environment, including International Climate Summit 2021 (New Delhi, Sept 2021) as a knowledge partner. Over 35,000 people participated in the summit, part of which were nine technical sessions by eminent speakers, including a few Nobel laureates. Along with many ministries under the GOI that partnered with the summit, Norway also showed its support as the country partner.
Kreston SNR Advisors has an advisory board with distinguished scientist Dr JP Gupta, as the Chairman, and other experts as members and are in the process of building a strong team with relevant experience to ensure the delivery of quality services.
Wee Kwang is a Chartered Accountant of Singapore, a Certified Internal Auditor with the Institute of Internal Auditors and a Certified Sustainability Reporting Specialist with the Institute of Certified Sustainability Practitioners.
He has more than 20 years of experience in auditing and assurance and was involved with implementing the Sarbanes-Oxley framework for American-related corporations during his three-year secondment in London with a Big 4 accounting firm. He has also undertaken and led engagements in internal audit, enterprise risk management and sustainability reporting for companies listed on the Singapore Exchange and Growth Enterprise Market board of the Stock Exchange of Hong Kong as well as charitable organisations. He has spoken on various platforms on the topic of sustainability reporting.
He was treasurer of Yuhua Citizen’s Consultative Committee from 2013 to 2019. He holds a Bachelor of Accountancy from NTU.
April 22, 2022
Koh Wee Kwang, partner at Kreston ACA PAC recently shared his views with the International Accounting Bulletin in the world survey. He was asked to comment on accountancy firms’ transparency to environmental, social and governance plans to prove their sustainability on the planet and society. His thoughts are that auditors could be in an advanced position with clients as they will be able to influence the boards with their ESG strategy. Read the full article below.
April 6, 2022
The US-based software company provides secure and convenient digital identity services for their clients’ customers, employees and partners. Ping Identity Corporation (Ping) was founded in 2002 and has offices across the globe, including India, Canada, the UK, France, Australia and Japan. Its many high-profile clients encompass 60% of the Fortune 100.
Ping acquired a software development company in India and decided to outsource the accounting, tax, GST, payroll and AP functions. The company was looking for an outsourcing partner with the right experience, skills and infrastructure.
Kreston Global’s Indian member firm, Kreston Rangamani, was chosen thanks to its global reach across various sectors and its streamlined, high quality service.
Kat McBride, Senior Accounting Manager at Ping, said:
“Kreston Rangamani is a powerful partner enabling us to perform our local operations seamlessly. They are experienced, intelligent, and strong advocates for our business. Simply put, we would not be as successful without them.”
Ananth Narayanan, Director at Kreston Rangamani, says:
“By evaluating the requirements and expectations of our clients, we provide a customised pricing structure, where the client pays for exactly what was used. Quality and time-to-market are the major attributes that make us a preferred outsourcing partner.”
Meera Murali, Operations Manager at Kreston Rangamani, added:
“We have been with Ping for the last four years and have built a strong relationship with their management team. Our team was able to sync with the Ping team quickly and were able to transition all the tasks smoothly within a short time span. The big advantage that we have is that our team quickly adapted to working according to Ping’s processes.”
April 5, 2022
The technology company was founded in 1997 by a professor and three doctorate students – and now operates in 28 countries worldwide. U-blox creates wireless semiconductors and modules for consumer, automotive and industrial markets, and chips and equipment for global navigation satellite systems.
As part of its international expansion, u-blox established an operation in India and wanted to outsource its cash flow management, payroll processing, financial statement preparation, tax processing and e-accounting services. The management team was seeking a skilled team of accounting professionals who could provide customised accounting solutions by using the latest versions of accounting tools at an affordable pricing structure.
U-blox chose Kreston Global’s Indian member firm Kreston Rangamani for outsourcing its functions, because Kreston Rangamani had the best infrastructure to provide quality outsourcing services. That was seven years ago, and the relationship continues today.
Carine Loo, Finance Manager for u-blox Asia Pacific, said:
“Kreston Rangamani’s team is very professional and knowledgeable. On several occasions, they have gone the extra mile to support us by providing professional advice on matters which are outside their scope of work. We appreciate their service and look forward to our continued cooperation.”
