Application Process of Employment Agency License

Marketing ACCOUNTING & AUDITING, COMPANY SECRETARIAL, INCORPORATION, SERVICED OFFICE 0 Comments

Obtaining an employment agency license is not as hard as you may think. Rather it is simple and straightforward as long as you have the necessary documents and follow the application steps. There is a procedure for applying for an employment agency license. Don’t worry if you are not familiar with the process as we have it all listed out …

DBS XERO

HOW TO CONNECT DBS ACCOUNT WITH XERO

Marketing ACCOUNTING & AUDITING

If you are using a DBS account, you can link your account to XERO and have your transactions to be reconciled automatically every 24 hour. This way, you can check your invoices’ status to see whether payment has been received or not on your DBS Account. To connect your DBS account, you should: 1. In the Accounts menu, select Bank Accounts, then …

WHAT TO DO WHEN I RECEIVE MY PROFIT TAX RETURN FORM?

Marketing ACCOUNTING & AUDITING

18 months after the date of incorporation of your company, you will receive your first Profit Tax Return Form from the Inland Revenue Department. Here below are 4 important points you should know about that form. 1. Don’t miss the deadline! The deadline for submitting the Profit Tax Return Form is 3 months after the issued date for your first year …

Late payment

LATE PAYMENT

Marketing ACCOUNTING & AUDITING

Late payment in Hong Kong Late payment is something to be expected for small businesses. However, with the right Website Payment Terms in place, you can ensure that you will get paid as agreed upon. Website Payment Terms state how the customer will pay. It is a good idea to set up a clearly outlined and accessible payment plan. If …

STEP 4 OF ACCOUNTING PROCESSES IN HK: INCOME STATEMENT AND BALANCE SHEET

Marketing ACCOUNTING & AUDITING

Step 4: Income Statement and Balance Sheet The final step is creating the financial statements. The two most important are the balance sheet and income statement. The income statement shows how the business earned and spent its money over the period. Typically, the income statement will show income received then deduct product costs (see step 1), yielding gross profit. Gross …