Proper accounting is complicated, time-consuming and requires (up-to-date) knowledge. Therefore, many SMEs and start-ups choose to outsource their company’s accounting functions.
Tax depreciation allowances for the expenditure of fixed assets are available to Hong Kong taxpayers subject to profits tax. It is normally granted on the condition that such fixed assets were acquired to generate assessable income for the taxpayer. However, pursuant to the Hong Kong tax laws, expenditure of capital in nature are not tax […]
With a view to mitigate the risks of loss of tax revenue in respect of outbound payments to foreign institutions and individuals, it is required by the Mainland Chinese tax authorities to go through certain procedures before outbound remittance can be made from out of Mainland China. Nature and amount of outbound remittance subject to […]
When you’re running an SME, you may come across the point that you need to hire workers for your company. This is an exciting milestone, but it can be challenging too. You have now the choice to either hire employees or independent contractors – or a combination of both. In this article, we will take […]