US Tax Reform Plan main points, by Italian CPA

The long-awaited tax reform was quietly approved by the House and then signed by the US President on 22 December 2017.
It is, in fact, the most drastic change to US tax code of the last 30 years!
 
Here are the reform main points:
  • The corporate tax rate has been permanently cut from 35% to 21% for companies of all sizes and industry fields.
  • Top individual tax rate will drop to 37% from 39.6%
  • “Bonus depreciation” is increased to 100% (for machinery and equipment purchases it applies immediately and until 2022)
  • Multinationals and giant corporations will repatriate their capitals to the US with an 8% one-time tax on their earnings (15.5% in case of offshore cash) instead of the average 35% under current federal law (which will be terminated)
  • Meaningful advantages in the real estate industry
  • Business premises income deductibility
  • Tax reduction on individuals until 2025
  • Estate tax exemption (which lets heirs save on millions of dollars)
  • Student loan interest deduction
  • End of tax penalties for individuals who do not obtain health insurance coverage
What will be the medium to long-term results desired by the reform?
It is estimated that the federal budget will decrease of 1.5 billion $ over the next 10 years.
Since such great amount of money will remain in the business circle, US economic growth will literally boost and experience the following effects:
  • GDP growth up to 4%
  • The US stock-market could head a lot higher and grow dramatically
  • A medium-to-long term increase on banks and corporate earnings
  • Increase in jobs
  • The repatriation of foreign earnings and companies who had previously relocated (causing some understandable fears in Europe and China about possible economic losses in the coming years).
Contact us for more information.

Snaidero USA selected as kitchen cabinets supplier for the Bristol Palm Beach residences

Snaidero USA, the leader in North American imports of European kitchen cabinets, has been chosen as the kitchen provider for the 70 residences of The Bristol, a new luxury condo development in West Palm Beach, FL.

Bristol - West Plam Beach 2 (bldg)

The project – currently under construction – is the latest in a list of over 55 luxury high-rises that Snaidero USA has furnished in Florida since 1992.

The kitchen cabinetry selected for The Bristol is Snaidero’s WAY, a 2012 GOOD DESIGN™ Award model with a minimalist aesthetic and highly customizable features; a perfect fit for the building’s design vision – a “marriage of timeless and contemporary refinement”.

With its sparkling glass façade and spectacular, flow-through layouts with east to west ocean and city views, The Bristol strikes a balance between casual living and elite service. The residences – starting at $5 million – are curated in every detail and include private elevators opening directly into each unit.

The Bristol is developed by Flagler Investors – comprised of Golub & Company LLC, Commercial Financial Management and Elion Partners. The architecture is by Solomon Cordwell Buenz and Revuelta Architecture International, with interiors by Amir Khamneipur.

Bristol - West Plam Beach 2 (kitchen)

With The Bristol, Snaidero USA continues its mission of bringing the finest Italian design and craftsmanship to high-end multihousing projects all over North and Central America, helping raise the bar of luxury living.

Snaidero USA is the exclusive North American distributor of Snaidero kitchen cabinets. For almost 40 years, Snaidero USA has offered the finest in luxury Italian kitchen design to North America and Central America through a retail network of 22 showrooms.

RENOWNED INTERNATIONAL ITALIAN FASHION SCHOOL, ANNOUNCES FIRST U.S. CAMPUS TO OPEN IN MIAMI’S DESIGN DISTRICT, by ISTITUTO MARANGONI

Istituto Marangoni, the leading Italian fashion, art and design school, announces the Group expansion into the Americas with the opening of the first US School in Miami’s Design District, the 10th in the world.

Istituto Marangoni was founded in 1935 in Milan and has more than 80 years of history and success in training the top professionals of Fashion and Design. Istituto Marangoni can praise itself for the education of four generations of students from 5 continents and for having launched over 45,000 professionals in fashion and luxury fields. It currently educates 4,000 students per year from 107 countries at its schools, located in Milano (the School of Fashion and the School of Design), Firenze (School of Fashion & Art), Paris, London, Shanghai, Shenzhen, Mumbai and Miami, the international capitals of fashion, design and luxury.

The prestigious school will now deliver the bran’s proven and unparalleled education model to top students throughout the US and Latin America.

The institution consistently plays a key role in shaping global fashion trends and holds the merit of creating some of the biggest names in the industry, including Domenico Dolce, Franco Moschino, Alessandro Sartori (Zegna Group Creative Director), Paula Cademartori, Julie de Libran (Artistic Director of Sonia Rykiel), Rocco Iannone (Creative Director of Pal Zileri), Maurizio Pecoraro brand owner and Istituto Marangon’s International Fashion Chair), and more.

Hakan Baykam, president of the new School, has identified the unique opportunity in Miami to pioneer a new fashion hub. As the visionary behind the expansion, he is building an impressive Istituto Marangoni Advisory Board in the Americas that consists of names like Esteban Cortazar, Craig Robins, Carlo ‘Amario, Oscar Feldenkreis, Karla Martinez, Milan Vukmirovic, Paula Cademartori and more. He is also curating a highprofile team of leaders for the new campus, which includes Massimo Casagrande (who is an Istituto Marangoni alumnus, founder of his own menswear label and former Versace designer) as Director of Education and Pablo Arbelaez as School Director.

