Financial management
Never confuse profit with cash
A company can post a profit and still be unable to pay salaries at the end of the month. Here is why, with a worked example.
Read the article (in French)Tax
The five tax offences that expose businesses most
Refusal to pay tax, irregular or fictitious invoices, unfiled returns, books not kept: what you actually risk.
Read the article (in French)Financial management
An unprofitable investment burns your cash
Payback period, net present value, internal rate of return: how to measure a project's profitability before committing your cash.
Read the article (in French)Valuation & transfer
What is your business worth? What a valuation can, and cannot, tell you
When to value, why there is no single value, and how the two most common methods work: multiples and DCF.
Read the article (in French)Financial management
Four ratios to monitor your company's financial health
The four ratios to track continuously to make informed financing decisions, with their warning thresholds.
Read the article (in French)Investing in Tunisia
Investing in Tunisia: the legal framework in three laws
The three texts that shape investment in Tunisia, and why tax incentives are found elsewhere than in the investment law.
Read the article (in French)Investing in Tunisia
Tunisian, fully exporting, non-resident: what these statuses actually mean
Company nationality, fully exporting regime, non-resident status: the definitions that drive your tax and foreign exchange treatment.
Read the article (in French)Company law
The status of an SARL manager in seven rules
Natural person required, joint management, powers binding on third parties, term of office: the essentials of the manager's status in an SARL.
Read the article (in French)Company law
The legal reserve in an SARL: 5% you will not distribute
What article 140 of the commercial companies code requires, up to what ceiling, and why this reserve cannot be distributed.
Read the article (in French)International tax
The tax treatment of French expatriates in Tunisia
How long expatriate status lasts, the residence test, and the three cumulative conditions that determine taxation in Tunisia.
Read the article (in French)