News: Axelia Partners
Tax filing and tax payment deadlines extended by 90 days
March 24, 2020 – Important update to the March 20’s guidance
The new guidance takes the caps off the $1 million tax payment for individuals and the $10 million tax payment for businesses: “There is no limitation on the amount of the payment that may be postponed.”
Please note that “interest, penalties, and additions to tax with respect to such postponed Federal income tax filings and payments will begin to accrue on July 16th, 2020.”
March 20, 2020 – US Secretary of the Treasury, Steven Mnuchin, announced today that “all taxpayers and businesses will have additional time to file and make payments without interest or penalties.” Both the tax filing and tax payment deadlines are extended by 90 days. Taxpayers will have until July 15th to file their tax returns and get their payments in.
Here are some important things to note about the tax payment deferral:
- Taxpayers are advised to file their tax returns by April 15 because many are expected to get refunds.
- Individuals can defer up to $1 million of taxes interest and penalty free for 90 days
- Large corporations can defer up to $10 million in taxes for up to 90 days
- The right to defer payment of tax applies to 2019 income taxes, not payroll, gift or excise taxes.
- The extension applies to “affected taxpayers”. An affected taxpayer is a person (which includes trusts and estates) who/that has a tax payment obligation due on April 15, 2020.
- Any taxes due in excess of the APPA ($1 million for individuals and $10 million for large corporations) will be subject to penalties and interest if not paid by the original April 15 deadline.
Idinvest Partners’ Scale Guide
January 2020 – Axelia Partners is proud to be listed in Idinvest Partners’ Scale Guide along with the very best service providers for French and European startups looking to scale their operations and enter the US market.
Check it out!
Co-working space for rent near Alewife in Cambridge, MA
October 2019 – A new 1,200+ square feet of co-working space is now available for rent at Alewife/Fresh Pond in Cambridge. Conveniently located at the end of Route 2 and within a 10-minute walk from Alewife T station, the space is private and secure, and in a vibrant international business environment.
Find out more
Axelia Partners’ summer outing
July 2019 – Our partner, Strategic Retirement Plan Consultants, treated Axelia Partners’ team to a lobster dinner and sail on board the Aurora, in Newport, RI.
Great time for team building on a beautiful summer night! Thank you!
InsideVision won two prizes at FACCNE FAB Awards
April 25, 2019 – 18th French-American Business Awards – Alexandra Suhas and Joy Marie Murphy of Axelia Partners were delighted to attend the French American Chamber of Commerce, New England’s 18th French-American Business Awards! We are so proud of the whole INSIDEVISION team & Igor Feinberg for winning not one, but two prizes: (1) the Small Company Award and (2) the Business Jury’s Choice Award (sponsored by Saul Ewing Arnstein & Lehr LLP). The pitch from Lindsay Yazzolino was truly inspiring. Congratulations to all!
Setting up operations in the US, the 10 mistakes to avoid
March 13, 2019 – Paris Conference – French Morning, in partnership with Axelia Partners, McDermott Will & Emery and Kinesis Partners, organized a conference on the essential steps for a successful U.S. expansion. The speakers, Julien Marzouk, Philippe Suhas and Jennifer Bock, detailed how to prevent common pitfalls and gave valuable tips to succeed. Among other topics, they addressed how to adopt an American approach of the market, how to choose the right legal entity, how to manage the cultural workplace differences, how to raise funds in the US, and how to manage the legal aspects of doing business in the US. Learn more.
Custom laws and regulations workshop at Axelia Partners
June 2018 – Axelia Partners team attended a very informative workshop on custom laws and regulations last week. The session was presented by Matthew Bock of Middleton & Shrull, a law firm exclusively devoted to the practice of International Trade Law. Mr. Bock reviewed the basics of U.S Customs laws and regulations before identifying specific risks and opportunities for our clients based on product types, countries of origin, assembly and manufacture, and proposed supply chains.
A. Suhas participated to a workshop for French entrepreneurs coming to 2018 BIO International Convention
April 2018 – Axelia Partners hosted a very informative workshop, in collaboration with Business France, the international law firm McDermott Will & Emery and Voisin Consulting, to help prepare the French entrepreneurs coming to Boston’s 2018 BIO International Convention in June. Alexandra Suhas gave a practical overview of what it takes to do business and manage an entity in the U.S. Learn more about the French delegation at the BIO Convention.
Alexandra Suhas Shares the Keys to a successful expansion in the U.S. with LyonBioPôle
November 2017 – Alexandra Suhas shared advice on how to expand a business efficiently and compliantly in the U.S. She addressed the following topics: Where to start a business and under which legal entity; Budget and timing; First steps after the entity creation (bank account, lease, insurance); Taxation (VAT, corporation tax, dividends); Transfer pricing management; Recruitment and management of human resources in the US; Expatriation (visas and relocation). Learn more.