Rema Muraleedharan, Team Lead at Kreston Rangamani, commented:
“Our strengths have always been to serve our outsourcing clients across various time zones and have the ability to deliver results within a quick turnaround time.”
Shalini Singh, Manager at Kreston Rangamani, added: “We understood how the u-blox business worked, precisely analysed their requirements and that helped us provide highly customized solutions. We made use of some of the latest and updated versions of the best outsourcing tools and technologies to provide the best services to u-blox.”
If you would like support with the expansion of your tech business, please contact us using the form below.
March 7, 2022
Kreston Global condemns the war in Ukraine and the violation of international law. We are deeply troubled at the terrible impact on innocent people in Ukraine, Russia and Eastern Europe, and we stand by all people suffering from oppression anywhere in the world. We very much hope for a quick and peaceful resolution to this tragic situation.
We can confirm that Kreston Global does not have any member firms operating in Russia. Our member firm in Ukraine – Kreston Ukraine – has understandably been impacted by the current situation, and we are doing everything we can to support their team during this difficult time.
Accounting firms play a critical role in ensuring relevant economic measures and sanctions are applied effectively. To do so, our firms are encouraged to use resources available from professional bodies and government departments in their respective jurisdictions and to seek guidance from Kreston Global. As trusted advisors, our member firms will continue to support clients as they manage the significant disruption that these changes will bring.
Kreston Global firms from around the network have been in touch with offers of support. Kreston Ukraine has set up a fund to support its employees at this time. If you are a member and would like to offer support, please contact us here.
February 8, 2022
February 2, 2022
Kreston global mobility expert, Ian Miles, talks us through the benefits of using a global network to relocate businesses and employees overseas.
Global mobility is the movement of individuals around the globe moving from one country to another, usually, but not always, for work.
Our offering is to help to efficiently move employees and businesses to new countries by offering the necessary and relevant tax advice before, while and following living in a new country. A good global mobility strategy should cover tax, visas and immigration, payroll and benefits and relocation services.
A smooth transition benefits the business and the individual moving, whether it is the CEO of a company or an employee. Understanding the culture, local employment laws, working visas and settling in families, if needed, minimises the risk of the relocation failing
The HR department is often involved and can offer assistance to an employee or CEO looking to relocate, however, tax and legal advice is specialist and dependent on the locality. Businesses can choose to source multiple services or use a network that can coordinate everything with one point of contact.
Kreston Global works with two partners to deliver specialist global mobility services.
At each country location is a hub, with a contact from each of the three partners who, together, offer a complete global mobility service. The members of the hub are one person whose business is to physically move people around the world, another member finds housing for the Expat, another finds schools for the Expat’s children, another moves their pet, a wealth manager and so on. The Expat will also need tax advice to help understand the tax laws in the country that they are going to and how the rules of their new country interact with their home country or vice versa if they return home in later years.
Expatland has created a travel planner checklist from their wealth of experience of working with clients around the world, highlighting tasks you should do before, during and after relocation. Follow the link to their website here to use their useful relocation planner tool, download the checklist and research the support we can offer you in each location.
Kreston Global offers tax advice as part of the partnership, which can both advise individuals on the tax aspects of what it means for them to move country and also advise globally mobile entrepreneurs about how to set up a business venture in a new country.
All of our member firms that offer global mobility services are listed here. This list is expanding all the time. You may contact the member firm in the country you wish to expand into, or the country where you reside. Please email us here
This month saw two new members added to the Kreston Global Mobility network. Kreston Egypt and McLean Delmo Bentleys in Australia.
The two new members are now both group leaders in their e-teams, Kreston Egypt now specialising in individuals moving in or out of Cairo and McLean Delmo Bentleys now responsible for the same in Melbourne.
The two firms are working with our two global mobility partners; Expatland, who co-ordinate the e-teams all around the world, offering one-stop service, organising everything from expatriate tax to finding a school, for their clients. and Harmony Relocation, a global relocation expert.
If you are moving abroad or looking to move staff overseas, the Kreston Global mobility network can offer tax advice and co-ordinate all other services, from organising a visa to moving your house contents to another country.
Learn more about our network and how we can help you and your employees move country.
January 14, 2022
