4 STEPS OF ACCOUNTING PROCESSES IN HK- STEP 1: CLASSIFYING ACCOUNTS

Marketing ACCOUNTING & AUDITING

Ever wonder what magic goes on behind the accountant’s desk that turns your shoe box of invoices and receipts into an income statement? It is not magic at all. Rather, it is a thorough process that can be broken up into four steps. STEP 1: CLASSIFYING ACCOUNTS All your invoices and receipts sent in must be classified as either income, …

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 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 …

HONG KONG INTERNATIONAL TEA FAIR!

Marketing EVENTS

The 9th annual Hong Kong International Tea Fair is coming to Hong Kong Convention and Exhibition Centre! WHEN: August 17-19th. ABOUT: There will be over 245 exhibitors displaying their region’s tea, how it is processed, and packaged. There will also be tea testing, where you can sample teas from all over Asia! PRICE: HK$25 If you are interested in different …