Axelia Partners sponsored Europe vs USA Startup Elevator Pitch Battle at MassChallenge
October 2017 – Axelia Partners was a proud sponsor of the friendly Europe vs. USA Startup Elevator Pitch Battle, hosted by MassChallenge, a Boston startup accelerator. It was a great opportunity for some of the most promising European startups, including five 2017 NETVA laureates, to compete with the American startups currently participating in the MassChallenge accelerator program. The selected entrepreneurs each got 90 seconds to pitch and convince the audience. Alexandra Suhas was pleased to hand out the prizes to the battle pitch’s winners, CareAline and WorkAround. The event concluded NETVA Week 2017 in Boston.
Axelia Partners co-hosted event during Biotech Week Boston
September 2017 – Axelia Partners, along with McDermott Will & Emery and the French Consulate, co-hosted an informative event for a delegation of French life sciences companies which are exploring the prospect of launching and/or expanding their operations in the U.S. The event was designed to offer the participating companies an opportunity to address all of the various questions, concerns and needs associated with that process. It also allowed a variety of subject matter experts and service providers to meet with these companies and explore potential mentorships, synergies and/or collaborations.
Axelia Partners’ annual Garden Party – A long time tradition
September 2017 – Alexandra and Philippe Suhas welcomed eighty guests, including employees, clients and partners to their home for the company’s annual garden party. A great opportunity for everyone to meet and exchange ideas in a relaxed setting.
Alexandra Suhas is honored at the Consulate General of France in Boston
Boston, MA – January 2017 – Please join us in congratulating our CEO, Alexandra Suhas, this month’s French Woman of the Month! Watch the video below.
Axelia Partners Supports Bastille Day at the Consulate General of France in Boston
Cambridge, MA – July 2016 – Axelia Partners is a proud supporter of the 2016 Bastille Day celebration at the Residence of France. Funds raised for Bastille Day are devoted to several fabulous local projects, including:
- A 2017 symposium on women’s rights and gender equality in education (in partnership with Wellesley College and Sciences Po Paris)
- Support for the teaching of French in New England
- The “Jeunes Ambassadeurs” mentoring program
- The “Films on the Green” festival
Celebrate! Our clients are in the news!
StickyAds.tv Purchased by Comcast
StickyAds.tv, a multiscreen video ad tech company whose mission is to help premium publishers embrace programmatic video, in a controlled and totally transparent manner, was purchased by Comcast on May 8. For more information, see here
Withings Purchased by Nokia
Withings “invents smart products and apps that fit into any lifestyle that lets you track what matters so you can improve you everyday well-being and aim for better long term health”. Withings was purchased by Nokia on May 9. For more information, see this article
Nestlé Buys Rights to Milk Allergy Test from DBV for 10M Euros
DBV Technologies, in its commitment to patient-friendly allergy treatments is the creator of “Viaskin” technology for administering allergens or antigens to intact skin while avoiding any transfer to the blood. On May 31, Nestlé Health Science announced that they are partnering with DBV to develop a ready-to-use diagnostic test for cow’s milk protein (CMP) allergy dubbed “MAG1C” based on the firm’s Viaskin platform.For more information, see here
Axelia Partners sponsors NETVA 2016
Paris and Boston – June 2016 – Our own Marie Landel will present at this year’s NETVA conference at BPIfrance in Paris. The New Technology Venture Accelerator (NETVA) is a program of preparation and exposure to high-tech US markets for young innovative French companies. It is run by the Office for Science & Technology of the Embassy of France in the United States in three locations: Boston, San Francisco and Washington, DC. Alexandra Suhas will present as NETVA comes to Boston in the fall.
Marie Landel & Associates Becomes Axelia Partners
Cambridge, MA – December 2015 – Marie Landel & Associates, a renowned service company that has been helping European organizations succeed in the U.S. since 1990, becomes Axelia Partners. The name change reflects the company’s new ownership by Alexandra Suhas, Chief Executive Officer since 2013.
Alexandra Suhas states, “Axelia Partners is committed to pursue Marie Landel & Associates’ mission to provide European organizations with expert assistance to navigate the challenges of expanding in the U.S. Marie Landel, Founder and Advisory Chairman, will continue to provide her support in business development and advisory to new clients in their first steps in the U.S. While keeping the same core values and talented team, we are investing in the future and will offer creative solutions to ensure that our customers remain successful in the ever-changing U.S. marketplace.”
In conjunction with the name change, Axelia Partners is expanding into larger offices, unveiling a new identity, and launching an informative and easy-to-navigate website (www.axeliapartners.com).
Grand opening of Axelia Partners’ offices
Cambridge, MA – December 10, 2015
Axelia Partners, formerly Marie Landel & Associates, is the Sponsor of NETVA 2015
Cambridge, MA – May to October 2015 – Every year, NETVA helps, through a contest, 15 to 20 promising French entrepreneurs benefit from one of the best innovative ecosystems in the world to boost their technological development. The winners integrate a personalized support Program including: a 3 day training in Paris hosted by Microsoft France; A mentoring with local experts and the NETVA team; A week of immersion in the US (Boston, San Francisco, Washington D.C. and Toronto)