What is Technology Voucher Programme (TVP)?

Marketing Funds

Innovation and Technology Commission introduced the Technology Voucher Programme in 2016.  The mission is to support small and medium companies in Hong Kong to improve productivity or upgrade or transform local operating business processes with the use of technology.  On 26 February, it was announced that TVP fund is now converted to a regular funding programme for companies in Hong Kong.  What’s …

What is Employer’s Return

Marketing ACCOUNTING & AUDITING

Company carrying on business in Hong Kong is obliged to file the Employer’s Return to Inland Revenue Department (IRD) annually for all its employees. No matter the employee rendered services in or outside Hong Kong. IRD will send the Employer’s Return (Form BIR56A) to the employers on the first working day of April each year. For newly setup companies, employers will …

Company Registry – Failure to Deliver Annual Return

Marketing COMPANY SECRETARIAL

Is your Company Secretary assisting on maintaining and up keeping your Hong Kong Limited company on time?What will happen if you do not file your Annual Return to Company Registry on time? According to section 899 of the Company Ordinance, the Registrar will issue an official notice to a company which fail to deliver Annual Return on timely manner.  Company must …

Xero New Subscription Fees starting in 18 March 2020

Marketing ACCOUNTING & AUDITING

To help entrepreneurs work better, quicker and truly go paperless with their accounting, From 18 March2020, Xero  monthly subscription fees will be increased. In exchange, Xero has acquired Hubdoc to make bills and receipts to be capture easier than ever.     Monthly Plans                                     Now                            From 18 March 2020 Standard                               US$30/month                         …

Xero Getting Better with Hubdoc

Marketing ACCOUNTING & AUDITING 0 Comments

Get ready for March 2020. Xero is getting even better with Hubdoc.   Starting in 18 March 2020, you’ll be able to automate pesky admin tasks and say goodbye to manual data entries. Hubdoc is combined with Xero saving you a monthly retail price of US$20/month.   Needing help on handling your monthly accounting, expenses recording, Contact us to know more about …

The Employment (Amendment) Ordinance 2018 for Employment Agent License Holders

Marketing COMPANY SECRETARIAL, INCORPORATION

The Employment (Amendment) Ordinance 2018, effective since February 9, 2018.   Any employment agent is not allowed to collect from a job seeker any fees or charges other than the prescribed commission, which is an amount not exceeding 10 per cent of the first month’s salary of the job seeker upon successful placement.Those who failed to do so may lead to prosecution …

Company Registry in Hong Kong has sanctioned approximately 1 in 4 firms during Anti-Money Laundering Inspections on 1,800 TCSPs licensed operators

Marketing Uncategorized 0 Comments

Since March 2018, Company Registry imply Guideline on Compliance of Anti-Money Laundering and Counter -Terrorist Financing Requirements for Trust or Company Services Providers.  There has been total of 1800 of TCSP licenses issued within the past 1.5 year.  There has been 1024 TCSP licensed operator being interviewed. Total of 452 warnings given out to licensed holder and 32 firms has been …

The 2019- 2020 Budget Highlights for Enterprises in Hong Kong

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Hong Kong Financial Secretary Paul Chan recently set out his budget for 2019-2020.  Due to the uncertainties in the global economic landscape caused a decline in growth and confidence among enterprises. The budget was prepared with the aim of “supporting enterprises, safeguarding jobs, stabilising the economy, strengthening livelihoods.” Below is the highlight of the budget for SMEs. Support for Enterprises Waiver of …

APEC Travel Card arrangements with US and Canada

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The United States and Canada are two members that participate in the APEC program. The American and Canadian APEC cardholders can use expedited immigration when they visit the APEC participating countries. However, they must have a US and Canada visa when they visit these two countries. In the US, the Customs and Border Protection is the government agency that handles …