A company without activity in Hong Kong, what to do?

Marketing ACCOUNTING & AUDITING

What to do if my company didn’t have any activity for the whole year? You don’t need to do the Accounting & Auditing, but you need to register your company as dormant and justify that there was no activity. Do I still need to do the Accounting & Auditing and to fill in the Profit Tax Return Form? Yes, you …

What are the running costs from year 2 after the first year of Company Incorporation?

Marketing ACCOUNTING & AUDITING, COMPANY SECRETARIAL

There are simply 4 costs to consider: 1. Business Registration Renewal – HK$250 government fee (2016-2017) 2. Annual Return – HK$305 government fee (2016-2017) 3. Registered Office – HK$1,300 / year – Centre O fee 4. Company Secretary – HK$2,000 / year – Centre O fee Feel free to contact us at [email protected] if you wish to renew your services …

When is your company’s financial year ends?

Marketing ACCOUNTING & AUDITING

Many papers lying around? Needing help on getting a ledger, financial statement and a proper audit report for tax report?   Keep Calm and Relax. Working with 2 Certified Public Accountants in Centre O Business Centre for more than 6 years, we are able to offer 1 stop shop for you. Our accounting and auditing services package helps you in …

How to maintain & upkeep my business ?

Centre O ACCOUNTING & AUDITING

It is very important for you to keep track of the company performance in each period , so that you can maintain and upkeep your business . After you have done the transactions with customers and made some expenses for your company, you have to keep all theses records ,including monthly bank statements,every contracts,invoices and receipts about the company. After …

LAST CHANCE TO RSVP FOR SPEED-NETWORKING EVENT !

Marketing ACCOUNTING & AUDITING, CO-WORKING SPACE, COMPANY SECRETARIAL, INCORPORATION, SERVICED OFFICE, VISA ARRANGEMENTS

READY FOR SPEED NETWORKING EVENT  (FINAL CALL !!!) Networking can be intimidating when you are in a room full of strangers and don’t necessarily know the right people to approach. We invite your to join fellow entrepreneurs in a facilitated networking program, allowing you to maximize your time and make business connections quickly. This is a perfect opportunity to build your …

What is MPF ?

Centre O ACCOUNTING & AUDITING, INCORPORATION

MPF refers to “Mandatory Provident Fund”. Nowadays, Hong Kong is facing with a challenge of rapidly ageing population. The percentage of population over the age of 65 will be increased from 15% (in 2014) to 36% (in 2064) and less working aged adults will support the retirees. In order to help the ageing workforce to save for their retirement, the …

Personal Assessment

Centre O ACCOUNTING & AUDITING

If you are a sole proprietor, a partner in a business or a property owner, you can elect for personal assessment if you are eligible. This may help to reduce the tax you need to pay by aggregating your assessable income under salaries tax, profits tax and property tax, and making adjustments for the deductions. The balance, if any, will …

2016/17 a better year for entrepreneurs and business startups.

Centre O ACCOUNTING & AUDITING, INCORPORATION

The 2016/17 Budget has launched recently, there will be much more entrepreneurs benefited from the government as there are more supporting funds and schemes focusing on Startups (especially for Small-and medium-sized enterprises). Several important benefits for SMEs are shown below: 1.The decrease of profit tax In order to reduce the burden on SMEs, government will reduce 75% of profit tax …

Why MPFA is not authorising my request of releasing my money?

Centre O ACCOUNTING & AUDITING

I’m leaving Hong Kong, why MPFA is not authorizing my request of releasing my money?   Answer : You will have to fill in application to request of release of your MPF money back to your bank account, at the same time, you are required to include supporting documents on your application, including new employment contract of where you are …