” We were looking to create a new global fashion destination and selected Miami for its existing international allure and for its need for a firmly established fashion school. The city’s rapid growth in the design and art categories coupled with its accessibility to Latin America made it the perfect choice for us.”, said Baykam.

The Miami School will feature impressive course offerings beginning with short courses in winter of 2018.

Foto sede Istituto Marangoni

Van Berkel International Srl acquires OMAS SpA

With the recent acquisition of OMAS SpA, Van Berkel International Srl, part of Rovagnati Group, continues its growth and commitment as the most prestigious company in the world for high-quality food slicers and processing equipment.
Van Berkel International Srl operates two production plants, in Italy (Albizzate) and India (Chennai), and a knife production centre in Maniago (Pordenone), with approximately seventy employees in total.
Founded in 1949, OMAS SpA has two production sites in Italy, both in the province of Varese, one for food slicers and processing equipment (Oggiona S. Stefano) and the other an aluminium foundry (Besnate), employing a total of 83 employees.
Already a market leader in 1898, when the well-known BERKEL brand was conceived, Van Berkel International Group offers its customers top end food slicers (professional and domestic) as well as a wide range of food processing equipment.
Giuliano Reas, General Manager of Van Berkel International Group, explains, “the purpose of the acquisition is to leverage the scope of both brands to consolidate Van Berkel International’s leadership in the high-end slicer segment. If Berkel is recognized throughout the world for making slicers a symbol of excellence and tradition in history, OMAS founded its brand based on the same principles and thus has affirmed itself over the years due to the high quality of its machines and the deep penetration in foreign markets”.
Therefore, the business plan envisages an expansion of the product offerings and penetration of new markets. Reas continues by saying, “we want to grow in the United States, where we opened a new branch in Miami last year, and in India, where we invested in a new and improved production site that, in the last two years, has increased the production volume of over 10,000 units/year, about half of the Group’s total production; the rest will be manufactured in the Italian plants.”

Orsoni at Venice Biennale, By Trend Group

Orsoni is a historical Venetian furnace that uses the same traits since 1888 to produce 24K gold leaf mosaics and enamels in more than 3,500 colors. While it is a traditional Italian company, rather than relying on the past, Orsoni focuses on innovation. The company seeks to convey emotions through its uniqueness and attention to detail, all firmly rooted in its passion for excellence.
Orsoni’s “color library“, is a timeless environment that preserves almost 3,500 enamels of different tones and shades from which was born the famous panel by Angelo Orsoni. This piece of art was displayed for the first time at the Universal Exhibition in Paris back in 1889, where Antonio Gaudí, the Spanish architect, was amazed with its beauty. Since then, Gaudí decided to use Orsoni mosaics in the construction of the Sagrada Familia in Barcelona, Spain.
Orsoni is involved with the realization of several iconic buildings and projects such as: Trocadero and Le Sacre-Coeur in Paris, Saint Paul Cathedral in London, Rudolph Nureyev’s tomb in Paris, Norman Rockwell’s Golden Rule recreated in mosaics and many other masterpieces of Arabic and Oriental architecture.
During Milan Design Week 2017 the company introduced a world premiere -Fascino by Orsoni™- and revolutionized the surfaces industry by being the first company to launch a surface with real micro diamonds.
Orsoni will be one of the historic companies in the Venice Biennale (May 13th – November 11th, 2017), which the Pavilion Venezia will host as evidence of handcrafted Venetian artistic excellence.
In 2003, TREND Group, the world’s leading full-body glass mosaic, gold mosaic and Venetian enamel designer and producer, incorporated Orsoni and demonstrated a unique ability to synthesize the essential principles of Italian tradition with the dynamic creativity of today’s most celebrated designers, architects and artists. This was accomplished while maintaining a commitment to environmental concerns and cultural vibrancy.
venezia

Inauguration of Riccardo Silva Stadium, By Miami FC

After months of hard work and renovations, we would like to officially welcome you to Riccardo Silva Stadium, the new and improved home of your Miami FC!
In an event at the new stadium on April 3, 2017, Florida International University recognized Miami FC owner Riccardo Silva for his efforts in bringing world class soccer to Miami by renaming the multi-purpose facility after Mr. Silva.
FIU and Miami FC jointly showcased for the first time to media the installation of a new state of the art pitch. The new surface, Field Turf’s Revolution 360, features fibers that provide for optimal durability, resilience and feel and is used by many of the country’s biggest NFL and soccer teams.
Also added was a brand new high-tech videoboard providing a huge boost to the fan experience at Riccardo Silva Stadium. Measuring 31×59 feet, the new videoboard will feature a 13HD pixel layout, the premier technology for outdoor applications within the sports industry.
The new videoboard will have full live video and instant replay capabilities, along with multiple zones of content, including statistics and graphics.

