Tax Saving Tip #4: Hong Kong Surplus Waiver

Marketing ACCOUNTING & AUDITING

ATTENTION BUSINESS OWNER: Hong Kong’s government budget has consistently saved you money. You don’t believe me? Well, Hong Kong has a tax-friendly law that particularly benefits SME’s. When Hong Kong runs a government budget surplus (brings in more money than they spend) part of your tax is waived. And the waiver is no laughable amount; it is 75 percent of …

Tax Saving Tip #3: No Taxes on Investments

Marketing ACCOUNTING & AUDITING

After years of intelligent and lucrative investing, you decide it is time to take your earnings out of your portfolio. But before that money reaches your pocket, you are disappointed to find that a huge slice of your would-be earnings has been gobbled up by various taxes. You realize your investment was hardly worth what you thought it was. This …

Tax Saving Tip #2: Hong Kong Rent Write-Off

Marketing ACCOUNTING & AUDITING

Another tax saving tip for your business! We all know one thing for certain in Hong Kong – rent is expensive. Really really expensive. For many, Hong Kong rent can eat up most of their monthly paycheck. Luckily, Hong Kong has a policy providing relief for entrepreneurs here. In Hong Kong, the directors of a company can use their rent …

Tax Saving Tip #1: Hong Kong “Carryforward”

Marketing ACCOUNTING & AUDITING

Who likes paying taxes? Nobody. Fortunately, Hong Kong has one of the lowest corporate tax rates in the world. What’s more, there are several unique ways you can save on your company’s tax bill. Being wildly profitable in the first few years of business is often far-fetched with getting your name out there and all the startup costs. Even some …

THE HONG KONG WATCH AND CLOCK FAIR!

Marketing EVENTS

The 36th Hong Kong Watch and Clock Fair will be held on from the 5th-9th of September in the Hong Kong Convention and Exhibition Centre. PRICE: Free admission; Only trade visitors 18 years old and older are allowed.   At this fair you can find watches, clocks, and parts and equipment to buy. There will be 810 exhibitors displaying their …

ONLINE BUSINESS IMPORTANCE

Marketing INCORPORATION

When running an online business, the steps are similar to if you were running a traditional, offline business. By setting up clear rights and obligations, you will ensure that the business relationship runs smoothly between all involved parties. Terms and Conditions for Online Sale of Goods outline the rights of your business and customers when selling goods/services online. Terms and …

WHY DOES CASH FLOW MATTER?

Marketing ACCOUNTING & AUDITING

Cash flow problems are a major cause of business failure. A cash reserve provides the backing a business may need when encountering trouble. It will also give you the financial ability you need to grow your business. During the startup phase, you may encounter many challenges. Many companies fail to plan their finances properly, do not keep track of costs, …

THE HONG KONG HOME DELIGHTS EXPO!

Marketing EVENTS

The 4th Hong Kong Home Delights Expo will be held on from the 17th-21st of August in the Hong Kong Convention and Exhibition Centre. Tickets will be HK$40 a person, but these tickets allow you to get into conjunctive fairs, such as the Beauty and Wellness Expo, Hong Kong Food expo, and Hong Kong International Tea Fair. At this fair …