Founded in 2014 by Matthew Zampa and John Debattista, Zampa Debattista has grown into a highly regarded accounting, advisory and tax services firm, primarily focused on businesses operating internationally.
“One of our guiding principles at Zampa Debattista is to always act and operate with integrity. This goes beyond mere reputation management. We firmly believe in keeping transparent and honest relationships with our clients, many of whom we have serviced for years now. Ultimately, fostering a financial and regulatory landscape that’s held to a high ethical standard will result in a stronger iGaming industry for all in the long run,” says co-founding Partner, John Debattista.
Back in April of this year, the European Commission adopted a proposal for a Corporate Sustainability Reporting Directive (CSRD) that improves upon the existing reporting requirements of the EU’s Non-Financial Reporting Directive (NFRD). This updated directive not only makes environmental, social, and governance reporting mandatory for large gaming companies, but also introduces an assurance requirement.
For Mr Debattista these changes are a sign of even more challenges to come.
“The entire iGaming industry is experiencing revolutionary changes in the field of corporate reporting. This makes sustainability reporting at EU-level a top priority. The directive is applicable for the accounting financial year 2023. Gaming companies should act now and not leave it until the very end to make the shift to sustainability reporting. This is a significant leap in corporate reporting and should not be underestimated,” Mr Debattista warns.
Zampa Debattista has positioned itself as one of the more knowledgeable leaders in the field of iGaming. The partners explain how they have intentionally set up a 360-degree advisory firm to cater to the iGaming industry’s unique corporate reporting needs. Specialised services offered include accounting advisory, financial reporting, indirect and direct taxation, and assurance services. The team also assists with statutory reporting requirements, such as interim management accounts.
“Our team can assist clients in the accounting and disclosure treatments of various highly technical transactions in order to be compliant with IFRS. Furthermore, our specialists can also assist clients in reporting, from the drafting of a set of financial statements under EU-IFRS to assisting with specific disclosures or other reports which may be necessary,” Mr Debattista explains.
The firm also boasts a specialised VAT team that offers a wide range of VAT-related services. Comprised of eight experts who have over 15 years’ collective experience operating in the field, Zampa Debattista has gone on to become a member of the VAT Forum, which is an independent partnership of professionals established in the European Union. This membership gives added depth to the firm’s VAT function.
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