Stadiumunveiling-9902

International Business: Seminars in Italy, by K2USA

 

Early this month the K2USA’s business partners Mr. Paolo Ruggeri & Mr. Andrea Lombardi hosted two events in Italy; first in Bologna and later in Verona. The hosted discussion offered an informative overview about business opportunity in US.

As underlined by Mr. Ruggeri the “Made in Italy” is still highly appreciated in the US, particularly in industries such as:  Food & Beverage, Fashion, distribution of luxury brands and Automotives.

At the events Mr. Ruggeri spoke about important requirements and rules, necessary to smoothly access the American market, such as: the importance of being knowledgeable about Tax, Law, as well as the importance of being reliable even more than skilled, and to be willing to open one or multiple company’s branch in the US.

While the gained experience of Mr. Lombardi as a business developer of K2USA, allowed him to discuss the best strategies to succeed in the US market such as on site managing, some knowledge of cultural aspects and confidence in your own possibilities and “know how”.

Invited testimonials: Katia Paracchini of Elka Design LLC., Filippo Raddino of Zaffiro srl and Paolo Fontanot of Il Pane Quatidiano Corp. whom with their firsthand experiences and through the K2USA’s support; were able to described aspects of the internationalization process for their  companies.

Mr. Lombardi underlined the importance of identify opportunities for Italian companies through a one to one approach. He compared Fairs vs.  Appointments = Temporary Export Manager, a service chosen from many Italian companies in the US that helped them saving money and to avoid trouble.

Lastly, Pierluigi Zuffi with (Innova Finance), explained how to gain access to European funds for innovation and internationalization process.

Meanwhile, Antonello Di Giovanni, special guest from Miami, FL. described the advantages that the Italy-America Chamber of Commerce in Miami gives to their members.

Foto eventi

IT: New Office in Downtown Miami,  by Miros Consulting

Miros Consulting, is proud to announce their office’s expansion, in the heart of the city of Miami.

Conveniently located, at 261 NE 1st Street and easily accessible from the neighboring higher education institutions, it will facilitate the attraction of local young talent interested in the IT field and the hiring process of local professionals.

Thanks, to an increased company’s manpower they had been able to maintain their Weston location as their development center, while opening Miami location to effectively been able to serve a larger number of clientele.

Founded by a group of Italian entrepreneurs and experts in the Information Technologies sector, Miros Consulting, Inc., first opened their office in 2014 Weston, FL.

Miros Consulting manages in outsourcing all their clients’ Information Systems, overseeing all the goods and service suppliers involved in the clients’ IT management, including the hiring of IT Executives such as CIO and CTO.

Their services include:

  • MICloud, a platform created to host clients’ data center including data, software, and emails.
  • VoIP System, a virtualization of telephone lines that allows the clients to be independent from physical structures;
  • Computer-Network Security, in order to identify information theft and protect your company’s data from viruses.
  • Video Surveillance, Miros Consulting has partnered with Axis, leader in the field of video surveillance. Axis’ infrastructure allows for the management of cameras without subjecting the company’s network to unnecessary risks, because the cameras do the streaming via SSL.

MagniSmartech, the mattress of the future, by Magniflex

As we get older it seems as though we’re on an eternal quest to find the perfect mattress.  Maybe we need more than just a comfortable mattress.

Magniflex is the largest Italian mattress manufacturer with over 50 years of experience as a business to business operation and a worldwide distribution in about 100 countries.

Magniflex has proudly launched its unique MagniSmartech, an integrated sleep system that has taken its mattresses to the next level. MagniSmartech allows you to learn more about your sleep through the use of sensors that gather data about you and your sleep environment in real time.

The sensors track many parameters like the hours slept, your average heart-rate and respiratory rate and their fluctuations, as well as environmental data like the brightness and noise level of your room. The data and suggestions are available to view the next day in the accompanying app or through a web browser.

MagniSmartech also features an innovative soft wakeup function as well as chromotherapy using LED, but probably the most unique feature is the anti-snore function, which automatically recognizes when you’re snoring and then goes into action adjusting the position of the bed until the snoring stops, at which point it returns to the original position.

Magniflex prides itself of having created the mattress of the future, and continued on its journey of promoting quality sleep with the Made in Italy label.

Simply Italian Great Wines Americas Tour & VINO 2017 

By I.E.E.M. (International Event and Exhibition Management).

I.E.E.M. in partnering up with the Italian Trade Commission to present two premiere wine tastings at the Biltmore Hotel on February 8th.

Over 55 Italian wineries will meet with South Florida Wine Traders.

The IACC Chamber members who are part of the hospitality or wine trade are invited.

All the other members are more than welcome to join for a “brindisi”, from 5 pm to 6.30 pm during the “The Sparkling Life: It’s always 5 o’clock somewhere with Friuli Wineshappy hour presentation, at the terrace of the Biltmore Country Club ballroom.

For registration, please click on the following link:

http://www.ieemusa.com/index.php/registration-88 

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