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 …

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, …

Our annual service fee of Accounting, Auditing and Tax filing

Marketing ACCOUNTING & AUDITING

The quotation for accounting and auditing will depends on the following factors: 1.the number of transactions per financial year 2.the turnover per financial year 3.the business nature and location of the business operations 4.whether the company has any investments or subsidiaries For more information about our annual service fee, kindly contact us at sales@centreo.hk or call us directly at 3124 …

For Accounting & Auditing, is it possible to use receipts and invoices in another language than English?

Marketing ACCOUNTING & AUDITING

You have to use English or Chinese, otherwise it has to be translated officially or by your own mean. Hong Kong accountants have to be able to understand what is happening and the purpose of your invoices and receipts in order to classify them properly. We can handle Accounting & Auditing for your company, please contact us at sales@centreo.hk for …

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 sales@centreo.hk 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 …